US seeks more than $5 bln in suit against S&P -att... |
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U.S. Politics

  • US seeks more than $5 bln in suit against S&P -attorney general

    WASHINGTON, Feb 5 (Reuters) - The U.S. government is seeking more than $5 billion in a lawsuit against rating agency Standard & Poor's over mortgage bond ratings, U.S. Attorney General Eric Holder said on Tuesday.

    The civil suit against S&P and its parent McGraw-Hill Cos Inc is the first federal enforcement action against a credit rating agency over alleged illegal behavior related to the 2007-2009 U.S. financial crisis.

    (Reporting By Aruna Viswanatha and Emily Stephenson; Editing by Gerald E. McCormick)
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Iraqi Kurds say they captured town near Mosul

BAGHDAD Kurdish fighters said they had taken the town of Bashiqa near Mosul from Islamic State on Sunday as coalition forces pressed their offensive against the jihadists' last stronghold in Iraq.