BOSTON (Legal Newsline) — U.S. Attorney Carmen M. Ortiz for the District of Massachusetts, director Andrew J. Ceresney of the Division of Enforcement for the Securities and Exchange Commission (SEC) and U.S. Labor Secretary Thomas E. Perez have announced that State Street Bank and Trust Company will pay $382.4 million after allegations it deceived clients when giving indirect foreign currency exchange (FX) services.
OLYMPIA, Wash. (Legal Newsline) — Washington State Attorney General Bob Ferguson has asked a court judge to hold Tim Eyman and his political committees in contempt for their alleged failure to meet court-ordered deadlines in disclosing documents to the AGO. He further seeks a $2,000 penalty for every day Eyman continues to fail to meet that deadline.
BOSTON (Legal Newsline) — Massachusetts Attorney General Maura Healey has announced a formal application to the U.S. Department of Education, urging immediate cancellation of student loans for those allegedly victimized by the American Career Institute (ACI), a former for-profit school that closed in 2013.
WASHINGTON (Legal Newsline) — The Federal Communications Commission (FCC) has announced plans to fine AT&T $106,425 for allegedly charging two Florida school districts some of the highest telecommunications rates in the state, which is a violation of federal law and the FCC’s “lowest corresponding price” rule.
Two lower courts previously agreed with SunTrust that the class action lawsuit wasn’t possible because the plaintiff couldn’t opt out on behalf of others. The Atlanta bank claims its arbitration rejection clause is drafted in such a manner as to make it impossible for a class representative to act on behalf of class members.
WASHINGTON (Legal Newsline) — The Federal Trade Commission has announced an order requiring Mylan to divest the rights to two generic drugs, for muscle spasms and for epilepsy, in order to complete its acquisition of Swedish drug maker Meda. The order resolves complaints that the $7.2 billion acquisition would be anti-competitive.
WASHINGTON (Legal Newsline) — The U.S. Environmental Protection Agency (EPA) has announced its final determination that, under the Clean Air Act, greenhouse gas (GHG) emissions from certain types of aircraft engines contribute to the pollution that causes climate change and endangers the environment and the health of U.S. citizens.