McGraw-Hill CEO says court judgment was misunderstood

By: Bloomberg News September 9, 2009

McGraw-Hill Cos. Chief Executive Officer Terry McGraw said stock investors had a "tremendous misunderstanding" of a court judgment last week. U.S. District Judge Shira Scheindlin in New York rejected ratings companies' arguments that investors can't sue over deceptive rankings of private-placement notes because those opinions are protected by free-speech rights. Shares of McGraw-Hill, which owns credit ...

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McGraw-Hill CEO says court judgment was misunderstood

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