S&P Near $1.37 Billion Settlement of Crisis-Era Suits

The Wall Street Journal

S&P Near $1.37 Billion Settlement of Crisis-Era Suits

Cahill represented McGraw-Hill Financial, Inc. and Standard & Poor’s Financial Services LLP (S&P) in connection with law suits commenced by the United States, 19 states, the District of Columbia and numerous private litigants. The governmental litigations and many of the private actions have recently been settled, as have certain claims by the Securities and Exchange Commission, New York and Massachusetts. Cahill has represented S&P in all litigations relating to S&P’s ratings of mortgage backed securities. Since 2009, Cahill has obtained dismissals in 29 such cases and has won numerous appeals in the cases.