Posts Tagged ‘Connecticut’

State’s Consumer Protection Act key to forcing S&P settlement on bogus bond ratings

by Published: February 25,2015

Tags: Business, Connecticut, Jim Hood, Los Angeles Times, Mississippi, NEWS, S&P

By TED CARTER Mississippi’s Consumer Protection Act’s provision against making deceptive claims is credited as a key tool in extracting a $33 million settlement from Standard & Poor’s Ratings Service and parent McGraw-Hill Companies. The settlement announced Feb. 3 is part of agreement by which S&P’s Rating Services turns over $1.375 billion to put the litigation […] [...]

Mississippi to receive $33M from S&P settlement

by Published: February 3,2015

Tags: Business, Connecticut, Jim Hood, Mississippi, NEWS, S&P, Standard & Poor's

JACKSON — The state of Mississippi will receive $33 million from a national settlement with Standard & Poor’s over allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis in 2008. Attorney General Jim Hood says in a news release that Mississippi sued S&P in 2011, joining with […] [...]

Navy christens submarine Mississippi in Groton

GROTON, Conn. — With the smash of a champagne bottle, the Navy christened its newest submarine on Saturday as the Mississippi, the ninth member of a new generation of attack subs hailed as the world’s most complex pieces of machinery. A Navy band struck up “Anchors Aweigh” as the submarine’s sponsor, a deputy assistant Navy […] [...]

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