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Southern District grants in part and denies in part the rating agencies' motion to dismiss in subprime suit

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 9 2009

By orders dated September 1, 2009 and October 15, 2009, the U.S. District Court for the Southern District of New York granted in part, and denied in part, the defendants motion to dismiss in Abu Dhabi Commercial Bank et al v. Morgan Stanley et al, which names as defendants Moody’s Corporation (“Moody’s”) and McGraw Hill Companies (“McGraw Hill”) (collectively, the “Rating Agencies”