The U.S. Department of Justice is preparing a civil complaint alleging violations of the Financial Institutions Reform, Recovery, and Enforcement Act, Moody’s said today in a statement, citing a Sept. 29 letter from the agency.

The investigation “remains ongoing and may expand to include additional theories,” and unspecified state attorneys general have told the company they expect to pursue similar claims that may expand in terms of time periods, theories, asset classes or activities, Moody’s said.  Read More…