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Tag: securities

Calif. Joins Lawsuits Against Standard & Poor’s Over Mortgage Crisis

February 5, 2013 | 11:47 am

Calif. Joins Lawsuits Against Standard & Poor’s Over Mortgage Crisis

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California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor’s credit rating agency for allegedly inflating its ratings of mortgage-backed securities. The suit claims that S&P’s inaccurate ratings caused California’s public pension funds and other investors to lose billions of dollars. “They misrepresented their […]

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