Daily News: June 25, 2013

Bloomberg: U.S. Wants S&P Case to Go to Trial in Early 2015

Bloomberg reported that the U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial’s Standard & Poor’s unit over ratings on residential mortgage-backed securities.

The government seeks more than $5 billion in penalties from S&P, according to the filing, Bloomberg said.

To read the full Bloomberg article click here.