New York News
May 21, 2013
Wall Street Journal | Subscription Required | May 21, 2013
New York Attorney General Eric Schneiderman is delaying his lawsuit against Bank of America and Wells Fargo over violations of a landmark mortgage settlement.
May 14, 2013
ThomsonReuters | May 14, 2013
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.
May 13, 2013
Wall Street Journal | Subscription Required | May 13, 2013
New York's attorney general should use the Martin Act more wisely.
Reuters | May 13, 2013
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over its acquisition of Merrill Lynch - looks headed the same way.
May 7, 2013
Washington Post | May 7, 2013
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.
May 2, 2013
American Lawyer | Subscription Required | May 2, 2013
In a setback for a group of major banks, a Manhattan federal judge has enlarged two massive class actions brought on behalf of investors in mortgage-backed securities underwritten by Royal Bank of Scotland, Citigroup Inc., and UBS.
Wall Street Journal | Subscription Required | May 2, 2013
Did you hear the one about the lawyer who kept suing even after learning that he couldn't win any money? Last week New York Attorney General Eric Schneiderman finally withdrew the state's damages claim against former AIG CEO Hank Greenberg. But New York's top prosecutor has decided to keep suing anyway.
April 29, 2013
Bloomberg | April 29, 2013
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.
April 24, 2013
New York Law Journal | April 24, 2013
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.
April 12, 2013
Bloomberg | April 12, 2013
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.
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