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

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: College of Business and Social Sciences > 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.
Last Modified: 26 Apr 2024 07:13
Date Deposited: 08 Nov 2016 11:15
Full Text Link: http://www.kluw ... &id=BULA2016040
Related URLs:
PURE Output Type: Article
Published Date: 2016-12-06
Accepted Date: 2016-09-15
Authors: Cash, Daniel (ORCID Profile 0000-0002-4577-5972)

Download

[img]

Version: Accepted Version

| Preview

Export / Share Citation


Statistics

Additional statistics for this record