SACRAMENTO, Calif. (Legal Newsline) – California must immediately return more than $300 million transferred to the state's general fund from its share of billions of dollars paid by the country's largest mortgage services companies for their alleged roles in the subprime mess.
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).
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.
The city alleges that nearly 25 banks have colluded in auctions of Treasury securities, injuring it and “at least thousands” of others similarly situated.
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 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.
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.
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.
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.
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 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.
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.
