McGraw-Hill Tumbles Most Since ’87 as U.S. Prepares S&P Lawsuit
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McGraw-Hill Cos. tumbled the most in 25 years as the parent of Standard & Poor’s said it expects to be sued by the U.S. over inflated mortgage-bond rankings that helped ignite the worst financial crisis since the Great Depression.
McGraw-Hill fell 13.8 percent yesterday to $50.30 in New York trading, the most since the stock market crash in October