In the latest update in a $72 million residential mortgage-backed securities suit filed by CUNA Mutual Group against Standard & Poor's, a New York court has ordered the agency to turn over all relevant records.
According to a ruling filed Thursday with the U.S. District Court for the Southern District of New York, S&P must produce all documents in its electronic deal files connected to the RMBS certificates that were sold to CUNA Mutual by RBS Securities and rated by S&P.
Judge Naomi Reice Buchwald also requested all documents that show any evidence of pressure or coercion by RBS as well as files that indicate S&P's response to the alleged acts of pressure or coercion.
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