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Violation Tracker Individual Record

Company: Moody's Corporation
Current Parent Company: Moody's
Penalty: $864,000,000
Year: 2017
Date: January 13, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The Department of Justice, 21 states, and the District of Columbia reached a nearly $864 million settlement agreement with Moody's Investors Service Inc., Moody's Analytics Inc., and their parent, Moody's Corporation resolving allegations arising from Moody's role in providing flawed credit ratings for Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDO) that contributed to the financial crisis.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: information technology
Specific Industry of Current Parent: information services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.