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S.&P. Nears Settlement With Justice Over Inflated Ratings

New York Times Original article ›

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The negotiations between the Justice Department and S&P that are likely to lead to a settlement with S&P paying a fine of $1 billion for bad ratings on mortgage securities. This would wipe out operating profits of one year for S&P. It comes after S&P initially responded that the civil suit was a punitive action as a result of its downgrade on U.S. Treasury debt.

Geithner and the Justice Department's action against S&P

05/19/2014

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S.&P. Nears Settlement With Justice Over Inflated Ratings

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S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation

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New York Attorney General Schneiderman's investigation of Moody's, Fitch and S&P in 2013

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Grouped Articles

SEC Tells S&P It Could Face Enforcement Action

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S.&P. Nears Settlement With Justice Over Inflated Ratings

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S.&P.'s $1.37 Billion Reckoning Over Crisis-Era Misdeeds

New York Times 02/03/2015

Probe Adds to Rating Firms' Woes

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