S&P to Argue Puffery Defense in First Courtroom Test
By Edvard Pettersson - Jul 8, 2013 12:00 AM ET .
Standard & Poor’s, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable investors wouldn’t have relied on its “puffery” about credit ratings.
more:
http://www.bloomberg.com/news/2013-07-08/s-p-to-argue-puffery-defense-in-first-courtroom-test.html

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