The article attempts to provide a comprehensive review of the current common law and
statutory liability of credit rating agencies to investors. In the course of this analysis the authors …

Civil liability of rating agencies as provided for in Art. 35a of the newly amended EU-Rating
Regulation and as discussed in the preceding process of political consensus- building does …

Civil liability of rating agencies has to strike a balance between over-deterrence and overly
lax behavior control. The resulting problems of a capital market freeze and difficulties of proof…

Traditionally, credit rating companies (CRCs) seemed to be excluded from rules that lead from
corporate negligence to the obligation to compensate claimants for financial damage they …

The losses caused by the on-going financial crisis now exceed $4 trillion. This is in addition
to the associated social and economic costs that are more difficult to measure. From a …

… Blumberg, Wirth & Litsoukov argue that CRAs could be covered by the underwriter definition
in Section 11(a)(5) of the Securities Act. (Blumberg, Wirth & Litsoukov, The Liability of Credit …

… Comm'n). The crisis was so bad that many commentators referred to 2008 as "annus … "9
Mendales, supra note 20, at 1380 (" [I]n the increasing frenzy of the housing bubble, credit …

Most jurisdictions around the world do not have strong institutions in place to identify and
enforce financial misconduct. In this paper, we investigate whether financial accounting …

… creditworthiness was suspect because of weak North American operations performance due
to … Blumberg, Wirth, and Litsoukov argue that another potential source of CRA liability could …

Over the last two decades, there have been a number of financial crashes originated by the
financial industry. The Fed has managed to keep some of them from spreading widely into …