Moody’s Agrees to Settle Financial Crisis-Era Claims for $864 Million - News Summed Up

Moody’s Agrees to Settle Financial Crisis-Era Claims for $864 Million


Moody’s Corp. said Friday it agreed to pay $864 million to the U.S. Department of Justice and several states in connection with bond grades it issued before the 2008 housing-market collapse. The agreement marks what is expected to be the last in a series of deals in the waning days of President Barack Obama’s administration closing investigations into the financial crisis. Late last month, the Justice Department struck...


Source: Wall Street Journal January 14, 2017 00:55 UTC



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