The McGraw-Hill Companies, Inc. - Securities Class Action

Company and Case Information

IMPORTANT INFORMATION | INDEX OF FILINGS | SEARCH

Home

Index of Filings

News and Press Releases

Filings

Decisions

Settlements

Litigation Activity Indices

Top Ten List

Annual/Quarterly Updates

Clearinghouse Research

Articles & Papers

Search

Related Sites

About Us

Local Rules

Sponsors

Register

_______________
Copyright (c) 2001
Stanford Law School

The McGraw-Hill Companies, Inc. Summary: The original Complaint charges McGraw-Hill’s Chief Financial Officer and Executive Vice President of with violations of federal securities laws. Plaintiff claims that defendant's misleading statements or omissions concerning McGraw-Hill's business and operations caused the Company's stock price to become artificially inflated, inflicting damages on investors. Specifically, the Complaint alleges the defendant misrepresented or failed to fully disclose that McGraw-Hill's subsidiary Standard & Poor's assigned excessively high ratings to bonds backed by risky subprime mortgages -- including bonds packaged as collateralized debt obligations -- which was materially misleading to investors concerning the quality and relative risk of these investments.

According to a press release dated February 14, 2008, in an order handed down on Monday, Judge Colleen Kotelly of the U.S. District Court for the District of Columbia appointed the Boca Raton Firefighters and Police Pension Fund as lead plaintiff in the securities class action suit. She named the fund's attorneys, from Coughlin Stoia, lead counsel. In naming lead plaintiff and counsel, Judge Kotelly granted the Boca Raton fund leave to amend the complaint in the case, setting an April 16 deadline for any changes.

Plaintiffs filed the First Consolidated Complaint on May 7, 2008. The complaint adds the Company as well as the current President and CEO to the defendants list. On June 18, 2008, the judge transferred the case from the U.S. District Court for the District of Columbia to the U.S. District Court for the Southern District of New York.

After being transferred plaintiffs filed a Amended Consolidated Class Action Complaint on December 3, 2008. On February 3, 2009, the defendants filed a motion to dismiss the Amended Consolidated Class Action Complaint. The motion is currently pending before the Court.

On June 30, 2010, the Court ordered the plaintiffs to file a Second Amended Consolidated Complaint and the motions to dismiss were denied as moot. On July 1, 2010, the plaintiffs filed a Second Amended Complaint.

INDUSTRY CLASSIFICATION:
SIC Code: 2731
Sector: Services
Industry: Printing & Publishing

COMPANY/ISSUER NAME:	The McGraw-Hill Companies, Inc.
COMPANY/ISSUER TICKER:	MHP
COMPANY WEBSITE:	http://www.mcgraw-hill.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Claude A. Reese, et al. v. Bahash, et al.

COURT: D. District Columbia	DOCKET NUMBER: 07-CV-01530
JUDGE NAME: Hon. Colleen Kollar-Kotelly
DATE FILED: 08/28/2007	SOURCE: Notice of Filing
CLASS PERIOD START: 07/25/2006	CLASS PERIOD END: 08/15/2007
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Freeman, Wolfe & Greenbaum, P.A. 409 Washington Avenue Suite 300, Towson, MD, 21204 (voice) 410.321.8400, (fax) 410.321.8407, lawyers@fwglaw.com O'Rourke Katten & Moody 161 North Clark Street, Suite 2230, Chicago, IL, (voice) 312.849.2020, (fax) , info@okmlaw.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Complaint For Breach of Fiduciary Duty - Jury Trial Demanded
Type: Complaint		Date on the document: 08/28/2007
Order
Type: Order Appointing LP/LC		Date on the document: 02/11/2008
Consolidated Class Action Complaint For Securities Fraud
Type: Complaint		Date on the document: 05/07/2008
U.S. District Court Civil Docket
Type: Docket		Date on the document: 08/06/2008

REFERENCE COMPLAINT

Claude Reese, et al. v. The McGraw-Hill Companies, Inc., et al.

COURT: S.D. New York	DOCKET NUMBER: 08-CV-07202
JUDGE NAME: Hon. Sidney H. Stein
DATE FILED: 07/01/2010	SOURCE: Docket
CLASS PERIOD START: 10/21/2004	CLASS PERIOD END: 03/11/2008
TYPE OF COMPLAINT: Second Amended and Consolidated
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Coughlin Stoia Geller Rudman & Robbins LLP (Boca Raton) 120 East Palmetto Park Road, Suite 500, Boca Raton, FL, 33432 (voice) 561.750.3000, (fax) 561.750.3000, Coughlin Stoia Geller Rudman & Robbins LLP (D.C.) 1100 Connecticut Avenue, N.W., Suite 730, Washington, DC, 20036 (voice) 202.822.6762, (fax) 202.828.8528, info@csgrr.com/ Coughlin Stoia Geller Rudman & Robbins LLP (Melville) 58 South Service Road, Suite 200, Melville, NY, 11747 (voice) 631.367.7100, (fax) 631.367.1173, info@csgrr.com/ _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE REFERENCE COMPLAINT
Lead Plaintiff's Amended Consolidated Class Action Complaint For Securities Fraud
Type: Complaint		Date on the document: 12/03/2008
U.S. District Court Civil Docket
Type: Docket		Date on the document: 03/29/2010
Lead Plaintiff’s Second Amended Consolidated Class Action Complaint For Securities Fraud
Type: Other		Date on the document: 07/01/2010

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

WARNING AND DISCLAIMER OF LIABILITY:
The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. Neither Stanford University, Stanford Law School, nor any of their employees, agents, contractors, or affiliates warrant the accuracy or completeness of the information or analyses displayed herein, and we caution all readers that inclusion of any information on this site does not constitute an endorsement of the truthfulness or accuracy of that information. In particular, this Web site contains complaints and other documents filed in federal and state courts, which make allegations that may or may not be accurate. No reader should, on the basis of information contained in or referenced by this Web site, assume that any of these allegations are truthful.

Go to Search page | Go to Case Index page | Back to Top

�