Reese v. McGraw-Hill Companies, Inc.

OPINION & ORDER

SIDNEY H. STEIN, District Judge.

This securities fraud action was filed on behalf of a putative class of former shareholders of The McGraw-Hill Companies, Inc. to recover losses incurred as a result of the company’s alleged misstatements made by Standard & Poor’s (“S & P”), its financial services division. Plaintiffs brought claims *618against McGraw-Hill and two of its executives—Harold McGraw III and Robert Ba-hash—pursuant to Section 10(b) and Rule 10b-5, as well as Section 20(a) of the Securities Exchange Act of 1934. This Court previously dismissed plaintiffs’ second amended…