Defendant Name:
Morningstar Credit Ratings, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-25409
Document Details
Legal Case Name
SEC v. Morningstar Credit Ratings, LLC
Document Name
SEC Obtains Final Judgment Against Former Credit Rating Agency Charged with Disclosure and Internal Controls Failures Relating to Undisclosed Model Adjustments
Document Date
07-Jun-2022
Document Format
Civil Proceeding
Case Number
21-cv-01359
Federal District Court
New York, Southern District of New York
Allegation Type
Other
Document Summary
The SEC stated that: "On June 7, 2022, the U.S. District Court for the Southern District of New York entered a final judgment against defendant Morningstar Credit Ratings, LLC ("Morningstar"), a credit rating agency that the SEC charged with violating disclosure and internal controls provisions of the federal securities laws in rating commercial mortgage-backed securities(CMBS) from 2015 to 2017."
Disgorgement & Penalty Information
Resolutions
None Specified
Monetary Penalties:
Civil Penalty
Individual:
$1,150,000.00
Shared: