Georgia has no plans to join other states’ pursuit of S&P
3:52 pm, February 11th, 2013
Georgia is not among a group of states suing Standard and Poor’s over its high ratings of troubled mortgage-backed securities.
“Georgia was not contacted about joining the lawsuit before it was filed, and has no plans to do so at this time,” said Britt Grant, Georgia Attorney General Sam Olens’ counsel for legal policy.
“General Olens is always concerned about allegations of malfeasance, however, and our office is closely monitoring the litigation,” Grant added.
The U.S. Department of Justice sued Standard & Poor’s on Feb. 4, and Connecticut Attorney General George Jepson is leading a multistate coalition that has joined the suit, according to Bloomberg News.