By Julian Bajkowski Global financial ratings agency Standard & Poors has vowed to fight fresh legal action against it to recover millions of dollars lost by dozens of Australian councils…
Tag: abn-amro
Councils to sue Standard & Poors in new action
By Julian Bajkowski Australian councils burned by toxic investments in collateralised debt obligations (CDOs) from collapsed bank Lehman Bros. have escalated their legal action and will try and rope-in ratings…
Lehman settlement for duped councils edges closer
By Julian Bajkowski Councils in New South Wales and Western Australia burned by the collapse of merchant bank Lehman Brothers could recoup around 45 cents in the dollar after liquidators…
NSW Councils win battle against Standard & Poors
By Julian Bajkowski A group of 12 New South Wales councils have scored a second vital win in the ongoing legal battle over how toxic financial instruments were deceptively marketed…