American Signature, Inc. v. Moody's Investors Services, Inc.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK AMERICAN SIGNATURE, INC. and SEI, INC., Plaintiffs, MEMORANDUM OPINION & ORDER - against - 10 Civ. 5095 (PGG) MOODY’S INVESTORS SERVICES, INC., THE MCGRAW-HILL COMPANIES, INC., d/b/a Standard & Poor’s Rating Services, and STANDARD & POOR’S FINANCIAL SERVICES, LLC, Defendants. PAUL G. GARDEPHE, U.S.D.J.: This case centers on allegations that certain credit rating agencies assigned false and misleadingly high ratings to auction rate securities. Plaintiffs American Signature, Inc. and SEI, Inc. bring this action against The McGraw-Hill…