{"id":5747,"date":"2015-02-03T00:00:00","date_gmt":"2015-02-03T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/02\/standard_poors_settles_inflate"},"modified":"2022-05-06T12:16:12","modified_gmt":"2022-05-06T17:16:12","slug":"standard-poors-settles-inflate","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/standard-poors-settles-inflate\/","title":{"rendered":"Standard &#038; Poor\u2019s Settles Inflated Ratings Case for $1.5 Billion"},"content":{"rendered":"\n<p>Credit rating agency Standard &amp; Poor\u2019s will pay $1.5 billion to settle a number of lawsuits accusing the company of inflating the ratings of mortgage securities in the lead up to the 2008 economic crisis. As part of the deal, S &amp; P\u2019s parent company McGraw Hill will pay $687.5 million to the U.S. Justice Department and $687.5 million to the District Columbia and 19 states over their inflated ratings cases. <\/p>\n<p>The U.S. sued the credit rater in 2013, asking for $5 billion and claiming that S &amp; P had bilked investors. The company fought the claims, arguing that the First Amendment protected its ratings and contending that the mortgage ratings case was the government\u2019s way of retaliating after S &amp; P downgraded the United States\u2019 own credit rating. As part of the settlement, the credit rating agency said it found no evidence that retaliation was a factor. <\/p>\n<p>S &amp; P is not admitting to violating any law. It noted that its mission is to give the marketplace information that is independent and objective and employees are not allowed to influence analyst opinions because of commercial relationships. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/standard-poors-settles-inflate\/\"  title=\"Continue Reading Standard &#038; Poor\u2019s Settles Inflated Ratings Case for $1.5 Billion\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency Standard &amp; Poor\u2019s will pay $1.5 billion to settle a number of lawsuits accusing the company of inflating the ratings of mortgage securities in the lead up to the 2008 economic crisis. As part of the deal, S &amp; P\u2019s parent company McGraw Hill will pay $687.5 million to the U.S. Justice [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3845,3883],"tags":[],"class_list":["post-5747","post","type-post","status-publish","format-standard","hentry","category-credit-rating-agencies","category-standard-and-poors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Standard &amp; Poor\u2019s Settles Inflated Ratings Case for $1.5 Billion &#8212; Investor Lawyers Blog &#8212; February 3, 2015<\/title>\n<meta name=\"description\" content=\"Credit rating agency Standard &amp; Poor\u2019s will pay $1.5 billion to settle a number of lawsuits accusing the company of inflating the ratings of mortgage &#8212; February 3, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/standard-poors-settles-inflate\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Standard &amp; Poor\u2019s Settles Inflated Ratings Case for $1.5 Billion &#8212; Investor Lawyers Blog &#8212; February 3, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Credit rating agency Standard &amp; Poor\u2019s will pay $1.5 billion to settle a number of lawsuits accusing the company of inflating the ratings of mortgage &#8212; February 3, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Standard & Poor\u2019s Settles Inflated Ratings Case for $1.5 Billion &#8212; 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