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February 08, 2013


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Jennifer S. Taub

Tamara, also of interest is the SDNY decision in August.

Quoting: "At first blush, the New York cases appear to be in tension with Fait. In reality, there is no conflict — the New York cases do not treat credit ratings as pure statements of either fact or opinion but rather as a hybrid of the two. These opinions hold that ratings are actionable because they are understood to be statements of creditworthiness based on an analysis of underlying facts conducted by respected ratings organizations."


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