Washington - The lawsuits that Connecticut Attorney General Richard Blumenthal filed against the three major rating agencies for allegedly violating antitrust practices by rating municipalities and their bonds lower than necessary have been moved from state to federal court.

Attorneys representing the three agencies - Moody's Corp., Fitch Inc., and McGraw-Hill Cos., the parent company of Standard & Poor's - confirmed that "removal petitions" were filed last Thursday and that the cases have been moved to federal court from the state Superior Court in Hartford where the lawsuits were initially filed in July.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.