Justice
81 results total, viewing 31 - 40
Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis more
Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16- year-old accord over health care related costs. more
A case alleging racial and gender discrimination in the denial of a professor’s promotion has cost the University of Massachusetts Dartmouth nearly $1.2 million, the Boston Business Journal reported. more
Bank of America Corp. is nearing a settlement with the U.S. Justice Department after raising its proposed offer to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, according to people familiar with the talks. more
R.I. Superior Court Judge Michael A. Silverstein has approved the state’s $4.37 million settlement with the law firm Moses Afonso Ryan Ltd., denying objections by a number of other defendants in the 38 Studios lawsuit who challenged the constitutionality of the proposed settlement. more
Robert W. Shields, chairman of Narragansett-based political action committee Deepwater Resistance, has filed a complaint in R.I. Superior Court against the R.I. Coastal Resources Management Council and Deepwater Wind LLC. more
Alex and Ani LLC’s lawsuit in U.S. District Court alleging that eight defendants conspired to secure discounted Alex and Ani jewelry on behalf of retail distributors, and then later fraudulently resold the jewelry to BJ’s Wholesale Club Inc., has been allowed to proceed. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Aereo Inc., the streaming video startup that halted service after the U.S. Supreme Court ruled it violated broadcasters’ copyrights, said it believes it can still operate like a cable TV service after the decision. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
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