NU Online News Service, June 27, 1:39 p.m. EDT
Rating agency Moody’s says a recent Supreme Court ruling in favor of Wal-Mart—and the high burden of proof it puts on future plaintiffs—is credit positive for corporate America, including insurers of corporate liability.
In its weekly credit outlook Moody’s says the decision to deny class-action status to a group of current and former female Wal-Mart employees alleging gender discrimination will also be positive for employment practices, errors and omissions, and general liability insurers.
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