S&P makes case to shift lawsuits from state to federal level

04/3/2013 | Reuters

Standard and Poor's says the fraud lawsuits against it by 16 U.S. states should be moved to federal court. The move would limit S&P's liability, and would avoid a "patchwork of potentially overlapping and inconsistent injunctions," the company says. The results of recent court cases mean the effort might be difficult, legal experts say.

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