Case Details for "Moody's Investor Services, Standard & Poor's, and Fitch Ratings "

Investigation of Moody's Investor Services, Standard & Poor's, and Fitch Ratings over losses suffered in savings and pension plans

Lawyers are investigating Moody's Investor Services, Standard & Poor's, and Fitch Ratings (collectively, the "Credit Rating Agencies") regarding losses suffered by retirement savings and pension plans that have lost a significant portion of their value as a result of the Credit Ratings Agencies' failure to accurately and appropriately value the credit risk of asset-backed and mortgage-backed securities involved in the subprime meltdown.

The investigation involves concerns that the Credit Rating Agencies contributed significantly to the recent market turmoil by underestimating the credit risk of structured investment vehicles and other structured products, notably subprime Residential Mortgage-Backed Securities ("RMBS") and Asset-Backed Securities Collateralized Debt Obligations ("ABS CDOs"). Plan fiduciaries have reported that in the absence of high credit ratings by the Credit Rating Agencies, they would not have invested in certain securities that have decimated plan assets.

Attorneys are interested speaking with fiduciaries of a retirement savings or pension plan, including a governmental or church plan, or a plan sponsored by a labor union, whose plan has suffered losses as a result of the actions of Moody's Investor Services, Standard & Poor's, Fitch Ratings, or any other credit rating agency

Posted on:07/16/2009
Company: Moody's Investor Services, Standard & Poor's, and Fitch Ratings
Affected Class: fiduciaries of a retirement savings or pension plan, including a governmental or church plan, or a plan sponsored by a labor union, whose plan has suffered losses as a result of the actions of Moody's Investor Services, Standard & Poor's, Fitch Ratings
Scope: Nationwide

Contact Us Regarding This Investigation:

First Name
Last Name
Email Address
Phone Number
State of Residence	Please select Outside of US or Canada Canada Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Palau Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming
Name of Company At Issue
Description / Explanation
Security Code Please enter the code provided in the text box to submit this form.