Justice
50 results total, viewing 11 - 20
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
Bank of America Corp. failed to win dismissal of two government lawsuits in which it’s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities. more
The U.S. Supreme Court dealt what may be a fatal blow to Aereo Inc. and its dream of transforming the television industry, ruling that the Barry Diller-backed Internet startup is violating broadcasters’ copyrights. more
Rhode Island Superior Court Judge Michael A. Silverstein has appointed a temporary receiver to oversee the Blue Grotto restaurant’s finances and assets, following the closure of the Federal Hill eatery earlier this month. 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
PROVIDENCE – A team of assessors from the Commission on Accreditation for Law Enforcement Agencies Inc. will examine all aspects of the R.I. State Police’s policy and procedures, management, operations and support services later this month as part of a so-called “Gold Standard Assessment,” the final step in the department’s Accreditation with Excellence reaccreditation process. more
A federal grand jury in Providence last week returned a 24-count indictment alleging that a Portsmouth-based compay, its owner and his wife marketed and sold in excess of $2 million worth of products not approved by the federal Food and Drug Administration. more
The Securities and Exchange Commission barred two Rhode Island-based brokers from the securities industry for their roles in a variable annuities scheme to profit from the imminent deaths of terminally ill individuals. 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
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