Diego J. Arredondo Quoted in Law360 Article “Attorneys Weigh In On DOJ’s $1.38B Settlement With S&P”
Diego J. Arredondo, associate in the Miami office, was quoted in Law360 article “Attorneys Weigh In On DOJ’s $1.38B Settlement With S&P.”
“The Department of Justice has picked up where the SEC left off. S&P will ultimately pay for not playing by rules promulgated by the United States government with respect to conflicts of interest playing a role in the ratings of securities, ratings on which individual investors rely. It will be interesting to see how relations between S&P and the United States are going forward, with the United States operating as both
regulatory body and market participant.”
Read the complete story (subscription required).