Friday, July 09, 2010
The work of Scott C. Matasar and Robert N. Rapp, partners in the Securities Litigation group, on the risk modeling implications for potential rating agency liability to purchasers of subprime mortgage-backed securities, is cited in the June 2010 issue of the Minnesota Law Review. In the article, “Federal Preemption and Rating Agencies: Eliminating State Law Liability to Promote Quality Ratings,” author Timothy Sullivan cites Scott and Bob’s published work (2008 LexisNexis Emerging Issues 2966) in explaining the historical background of the rating industry and its role in the subprime mortgage crisis.