{"id":5819,"date":"2015-08-04T00:00:00","date_gmt":"2015-08-04T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/08\/former_standard_poor_executive"},"modified":"2022-05-06T15:50:17","modified_gmt":"2022-05-06T20:50:17","slug":"former-standard-poor-executive","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-standard-poor-executive\/","title":{"rendered":"Former Standard & Poor Executive\u2019s Case Against the SEC Over In-House Judge Can Proceed"},"content":{"rendered":"

A U.S. district court judge says that Barbara Duka\u2019s lawsuit against the Securities and Exchange Commission can move forward. Duka used to be the head of Standard & Poor\u2019s commercial mortgage-backed securities<\/a> group. She is challenging the regulator\u2019s decision to appoint an administrative law judge to preside over its securities fraud case<\/a> against her. Duka wants her case heard in federal court.<\/p>\n

The SEC claims that the former S & P executive hid the way the credit ratings agency had relaxed its requirements for calculating certain commercial mortgages. Their lawsuit against her came just as S & P consented to pay $77 million to resolve related charges by the regulator and the attorneys general of Massachusetts and New York.<\/p>\n

Issuers and investors were not happy when in 2011 S & P withdrew a preliminary rating on a $1.5 billion security. Following a partial restructuring, that deal later went to market. The SEC would go on to launch probes into why the rating was pulled, and also into six other deals that were rated that year. The SEC\u2019s own internal probe uncovered inconsistencies in the methodologies for the way S & P rated existing and new deals.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A U.S. district court judge says that Barbara Duka\u2019s lawsuit against the Securities and Exchange Commission can move forward. Duka used to be the head of Standard & Poor\u2019s commercial mortgage-backed securities group. She is challenging the regulator\u2019s decision to appoint an administrative law judge to preside over its securities fraud case against her. Duka […]<\/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":[3761],"tags":[3537],"class_list":["post-5819","post","type-post","status-publish","format-standard","hentry","category-securities-and-exchange-commis","tag-in-house-judge"],"yoast_head":"\nFormer Standard & Poor Executive\u2019s Case Against the SEC Over In-House Judge Can Proceed — Investor Lawyers Blog — August 4, 2015<\/title>\n<meta name=\"description\" content=\"A U.S. district court judge says that Barbara Duka\u2019s lawsuit against the Securities and Exchange Commission can move forward. 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