U.S. Securities and Exchange Commission seal in Washington, D.C. Photo: Diego M. Radzinschi/ALM Several Wall Street Law Firms See Work From SEC's Latest Enforcement Actions
Moody's Investors Service, which agreed to pay a $20 million civil penalty, turned to S&C partner Stephen Ehrenberg.
September 04, 2024 at 03:32 PM
2 minute read
Securities Litigation
What You Need to Know
- The SEC announced enforcement action against six credit rating agencies on Tuesday.
- Sullivan & Cromwell; Bracewell; Davis Polk & Wardwell; Milbank; and Meeks, Butera & Israel were listed as defense counsel for the charged credit rating agencies.
- Its the latest example of work that Big Law firms have drawn in from the SEC's enforcement activities.
At least five law firms, including several Wall Street firms, were brought in to defend credit rating agencies that were charged by the SEC for significant recordkeeping failures.
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