Pursuits
Obama Meeting Cited by S&P in Fraud Case Demand for Files
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Standard & Poor’s said President Barack Obama met with Treasury Secretary Timothy Geithner just before Geithner warned the company to expect a response to its downgrade of U.S. debt, an event that justifies its request to see White House communications to help defend fraud claims.
The timing of Obama’s 2011 conference with Geithner may support S&P’s claim that the Justice Department’s fraud lawsuit against it last year was retaliation, the company said yesterday in a filing in federal court in Santa Ana, California.