Source: NYLJ September 16, 2010 - Subscription required for online access:
Civil Liability of Rating Agencies: Past Success, Future Danger?
Wednesday, September 15, 2010
By Jonathan S. Sack and Kefira R. Wilderman
Jonathan S. Sack and Kefira R. Wilderman of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer discuss how the Dodd-Frank Act greatly increases rating agencies' potential liability under the securities laws and how rating agencies are unlikely to fare as well in the courts as they previously have.
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