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KM Financial Solutions | CORRECTED-S&P, others paid $157 mln to settle landmark Australian lawsuit
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CORRECTED-S&P, others paid $157 mln to settle landmark Australian lawsuit

29 Aug CORRECTED-S&P, others paid $157 mln to settle landmark Australian lawsuit

Posted at 09:06h in News by
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Standard & Poor’s and other
companies paid A$215 million ($157 million) to settle a lawsuit
in Australia where they were accused of overlooking risks when
awarding high ratings to opaque investments that imploded in the
global financial crisis.

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