LG FFM decide on the admissibility of the action against CRA. On 23 February has been the first hearing in the compensation process of an investor against the rating agency Standard & Poor's (S & P). Here, the relevant chamber of the Landgericht Frankfurt am Main, first has to rule only on questions of admissibility. S & P defends itself against the lawsuit so far mainly with the argument that such a procedure would be to lead in the U.S. and German courts had no jurisdiction. The defendant "S & P Financial Services LLC has its headquarters in New York and hold no offices still here in Germany is a significant asset of that company was present.
The BSZ eV trust attorney and lawyer specializing in banking and capital markets Jens-Peter Gieschen of the Registry KWAG representing the plaintiff: "Behind the brand, Standard & Poor's hide ', a large number of companies and societies that meet the differing purposes and tasks. Thus, S & P Financial Services LLC 'within this conglomerate responsible for what we in the media, the term, rating' know. Having the failing in our view ratings of that company in Related to the Lehman bankruptcy proceedings for damages before the Regional Court of Frankfurt have submitted, it appears the German soil for S & P to have become too hot. "Indeed, S & P has an office in Frankfurt, also know as Office on 'the website the parent company (www.standardandpoors.com), is, however, there are - so the argument by the attorneys of S & P in the process - only companies to be established, which is identical neither with the defendant were still working for that also use the defendant. neither this office nor have employees or assets in this location.
'Are there any credit rating agency S & P at the end not in Germany? "Asks not Gieschen only lawyer." Or you have here quickly stop all the tents and tried to cover up the tracks to go to a potential liability risk out of the way ? Proper may be that S & P untruthfully in the trial can be present. KWAG has therefore encouraged the District Court of Frankfurt to make the files to the prosecutor because of the initial suspicion of (attempted) fraud process. Gieschen: "We will bring charges against S & P and their lawyers, if you continue trying, the court and to us for fools. In today's hearing We presented various documents that make clear in our view shows that, S & P Financial Services LLC "from the Frankfurt offices of S & P PRESS RELEASE acts on out German and European market where it maintains staff and assets.
Some of the documents bear, stating the staff from the Frankfurt office, including those phone numbers are copyright S & P Financial Services LLC: "It is clearly unlikely. Purely as a precaution, we have the Executive Board of Deutsche Börse and Deutsche Bank, which S & P maintains undisputed business, as witnesses named, "said Gieschen concluded.
For more information investors are concerned the BSZ eV community of interest" Connecting Standard & Poor's (S & P) ".
Photo: BSZ eV trust attorney Jens-Peter Gieschen, a lawyer specializing in banking and capital markets law
Photo: BSZ eV trust attorney Jens-Peter Gieschen, a lawyer specializing in banking and capital markets law
BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810
Internet: http://www.fachanwalt-hotline.eu/
This text is the contribution from 02/24/2011 again. Possible future changes of the facts are not considered.
0 comments:
Post a Comment