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FEDERAL BANK v. MOODY'S CORP.

Docket No. 656707/2017. Motion Seq. No. 001.

68 Misc.3d 615 (2019)

127 N.Y.S.3d 228

2019 NY Slip Op 30921

FEDERAL HOME LOAN BANK OF BOSTON, Plaintiff, v. MOODY'S CORPORATION et al., Defendants.

Supreme Court, New York County.

Decided March 25, 2019.

Attorney(s) appearing for the Case

Keller Rohrback L.L.P., New York City (David S. Preminger, Derek W. Loeser and Gary A. Gotto of counsel), for Moody's Corporation and another, defendants.

Satterlee Stephens LLP, New York City (James J. Coster, Joshua M. Rubins, Glenn C. Edwards and Nathan J. Berkebile of counsel), for plaintiff.

OPINION OF THE COURT

This is a common-law fraud case. Plaintiff Federal Home Loan Bank of Boston (the FHLBB) alleges that defendants Moody's Corporation and Moody's Investors Service, Inc. (collectively, Moody's) committed fraud by intentionally understating the risk and overstating the creditworthiness of certain private...

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