S&P and Moody’s must face CalPERs $1 billion lawsuit

Jun 11, 14

Late last month, the Court of Appeal, First Appellate District, Division Three, ruled in CalPERS v. Moody’s that Standard & Poor’s and Moody’s Investors Service Inc. (S&P and Moody’s) must face the California Public Employees’ Retirement System’s (CalPERS) $1 billion lawsuit over S&P and Moody’s ratings of structured investment vehicles. The trial court’s ruling, which was “affirmed in full” by the Court of Appeal, rejected a request by the rating companies to dismiss the case under the anti-SLAPP law.

Read the full post by Evan Mascagni over at the California Anti-SLAPP Project’s website:

http://www.casp.net/uncategorized/sp-and-moodys-must-face-calpers-1-billion-lawsuit-court-of-appeal-affirms-denial-of-rating-agencies-anti-slapp-motion/

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