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 in Germany, yet here was a significant assets of that company exists.
The BSZ eV trust attorney and lawyer specializing in banking and capital markets Jens- Peter Gieschen KWAG from the law firm representing the plaintiff: "Behind the brand, Standard & Poor's Hide ' a variety of businesses and companies 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. After we filed because of erroneous in our view ratings of that company in connection with the Lehman bankruptcy proceedings for damages before the Regional Court of Frankfurt, it seems 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 of the parent company (www.standardandpoors.com) called 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 have you here quickly stop all the tents and tried to cover up the tracks to a potential liability risk to go out of the way? " Proper may be that S & P untruthfully in the trial 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 negotiations we have presented various documents, which indicate clearly, in our view that, S & P Financial Services LLC "from the Frankfurt offices of S & P out on PRESS RELEASE acts German and European market, and staff and assets maintains.
Some 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, named as witnesses, "said Gieschen concluded.
can For more information to interested investors in the BSZ eV community of interest" Standard & Poor's (S & P) " join.
Photo: BSZ eV trust attorney Jens-Peter Gieschen, a lawyer specializing in banking and capital market law
Photo: BSZ eV trust attorney Jens-Peter Gieschen, a lawyer specializing in banking and capital market 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.
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