Recent News About Bloomberg
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Inflation – Manchin's litmus test for spending bill – will be around longer than expected
WASHINGTON – Sen. Joe Manchin always said inflation would be his guide in deciding on the massive Build Back Better bill. Now, a new report on inflation says it will stay with us for much longer than anticipated, further calling into question by some the addition of trillions more in federal spending. -
Lawsuit alleges massive bid-rigging scheme in NYC by Turner Construction, Bloomberg
NEW YORK (Legal Newsline) – Companies including Bloomberg L.P. are accused of a massive bid-rigging scheme to drive up the prices of construction in and around New York City. -
Virginia doesn't want one of Bloomberg's environmental prosecutors sent to its AG's office
RICHMOND, Va. (Legal Newsline) – Virginia’s two houses of its General Assembly have taken a stand against Bloomberg Philanthropies' attempt to hire environmental activist lawyers to sue major companies such as Exxon and Chevron over global warming. -
MORGAN LEWIS: Morgan Lewis Earns Top-10 Rankings in 2018 Year-End M&A Tables
Morgan Lewis has earned 22 top-10 rankings in the 2018 year-end M&A table rankings published by Bloomberg, Thomson Reuters, Mergermarket, and Buyouts. -
Using Bloomberg's activists to sue Exxon is ethics violation, group complains of N.Y. AG
NEW YORK (Legal Newsline) – A controversial program arming states with environmental activist prosecutors has led to an ethics complaint being filed against New York Attorney General Barbara Underwood. -
Nickel & Dime: eBay, online retailers warn SCOTUS could unleash lawsuit torrent vs sellers over taxes
Nickel & Dime: eBay, online retailers warn SCOTUS ruling could unleash torrent of lawsuits accusing sellers over taxes -
Kentucky judge allows disbarred attorney Lerach to stay on case
FRANKFORT, Ky. (Legal Newsline) – Judge Phillip Shepherd of Kentucky's Franklin Circuit Court rejected a motion April 17 by defendants asking whether disbarred attorney William S. Lerach should be prevented from working as a “pension consultant” in a major investment-gone-wrong lawsuit. -
NYU Law sending free help to 10 Dem AGs for environmental causes; Marcellus Shale group 'alarmed' at message
NEW YORK – Democratic state attorneys general, like Pennsylvania's Josh Shapiro, are getting free help from New York University School of Law to bolster their environmental causes, though a Commonwealth business advocacy group worries this results in important work being outsourced to an out-of-state entity. -
Priest and hedge fund manager files defamation lawsuit against Bloomberg over news article
Father Emmanuel Lemelson, the chief investment officer of Lemelson Capital Management, argues the article, published in March, has hurt his business and his standing within the Eastern Orthodox Church. Bloomberg had the lawsuit removed to a Massachusetts federal court in August. -
Report: Toyota enters into settlement talks over sudden-acceleration lawsuits
SANTA ANA, Calif. (Legal Newsline) -- Toyota Motor Corp. reportedly is entering into settlement talks over hundreds of lawsuits, both federal and state, alleging the company's vehicles suddenly accelerated, causing injuries and deaths. -
Lawsuit backer, former Ecuadorian judge testify in Chevron fraud trial
NEW YORK (Legal Newsline) -- A Philadelphia lawyer who helped finance pollution litigation in Ecuador against Chevron Corp. testified earlier this week that he wanted the plaintiffs in the case to settle. -
N.Y. AG drops damages claims against ex-AIG CEO
NEW YORK (Legal Newsline) -- New York Attorney General Eric Schneiderman told the state's high court last week that he is dropping damages claims against ex-American International Group Inc. Chief Executive Officer Maurice "Hank" Greenberg. -
Plaintiffs lawyers closely monitoring DePuy hip replacement suit
LOS ANGELES (Legal Newsline) -- Lawyers for plaintiffs suing over recalled DePuy hip replacements reacted this week to news that the replacements have a 37 percent failure rate after five years of use. -
Report: AGs now looking into alleged LIBOR manipulation
Schneiderman NEW YORK (Legal Newsline) - A group of state attorneys general are reportedly looking into an alleged manipulation of the London InterBank Offered Rate, or LIBOR. -
Report: N.Y. AG seeks to intervene in $8.5 billion bank settlement
Schneiderman NEW YORK (Legal Newsline) - New York Attorney General Eric Schneiderman is again coming out against a proposed $8.5 billion settlement between Bank of America and Bank of New York Mellon Corp. -
Texas will receive $61M in Risperdal settlement
Abbott AUSTIN, Texas (Legal Newsline) - Texas Attorney General Greg Abbott announced this week that Texas will receive a larger share than initially expected from a $158 million settlement with Johnson & Johnson that was approved by courts on Tuesday. -
Report: Cordray close to consumer protection deal with AGs
Cordray WASHINGTON (Legal Newsline) - The new director of the U.S. Consumer Financial Protection Bureau is reportedly close to finalizing an information-sharing pact with a group of state attorneys general. -
Report: Meeting on foreclosure deal set for next week
Miller DES MOINES, Iowa (Legal Newsline) - Democratic state attorneys general have been asked to attend a meeting with federal officials next week in hopes of gaining support for a proposed settlement with the nation's top mortgage servicers. -
Minn. AG weighs in on nationwide foreclosure settlement
Swanson SAINT PAUL, Minn. (Legal Newsline) - In a letter sent to the attorneys general of New York and Iowa on Friday, Minnesota Attorney General Lori Swanson said that banks shouldn't be protected from liability in connection with the nationwide foreclosure settlement. -
Nev. AG concerned with nationwide mortgage settlement
Masto CARSON CITY, Nev. (Legal Newsline) - Nevada's Catherine Cortez Masto is the latest attorney general to voice concerns over a possible settlement with the country's top mortgage servicers.