State lawsuits against Standard & Poor's over ratings on securities are bolstered by legal victories that Connecticut and Illinois have already won against the company, attorneys general for those two states said, Bloomberg News reported yesterday. Illinois and Connecticut defeated attempts by S&P to throw out their lawsuits, which were filed before the U.S. Justice Department and other states sued the company this month. Those decisions undercut a free-speech defense S&P has relied on, Illinois Attorney General Lisa Madigan and Connecticut’s George Jepsen said.
