San Francisco County Superior Court
CPM represented 26 cities, counties, educational institutions and non-profits, including the UC Regents, City of San Jose, City of Riverside, and Sacramento Municipal Utility District against bond insurers and credit rating agencies, including Ambac, MBIA, and Standard & Poor’s, alleging the defendants conspired to suppress the plaintiffs’ credit ratings to compel them to purchase costly insurance to enhance the ratings of their bond issuances.
