In the News Today – January 22, 2014

In a court filing, Standard & Poor’s says that the government’s $5 billion lawsuit is in retaliation for the agency’s downgrade of the United States’ credit rating in 2011.  Reuters

JPMorgan is walking away from deals in China as FCPA investigations continue into the company’s hiring practices in the country.  Wall Street Journal ($)

Delaware is asking the U.S. Supreme Court to review a decision that put an end to the state’s private arbitration practice.  Attorneys for the state say the program tempered the growing costs and delays of resolving business disputes.  Reuters