On February 5, 2013, we posted a blog entitled U.S. Justice Department Sues S&P Over Deceptive Mortgage Securities Ratings, which detailed the U.S. Justice Dept. suit against S&P over its inaccurate ratings of mortgage securities. The lawsuit is said to be worth $5 billion.
In the wake of this, S&P hired San Francisco white-collar defense attorneys John Keker and Elliot Peters. These defense lawyers have represented many big names including Lance Armstrong and Enron’s former CFO Andrew Fastow.