Violation Tracker Individual Record

Company: 
Moody's Corporation
Current Parent Company: 
Moody's
Penalty: 
$426,500,000
Year: 
2017
Date: 
January 13, 2017
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

Moody's Corporation, a credit rating agency, agreed to pay $426.5 million to settle multistate litigation relating to alleged misconduct in inflating ratings of residential mortgage-backed securities. This was part of a larger $864 million settlement involving the federal government; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-moodys-cor...

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Attorneys General Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.