New York News

New York Attorney General Eric Schneiderman is delaying his lawsuit against Bank of America and Wells Fargo over violations of a landmark mortgage settlement.

On Monday, former New York governors Mario Cuomo and George Pataki wrote an unusual joint opinion piece in The Wall Street Journal, calling on New York Attorney General Eric Schneiderman to drop threats that he will continue to seek injunctive relief against former AIG chief Hank Greenberg, even though the AG has already had to abandon damages claims because Greenberg reached a private settlement with investors in a securities class action. 

New York Attorney General Eric Schneiderman on Monday threatened to sue Bank of America and Wells Fargo for allegedly failing to help struggling homeowners under the $25 billion national mortgage settlement.

New York City pension funds sued BP Plc for at least $39 million in investment losses, saying the oil company failed to disclose the risks and safety issues leading to the 2010 Deepwater Horizon disaster in the Gulf of Mexico.

Attorneys for a former American International Group executive are pushing forward in an attempt to force New York state to disclose Eliot Spitzer's private emails in a test of the requirements of the Freedom of Information Law.

Wells Fargo & Co. said it will appeal a decision forcing it to defend a U.S. lawsuit over illegal mortgage practices. Wells Fargo has said it can’t be sued by the U.S. attorney in New York under the False Claims Act because it had already reached an agreement with the government that was approved last April.