S&P Attorney Abrams on U.S. Lawsuit
Feb. 5 (Bloomberg) -- Floyd Abrams, a partner at Cahill Gordon & Reindel LLP, talks about a U.S. Justice Department lawsuit against McGraw-Hill Cos. and its Standard & Poor’s unit. The government alleges that S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.
Abrams is an attorney representing S&P in the lawsuit. He speaks with Sara Eisen on Bloomberg Television's "Lunch Money." (Source: Bloomberg)