First Equity Corp. of Florida v. Standard & Poor's Corp.

OPINION AND ORDER

MUKASEY, District Judge.

Defendant Standard & Poor’s moves for summary judgment pursuant to Rule 56, Fed.R.Civ.P., dismissing plaintiffs’ claim for fraud, the only claim remaining in this action. For the reasons set forth below, that motion is granted.

I

This action arises out of an alleged error printed in defendant Standard & Poor’s publication Standard Corporation Records (“Corporation Records") which contains descriptions of the terms and provisions of corporate bonds. Plaintiff First Equity is a Florida broker and investment advisor which subscribed to Corporation Records;…