Following the filing of a lawsuit in New York Supreme Court by the Law Office of Ethan A. Brecher, LLC on behalf of a hedge fund that invests in TruPS CDOs seeking an order that Standard and Poors properly rate the CDOs, on December 22, 2015, “Standard & Poor’s withdrew most of its ratings on a type of security built from bank debt, two months after an investor sought a court order to require more “accurate” grades.”