“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 toย five months, two hundred and forty small claims court lawsuits have beenย filed with the California Superior Court. The plaintiffs claim that theย executives at the three largest credit rating agencies, Moody’s, Fitchย and S&P engaged in securities fraud, mail fraud, wire […]