NEW YORK (MarketWatch) - McGraw-Hill Cos. MHP shares fell as much as 7% Tuesday on news the Department of Justice is filing a lawsuit against Standard & Poor's Ratings Service. The lawsuit focuses on ratings in 2007 for certain collateralized debt obligations by the rating agency that the Justice Department says misled investors and contributed to the collapse of the home mortgage market. Standard & Poor's have vigorously denied the allegations and said in a statement their analysts provided good-faith ratings. The two other major rating agencies, Moody's Corp.MCO and Fitch Ratings have not been charged by the government. McGraw-Hill was the biggest percentage decliner Tuesday in the S&P 500.
|PULSE: McGraw-Hill sells education unit for $2.4 billion (2013/3/22)|
|PULSE: McGraw-Hill seen reporting profit jump Tuesday (2013/4/29)|
|PULSE: McGraw-Hill swings to loss, outlines 2013 estimate (2013/2/12)|
|PULSE: McGraw-Hill says DOJ suit without merit (2013/2/12)|
|PULSE: Vitamin Shoppe shares tumble 17% on weaker sales (2013/2/26)|
|PULSE: C.H. Robinson shares tumble 10% on ratings cut (2013/2/6)|
|The McGraw-Hill Companies Announces $500 Million Accelerated Share Repurchase Transaction (2013/3/25)|
|Funds Affiliated with Apollo Acquire Common Shares of McGraw-Hill Ryerson Limited (2013/3/27)|
|McGraw-Hill Reports 4th Quarter And Full-year 2012 Results (2013/2/12)|
|The McGraw-Hill Companies Completes Sale of McGraw-Hill Education to Apollo (2013/3/22)|
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