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Rhode Island announced Tuesday that it has banded with other states and the federal government in a $500 million dollar settlement with generic pharmaceutical manufacturer Ranbaxy that will recover $290,600 for Rhode Island’s Medicaid program.
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By Lindsay Lorenz |
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Rhode Island Supreme Court ruled to uphold Judge Michael A. Silverstien’s decision on the court cases related to the state of Rhode Island and the Lead Industries Association Inc., stating that Rhode Island was not responsible for paying the association’s court fees, Attorney General Peter F. Kilmartin announced Friday.
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By PBN Staff
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Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished.
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By Dakin Campbell and Donal Griffin |
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Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices.
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By David McLaughlin |
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Daniel E. Doyle Jr., executive director of the Institute for International Sport, has been indicted on 18 counts, including embezzlement and forgery.
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By PBN Staff
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Steward Health Care, the for-profit hospital network based in Boston, filed suit in Superior Court on May 1 against Blue Cross & Blue Shield of Rhode Island, alleging that the health insurer engaged in “unlawful attempted and actual monopolization of the market” caused the failure of Steward’s bid to purchase Landmark Medical Center.
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By Richard Asinof |
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Three college students have been arrested in connection with the Boston Marathon bombings, reported The Boston Globe, citing a law enforcement official familiar with the case.
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By PBN Staff
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Royal Bank of Scotland Group Plc will pay $10 million in fines and $3.9 million in restitution to settle two banking regulators’ claims that the lenders’ U.S. units deceived retail banking customers.
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By Jesse Hamilton |
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Bank of America Corp. urged a federal judge to throw out a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted.
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By Patricia Hurtado |
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The surviving Boston Marathon bombing suspect gained more than 1,500 supporters in a campaign proclaiming his innocence on VKontakte, Russia’s most popular social network.
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By Brad Cook |
