Justice
76 results total, viewing 41 - 50
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
Attorney General Peter F. Kilmartin has directed $250,000 from Rhode Island’s share of the 2007 settlement of a Clean Air Act lawsuit to support the repair of Portsmouth’s broken 1.5-megawatt wind turbine. more
Attorney General Peter F. Kilmartin announced Wednesday that Rhode Island will receive $1.2 million as its share of a multistate settlement with GlaxoSmithKline LLC to resolve allegations that the company violated state consumer protection laws by misrepresenting its asthma drug Advair and antidepressant drugs Paxil and Wellbutrin. more
(Updated, 3:26 p.m.) The city has filed a federal lawsuit against Santander Bank alleging that the financial institution ​discriminated against the city’s minority communities by refusing to make prime mortgage loans ​as required by the Fair Housing Act, according to a press release from Mayor Angel Taveras. more
A report released Thursday by gun-violence prevention group Everytown for Gun Safety found that Rhode Island is among 12 states that have reported fewer than 100 records to the National Instant Criminal Background Check System designed to help keep individuals considered dangerously mentally ill from purchasing guns. more
The U.S. Supreme Court yesterday strengthened the Environmental Protection Agency in its drive to cut air pollution, a result critics warned would lead to costly regulations as the agency moves to curb global warming. more
Bank of America Corp. asked a judge to dismiss a U.S. Justice Department lawsuit in which it is accused of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities. more
Bank of America Corp. could post a second-quarter loss because of costs tied to resolving federal and state probes into the sale of mortgage bonds, according to Portales Partners LLC. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
Bank of America Corp. and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares. more
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