Investor Loss? Another Deep Pocket to Sue

Posted on January 7, 2013 in Arizona Law Regarding Business and Real Estate

Back in 2002, when I broke the NCFE billion dollar bond fraud case, I sued Moody’s, Fitch and Standard & Poor’s. Portions of the case have been reported in National Law Books, See Parrett v. Bank One, N.A. (In re Nat’l Century Fin. Enters. Inv. Litig.), 323 F.Supp.2d 861, 878 (S.D. Oh. 2004).

My fellow lawyers were suspicious of such claims because, most efforts to hold ratings agencies liable for the financial crisis have failed, but on Thursday two institutional investors got the green light to go to trial with claims that they were misled by the top ratings that Moody’s, Standard & Poor’s, and Fitch gave to a $1.1 billion structured investment vehicle called Rhinebridge. District judge Shira Scheindlin in Manhattan also allowed the plaintiffs to proceed with their claims against Morgan Stanley, which structured and marketed Rhinebridge. We were right all along!

At the Arizona Law Firm of William A. Miller we handle this type of claim for investor loss. Call us at 602-319-6899 or visit us at 8170 North 86th Place Scottsdale, Arizona 85258. We have been representing victims of Fraud for 25 years.

We also handle, Breach of contract, Non-compete agreements, Non-disclosure agreements, Employee theft and embezzlement, Insurance purchases and enforcement of policy coverage, Negotiation and/or enforcement of commercial leases, Negligence and gross negligence resulting in losses, Intentional acts causing a company to suffer damages, Tortious interference with contractual relationships, Unjust enrichment, Real Estate fraud, Consumer fraud, Conversion/Theft, Intentional and/or negligent misrepresentation, Business torts and Real estate title & escrow.

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