Top News

Banks sued for manipulating LIBOR

Shaun Zinck May 21, 2015, 2:30pm

A series of different banks have been sued over allegations the banks conspired to fix interest rates.

Mass. AG announces $36.1 million settlement with Barclays

Bryan Cohen Sep. 11, 2013, 7:22pm

BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced a $36.1 million assurance of discontinuance on Monday with Barclays Bank PLC to resolve allegations of unfair securitization practices.

City sues banks to recover for financial harm caused by alleged LIBOR suppression

Jessica M. Karmasek Jul. 30, 2013, 7:40pm

PHILADELPHIA (Legal Newsline) -- The city of Philadelphia is suing a group of Wall Street banks responsible for setting the London InterBank Offered Rate, alleging that the banks' efforts to suppress LIBOR caused "significant financial harm" to the city and many others.

Funds from lending settlement being spent

Bryan Cohen Aug. 28, 2012, 1:26pm

Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced the distribution on Friday of $1.75 million worth of payments from Sand Canyon, an H&R Block Inc. subsidiary, as part of a settlement to resolve discriminatory lending allegations.

Mass. AG wants Fannie Mae, Freddie Mac to modify home loans

Bryan Cohen Feb. 7, 2012, 1:21pm

Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced on Friday that she has sent a letter urging Fannie Mae and Freddie Mac to engage in principal forgiveness and loan modifications for homeowners.

Coakley settlement worth $52 million

Bryan Cohen Nov. 28, 2011, 1:00pm

Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced a $52 million settlement on Monday with RBS Financial Products Inc. to settle allegations that it financed, purchased and securitized presumptively unfair residential loans.

Feds sue over losses to Fannie Mae and Freddie Mac

Jessica M. Karmasek Sep. 6, 2011, 10:46am

Masto WASHINGTON (Legal Newsline) - The Federal Housing Finance Authority on Friday filed lawsuits against 17 financial institutions to recover losses to Fannie Mae and Freddie Mac.