In re Standard & Poor’s Rating Agency Litigation, No. 13-MD-2446 (S.D.N.Y., Feb. 26, 2014)
A number of states filed consumer protection cases against the rating agency Standard & Poor’s in their state courts, seeking injunctive and equitable relief, but not damages. The cases were removed by the defendants to federal court, and the states have moved for remand. The court is considering those motions. In the meantime, discovery is…
A.D. Bedell Wholesale Co., Inc. v. Philip Morris, Inc., 263 F.3d 239 (3d Cir. 2001), cert. denied, 534 U.S. 1081 (2002)
Tobacco manufacturers challenged the Master Settlement Agreement as an anticompetitive practice that violated the antitrust laws. The states argued it was protected by state action immunity. The court held it was not state action.
