Wall Street Journal |
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August 5, 2011
New York Attorney General Eric Schneiderman asked a New York state court judge to allow him to intervene in the recent $8.5 billion settlement between Bank of America Corp. and mortgage-bond investors, calling the proposed deal "unfair and inadequate" and "procedurally and substantively flawed."
Wall Street Journal |
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August 3, 2011
New York Attorney General Eric Schneiderman is poised to take the lead in inquiries by state officials into whether some banks properly charged state and local pension funds for thousands of currency transactions over the past decade.
JPMorgan Chase & Co and UBS AG, emboldened by a favorable court ruling, urged a federal judge to throw out many claims by the bankruptcy trustee seeking billions of dollars for victims of Bernard Madoff's Ponzi scheme.
Federal and state prosecutors have built a sorry record since the fall of Enron created a political incentive to pursue white-collar defendants, whether or not they've committed crimes.
Five former executives convicted in an allegedly fraudulent reinsurance transaction between AIG and Gen Re that was intended to boost the slumping stock price of AIG were granted a new trial yesterday.