California Sues Standard & Poor’s for False Claims Act Violations

On February 5, 2013, California Attorney General Kamala Harris filed a lawsuit against Standard and Poor's Financial Services LLC and the McGraw-Hill Companies, Inc. , alleging violations of the California False Claims Act and other state law for inflating ratings of investments, which caused California's teachers public employees' pension funds, among others, to lose billions of dollars.   The suit seeks treble (triple the amount of) damages, civil penalties, and a permanent injunction.   Read the Attorney General's Complaint against S&P.

The Chanler Group, in association with the Hirst Law Group, represents whistleblowers who take action under the False Claims Act to report fraud committed against the federal and state governments.  We have years of experience representing whistleblower clients who uncover fraud of every kind perpetrated against our government including, health care fraud, contract fraud, and tax fraud.  Read more about our expertise in False Claims Act cases and how you can take action.