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Pastore & Dailey Successfully Secures Case Dismissal in Multi-Billion Dollar S&P Ratings Case

Published: June 21, 2018

In a high profile matter, Pastore & Dailey represented a senior executive of S&P, formerly McGraw Hill Financial Inc., in connection with claims brought by shareholders against S&P and its executives related to the financial services agency’s ratings of RMBS during the 2008 financial crisis.  Cahill Gordon was co-counsel.  The lower court rejected the shareholders’ arguments, and the New York Appellate Court affirmed and rejected the appeal in its entirety.  The Court also found that the claims were barred under the six-year or three-year statute of limitations.