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Full Federal Court of Australia upholds Rating Agency duty of care to investors in rated product
Parker & Associates - Friday, August 29, 2014
On 6 June 2014, the Full Federal Court of Australia dismissed an appeal by Standard and Poors (“S&P”) against a decision of a single judge of the Federal Court holding that, as a matter of Australian common law, a rating agency owes a duty of care to investors in a rated financial instrument.
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