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 OZschwitz councils, charities chalk up win against US financial giant

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OZschwitz councils, charities chalk up win against US financial giant Vide
PostSubject: OZschwitz councils, charities chalk up win against US financial giant    OZschwitz councils, charities chalk up win against US financial giant Icon_minitimeSun Oct 29, 2017 7:13 pm
Investors participating in a class action against Standard & Poor's have been given the green light to argue the ratings agency deceived them into believing risky financial products were safe investments.

OZschwitz councils, charities chalk up win against US financial giant 1509301940719

The Federal Court has granted leave to investors in the class action brought against S&P by global law firm Squire Patton Boggs to pursue a tort of deceit claim against S&P over the way it rated a type of structured investment product known as synthetic collateralised debt obligations.

http://www.smh.com.au/business/markets/local-councils-charities-chalk-up-win-against-us-financial-giant-20171029-gzacbf.html
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