William McGuinness comments to Bloomberg about lawsuits against debt-rating agencies

William McGuinness comments to Bloomberg about lawsuits against debt-rating agencies

New York litigation partner William McGuinness provides commentary in a Bloomberg article "Debt Raters Say Getting It Wrong Is Their Right" on the pending lawsuits against the debt-rating agencies that gave investment grade ratings to toxic debt. In response to the suits, the agencies claim they are protected by the First Amendment when they issue a debt rating opinion. Mr. McGuinness says, "Because this issue was coming up in a different environment and in a different setting, it's not clear that courts will give the same weight to First Amendment defenses that they once did."

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