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S&P to pay NC $21.5 million in settlement (access required)

RALEIGH – Standard and Poor’s will pay $21.5 million to North Carolina to resolve the Attorney General’s state lawsuit claiming the company inflated ratings for risky securities and misrepresented its objectivity before the 2008 financial crisis, Attorney General Roy Cooper said Tuesday. “Good ratings led investors to make bad bets on risky securities, contributing to job ...

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