US rating agency Egan-Jones is sued by fired whistleblowing executives [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Securities and Exchange Commission that the credit rating agency improperly let business concerns drive its ratings, including after last year's banking crisis. According to a complaint filed in Manhattan federal court, former chief risk officer Michael Brawer and former head of ratings Philip Galgano were let go in January for whistleblowing about conflicts of interest in Egan-Jones' ratings practices. They said their firings violated the federal Dodd-Frank Act's whistleblower protection provision, as well as New York labor law. Sean Egan, the agency's co-founder and chief executive, is also a defendant. Egan-Jones' general counsel Eric Mandelbaum said in an email: "We are aware of the lawsuit and will be defending the matter." The SEC declined to comment. Egan-Jones is one of 10 so-called nationally recognized statistical ratings organizations, a group that also includes Moody's Investors Service, S&P Global Ratings and Fitch Ratings. NRSROs assess the creditworthiness o
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MCO
News
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- MCO's page on the SEC website