Why the U.S. Justice Department must act against Moody's Corporation

Cash, Daniel (2016). Why the U.S. Justice Department must act against Moody's Corporation. Business Law Review, 37 (6), pp. 220-221.

Abstract

This short note discusses the importance of the decision facing the U.S. Justice Department in the near future regarding whether or not to take action against Moody’s Corp. for its actions in the lead-up to the Financial Crisis. Having already fined Standard & Poor’s a record $1.375 billion for defrauding investors, the Justice Department faces a much different proposition. This note establishes just some of the reasons why it is imperative that Moody’s is punished, even if ultimately the punishment is less noticeable than that given to Standard & Poor’s.

Publication DOI: https://doi.org/10.2139/ssrn.2820316
Divisions: Aston Business School
Additional Information: Cash, D. (2016). Why the U.S. Justice Department must act against Moody's Corporation. Business Law Review, 37(6), 220-221.
Full Text Link: http://www.kluw ... &id=BULA2016040
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Published Date: 2016-12-06
Authors: Cash, Daniel ( 0000-0002-4577-5972)

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