Michael Adler News
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Morgan Stanley said it settled suits brought by investors in two structured investment vehicles called Cheyne and Rhinebridge,
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McGraw-Hill Cos.’s Standard & Poor’s unit and Ambac Financial Group Inc. must face claims of negligent misrepresentation and unfair business practices in a lawsuit alleging they conspired to force local governments in California to purchase bond insurance they didn’t need.
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Moody’s Corp., the second-largest credit rating firm, issued “virtually identical” grades on the same structured products that compelled the Justice Department to sue its main competitor, Standard & Poor’s, according to researcher Height Analytics LLC.
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Miami’s roller coaster real estate market is booming again after its worst crash left dozens of unfinished buildings and failed condo projects.
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The Justice Department decision to sue Standard & Poor’s has investors asking why Moody’s Investors Service and Fitch Ratings weren’t targeted for awarding the same top grades to troubled mortgage bonds and other debt securities.
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Energy and technology companies are among non-financial firms granted a three-year reprieve from parts of European Union rules on over-the-counter derivatives, under a compromise deal backed by lawmakers yesterday.
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Moody’s Investors Service, Standard & Poor’s and Fitch Ratings are being investigated by the New York Attorney General over whether they breached a 2008 settlement with the state, a person familiar with the matter said.
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Wynn Resorts Ltd. Vice Chairman Kazuo Okada sued the casino operator for access to financial records in a dispute with the company over the use of funds.
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A U.S. appeals court temporarily halted enforcement of Alabama laws requiring unregistered immigrants to carry documentation and forcing schools in the state to track students’ immigration status.
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Pierre Cailleteau , who runs the group that assigns government credit ratings at Moody’s Investors Service, is leaving the firm.
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