“Small Claims Court” Lawsuits Could Cost Wall Street’s Credit Rating Agencies Billions
BY RICHARD LAWLESS This is truly a story about David verses Goliath. Over the past four to five months, two hundred and forty small claims court lawsuits have been filed with the California Superior Court. The plaintiffs claim that the executives at the three largest credit rating agencies, Moody’s, Fitch and S&P engaged in securities fraud, mail fraud, wire […]