In United States v.McGraw-Hill Companies,Inc.referenced in the text,the U.S.Supreme Court addressed the question of whether the statements and ratings of companies made by Standard and Poor's,a unit of McGraw-Hill,were:

Question

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The U.S. Supreme Court addressed whether the statements and ratings by Standard and Poor's were considered "puffery," which refers to exaggerated or vague statements that are not meant to be taken literally or relied upon by investors.

In United States V