S&P Faces Widening Litigation on Ratings as States Pile On

Standard & Poor’s may face widening litigation over credit ratings during the housing boom as states investigate the company and consider bringing new cases that would add to more than a dozen across the country.

New York Attorney General Eric Schneiderman and Massachusetts Attorney General Martha Coakley are conducting probes of S&P, which has been accused by the U.S. of defrauding investors.