Justice
104 results total, viewing 21 - 30
Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle fraud claims brought by the state’s top securities regulator. more
Royal Bank of Scotland Group PLC was ordered to pay $50 million by a federal judge in Connecticut as part of a settlement for rigging the London interbank offered rate. more
Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011. more
BOSTON – A former for-profit school in Massachusetts that abruptly closed in January has been sued over allegations that it engaged in a range of deceptive schemes to meet accreditation requirements and maximize profit to which it was not entitled, Attorney General Martha Coakley announced last week. more
Attorney General Peter F. Kilmartin announced Monday that Rhode Island will receive $213,126 as its share of a multistate and federal settlement with Endo Pharmaceuticals, a wholly owned subsidiary of pharmaceutical manufacturer Endo Health Solutions. more
Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, the U.S. said. more
BOSTON – A group of businesses that advertised themselves as nonprofit foreclosure-prevention organizations was sued for allegedly soliciting and spending more than $350,000 in illegal advance fees from distressed homeowners, Attorney General Martha Coakley announced this month. more
President Barack Obama recently took some heat for saying that marijuana is no worse than alcohol, and perhaps less dangerous “in terms of its impact on the individual consumer.” more
PROVIDENCE – U.S. Rep. James R. Langevin said he unwittingly made a profit on an investment scheme that preyed on terminally ill people and that he has since donated the money to charity, The Associated Press reported last week. more
Bank of America Corp. won’t face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the N.Y. Attorney General’s Office. more
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