Skilled Healthcare Group Inc. asked a California judge to declare a mistrial or order a new trial over a jury’s $677 million damages award for claims the company improperly staffed its nursing homes.
Moody’s Investors Service Inc., Standard & Poor’s and Fitch Ratings asked a judge today to dismiss a lawsuit filed by two California investors who claim the companies gave inflated ratings to inferior bonds. The companies named the bonds “investment grade” to achieve more sales of their rating services and didn’t downgrade the bonds until Lehman filed for bankruptcy in 2008, plaintiff Ronald Grassi said.
Standard & Poor’s, Moody’s Investors Service and Fitch Ratings sought dismissal of a lawsuit by two
California investors, claiming they weren’t responsible for the plaintiffs’ investment decisions.