Top News

Virginia attorney general announces $63 million recovery from 11 banks in fraud case

Mark Iandolo Jan. 26, 2016, 2:27pm

RICHMOND (Legal Newsline) — Virginia Attorney General Mark R. Herring announced the recovery of more than $63 million from 11 banks, settling allegations the banks misled the commonwealth of Virginia and the Virginia Retirement System (VRS).

Delaware AG proposes financial crisis settlement funds to be used to build communities

Mark Iandolo Jan. 5, 2016, 12:19pm

DOVER, Del. (Legal Newsline) – Delaware Attorney General Matt Den, backed by community leaders, has revised his proposal for using funds from the financial crisis settlement on crime prevention, housing, substance abuse treatment, after-school and summer school programs, prisoner re-entry, and education.

Professor/whistleblower sues Citigroup for $800 million, plans to donate to charity

Hanna Nakano Oct. 23, 2015, 8:09am

“My ultimate motivations are both justice, and the money that I’ll get, which I will be donating to charity,” Rasmusen said.

Pension groups sue several of the world's largest banks and securities groups over conspiracy allegations

Hoang Tran Oct. 20, 2015, 12:18pm

WHITE PLAINS (Legal Newsline) - Three Cleveland pension groups are suing several large banks and securities companies over conspiracy allegations.

Citigroup faces lawsuit from Indiana Univ. professor for allegedly underpaying taxes

Hoang Tran Oct. 19, 2015, 11:26am

An Indiana University professor is suing Citigroup over allegations of fraudulent statements and false records.

Providence files another antitrust lawsuit -- this time over U.S. Treasury securities

Jessica Karmasek Oct. 16, 2015, 10:26am

The city alleges that nearly 25 banks have colluded in auctions of Treasury securities, injuring it and “at least thousands” of others similarly situated.

Firefighter retirement plan files suit against banks over alleged manipulation, conspiracy

Hoang Tran Oct. 15, 2015, 2:38pm

A firefighter retirement and pension group is suing several large banks and securities companies over alleged violations of antitrust laws.

Several banks, securities groups face antitrust lawsuit

Hoang Tran Oct. 15, 2015, 1:59pm

WHITE PLAINS, N.Y. (Legal Newsline) - An employees retirement group is suing several large banks and securities companies over alleged violations of antitrust laws.

Citigroup to pay $4.5M for allegedly overcharging customers on their investment accounts

Legal News Line Sep. 1, 2015, 1:27pm

Citigroup will reimburse customers around the country more than $4.5 million as a result of a settlement with the state regarding overcharged fees on investment accounts, New York Attorney General Eric Schneiderman said on Wednesday.

Texas non-practicing entity files patent infringement lawsuits against 25 banks in two days

Jessica Karmasek Aug. 18, 2015, 9:50am

The company, which filed as a LLC in March, alleges the banks are illegally using its patent for verifying sales transactions.

S&P settles with feds, states for $1.5 billion

Legal News Line Feb. 5, 2015, 10:22am

WASHINGTON (Legal Newsline) - California is one of 19 states that will benefit from a $1.5 billion settlement with Standard & Poor's Financial Services, LLC (S&P) and its parent company after S&P allegedly inflated investment vehicle notes and mortgage-backed securities, it was announced on Tuesday.

S&P agrees to $1.5 billion settlement over financial crisis

Mark Payne Feb. 4, 2015, 12:19pm

California will benefit from a $1.5 billion settlement with Standard & Poor's Financial Services, LLC (S&P) and its parent company after S&P allegedly inflated investment vehicle notes and mortgage-backed securities, Attorney General Kamala Harris announced on Tuesday.

W.Va. U.S. Senate race: Capito overshadowing Tennant in money raised and in polls

David Yates Oct. 23, 2014, 1:13pm

CHARLESTON, W.Va. (Legal Newsline) – In a state predominately Democratic, West Virginians are primed to elect a Republican to the U.S. Senate for the first time in more than half a century.

Citigroup to return $16 million in fee overcharges

Ashley Perry Oct. 10, 2014, 2:00pm

YONKERS, N.Y. (Legal Newsline) - Citigroup Global Markets Inc. (CGMI) will return $16 million in overcharges to more than 31,000 of its customers nationwide as part of a settlement reached with New York Attorney General Eric Schneiderman.

Citigroup to return $16 million in fee overcharges

Ashley Perry Oct. 10, 2014, 10:52am

Citigroup Global Markets Inc. (CGMI) will return $16 million in overcharges to more than 31,000 CGMI customers nationwide as part of a settlement reached with New York Attorney General Eric T. Schneiderman announced on Thursday.

Va. AG sues 13 banks, seeks more than $1 billion

Melody Dareing Sep. 18, 2014, 3:54pm

Herring

Va. AG sues 13 banks on charges of mortgage fraud

Desk Sep. 18, 2014, 12:10pm

Virginia Attorney General Mark R. Herring filed a lawsuit against 13 banks seeking $1.15 billion in damages on accusations the banks fraudulently misled the Virginia Retirement System (VRS) during a sale of residential mortgage-backed securities to the state retirement fund.

Illinois will get $84 million in massive Citigroup settlement

Bryan Cohen Jul. 15, 2014, 6:10pm

Madigan

N.Y. AG reaches interim agreements with Wall Street firms

Bryan Cohen Feb. 28, 2014, 2:50pm

Schneiderman

Fifth Circuit says Hood's suits against credit card companies should stay in state court

Jessica M. Karmasek Dec. 5, 2013, 5:00pm

NEW ORLEANS (Legal Newsline) -- A federal appeals court ruled this week that Mississippi Attorney General Jim Hood's lawsuits against a group of credit card issuers should be returned to a state court.