Wall Street Law Firms Mobilize to Defend Credit Rating Agencies in SEC Recordkeeping Probe



Several Wall Street law firms have been tapped to defend credit rating agencies charged by the SEC for significant recordkeeping failures, according to a recent report. Among those involved are Sullivan & Cromwell, Bracewell, Davis Polk & Wardwell, Milbank, and Meeks, Butera & Israel. Notably, Moody’s Investors Service, which agreed to pay a $20 million civil penalty, turned to Sullivan & Cromwell partner Stephen Ehrenberg for representation. For more details, refer to the full article.