Category Archives: Lawsuit

Victims in mortgage case could get thousands

By doris | Published: December 27, 2011

Full Story at BottomLine.msnbc.msn.com Consumers who were victims of mortgage discrimination could get anywhere from $500 to thousands of dollars each as a result of a settlement announced Wednesday by the Justice Department. Under the deal, Bank of America’s Countrywide Financial unit is paying a record $335 million to settle civil charges that it discriminated [...]

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Poker site accused of $440 million Ponzi scheme

By doris | Published: September 20, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Federal prosecutors on Tuesday accused the operators of the online site Full Tilt Poker of operating like a Ponzi scheme, siphoning more than $440 million in gambler winnings to board members and owners. The U.S. Attorney’s Office for the Southern District of New York also charged PokerStars and [...]

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7 states join effort to block AT&T merger

By doris | Published: September 16, 2011

Full Story at BottomLine.msnbc.msn.com Seven states have joined a Justice Department antitrust lawsuit seeking to block AT&T Inc.’s proposed $39 billion acquisition of rival T-Mobile USA, officials said Friday. The move strengthens the federal case against the proposed merger, setting up another hurdle to completion of the deal. “We are pleased that these states have [...]

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Funeral services for Betty Ford set for next week

By doris | Published: July 11, 2011

Full Story atmews.Yahoo.com NEW YORK (Reuters) – Starbucks Corp on Monday won dismissal of a lawsuit by former assistant store managers in New York who accused the world’s largest coffee chain of cheating them out of customer tips. U.S. District Judge Laura Taylor Swain in Manhattan said the plaintiffs failed to show that they had [...]

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Boeing labor dispute turns into headache for Obama

By doris | Published: June 29, 2011

Full Story at msnbc.com WASHINGTON — The government’s labor dispute with Boeing Co. is turning into a political headache for President Barack Obama, giving his Republican rivals a fresh opening to bash the administration’s economic policies. From congressional hearings to presidential debates, outraged Republicans are keeping up a steady drumbeat of criticism over the National [...]

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Homeowners may gain ground in foreclosures

By doris | Published: October 11, 2010

Full Story at msnbc.msn.com SAN FRANCISCO — Feeling the weight of mortgages on two properties and several thousand dollars of credit card debt, Jason and Kristin Koontz filed for bankruptcy last year. The couple surrendered one property to foreclosure but say they were still making payments for their house in Mishawaka, Ind. EverHome Mortgage Co. [...]

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BP fund czar promises bigger, faster claims

By doris | Published: September 26, 2010

Full Story at news.Yahoo.com NEW ORLEANS – Victims of the Gulf of Mexico oil spill should start getting bigger payments faster, the administrator of the fund set up to help them said Saturday. Kenneth Feinberg said he was responding to criticism from residents and businesses. “Over the past few weeks, I have heard from the [...]

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BP claims could be under $20 billion

By doris | Published: September 15, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley. A Citigroup (C, Fortune 500) report said that analysts met with Dudley, who told them “that given current estimates of claims [...]

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Why J&J’s headache won’t go away

By doris | Published: August 19, 2010

Full Story at money.cnn.com FORTUNE — It was a humiliating moment. Congressman Edolphus Towns was upbraiding a top Johnson & Johnson executive. Certainly Towns (D-N.Y.), the chairman of the House Committee on Oversight and Government Reform, has browbeaten his share of CEOs and Wall Street titans. But it’s not the sort of thing that usually [...]

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GE paying $23M to settle Iraq kickback charges

By doris | Published: July 28, 2010

Full Story at msnbc.com WASHINGTON — General Electric Co. will pay $23.4 million to settle federal charges that some of its subsidiaries paid illegal kickbacks to the Iraqi government in order to win contracts under a U.N. program. The Securities and Exchange Commission said in a civil complaint filed Tuesday in federal court that GE [...]

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Dell and Intel: Big Tech behaving badly

By doris | Published: July 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Thursday’s $100 million settlement between Dell and the Securities and Exchange Commission was a reminder that the government is going after tech’s bad boys — and Intel is likely next on the feds’ list. According to the SEC’s complaint against Dell, Intel paid the computer maker rebates [...]

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Workers on doomed rig voiced safety concerns

By doris | Published: July 22, 2010

Full Story at msnbc.com WASHINGTON — A confidential survey of workers on the Deepwater Horizon in the weeks before the oil rig exploded showed that many of them were concerned about safety practices and feared reprisals if they reported mistakes or other problems. In the survey, commissioned by the rig’s owner, Transocean, workers said that [...]

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AIG settles longstanding fraud cases for $1 billion

By doris | Published: July 18, 2010

Full Story at money.cnn.com FORTUNE — The Ohio Attorney General’s office announced today that a class of three pension funds it represented in fraud complaints against AIG (AIG, Fortune 500) have settled with the federally-owned insurance giant for $725 million. The statement reads in part, “The settlement resolves allegations of AIG’s wide-ranging fraud from October [...]

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McDonald’s warned: Drop the toys or get sued

By doris | Published: June 23, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — A nutrition watchdog group is threatening to sue McDonald’s if the fast-food giant won’t stop using toys to to lure children to its Happy Meals . The Center for Science in the Public Interest said Tuesday that it has served McDonald’s notice of its intent to sue [...]

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