- Associated Press - Tuesday, February 3, 2015

LITTLE ROCK, Ark. (AP) - Arkansas Attorney General Leslie Rutledge says the state will receive $21.5 million as part of a settlement between Standard & Poors Financial Services and the federal government, 19 states and the District of Columbia.

Rutledge made the announcement Tuesday after the U.S. Justice Department said S&P; had agreed to pay a total of $1.375 billion to settle the lawsuit filed by Arkansas, the Department of Justice, the District of Columbia and 18 other states in 2013.

The lawsuit alleged Standard & Poors knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis in 2008.



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