Judge Junks Lawsuit Against S&P
No, not that one. But gratifying all the same.
S&P had moved this summer to dismiss the IKB lawsuit, arguing the case is governed by German law that stipulates a three-year statute of limitations. The structured investment vehicle, called Rhinebridge, was created in mid-2007….
"We are pleased that the court granted our motion and dismissed the claims against us," said an S&P spokesman.
