Standard & Poor’s says the government plans to file a lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage-backed securities that later plunged in value and fueled the 2008 financial crisis.
S&P said Monday that it has been told by the Department of Justice that it intends to file a civil lawsuit focusing on S&P’s ratings on some mortgage-backed securities in 2007.
S&P expects to be sued by Department of Justice over ratings on mortgage-backed bonds
After reporting dismal fourth-quarter earnings, Radio Shack said Tuesday that it would close about 1,100 poorly...
Staples Inc (SPLS.O), the largest U.S. office supplies retailer, forecast another quarter of sales decline...
State and local governments have awarded at least $110 billion in taxpayer subsidies to business, with...
