Ohio Lawsuit Against Rating Agencies Tossed Out

Standard Poor’s, Moody’s Corp. and Fitch Inc. won dismissal of a lawsuit alleging that their ratings of nonprime MBS were faulty and caused five Ohio public employee pension funds to buy into these money-losing investments.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_441/oh-lawsuit-rating-agencies-tossed-1026732-1.html?CMP=OTC-RSS

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