Calpers lawsuit to test rating agency liability on SIV defaults

p14-calpers-jpg

A lawsuit filed by the California Public Employees' Retirement System (Calpers) against rating agencies over "wildly inaccurate" ratings of now-defunct structured investment vehicles (SIVs) has the potential to become a landmark case, litigators have said.

On July 9, attorneys for Calpers, the largest public pension fund in the US, filed suit at the Superior Court of California against Moody's Investors Services, the McGraw Hill Companies - parent of Standard & Poor's - and Fitch Ratings over al

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: