Lawsuits by 16 U.S. states over S&P ratings ordered back to state courts
June 03, 2014 at 13:05 PM EDT
NEW YORK, June 3 (Reuters) - A federal judge ruled that lawsuits by 16 U.S. states accusing Standard & Poor's of fraudulently inflating its credit ratings belong in state courts, rejecting the McGraw Hill Financial Inc unit's argument that they should stay in federal court.