Illinois top court overturns 2013 state pension law on constitutional grounds
The Illinois supreme court on Friday overturned the 2013 Illinois Pension Law that attempted to reduce the state's pension deficit by eliminating automatic cost of living increases and extending the retirement age. The...
DOJ criticizes new white collar crime sentencing recommondations
The US Department of Justice (DOJ) on Thursday criticized the US Sentencing Commission after a federal panel introduced a proposal which would reduce prison time for white-collar criminals. The DOJ objected to the panel's ideas...
An Illinois judge on Friday ruled a law intended to fix the pension crisis in the state violates the Illinois constitution. Sangamon Country Circuit Judge John Belz ruled in favor of state employees and retirees...
Federal appeals court revives whistleblower lawsuit against JPMorgan
The US Court of Appeals for the Second Circuit on Thursday revived a whistleblower's lawsuit against JPMorgan Chase & Co. . In a unanimous decision, the court vacated and remanded a lower court's grant...
Federal judge approves final settlement in Wells Fargo investment case
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment...
A federal judge on Wednesday imposed a $1.27 billion penalty on Bank of America after a jury found them liable for mortgage fraud. Judge Jed Rakoff for the US District Court for the...
A former accountant for Bernard Madoff pleaded guilty Tuesday to charges connected to Madoff's multibillion dollar Ponzi scheme. Paul Konigsberg, a 78-year-old former senior tax partner at Konigsberg Wolf & Co and the last...
US Attorney General Eric Holder said on Monday that the Department of Justice (DOJ) is in the process of investigating several financial institutions and criminal charges may follow. In the video released by the DOJ,...
Five Madoff associates found guilty for connections to Ponzi scheme
A federal jury in the US District Court for the Southern District of New York on Monday returned a guilty verdict for five former associates of Bernard Madoff on charges they aided and profited...
The Oil Pollution Act of 1990 passed both houses of Congress by large margins and was signed into law by President George H.W. Bush in response to the Exxon Valdez spill in Prince William Sound, Alaska. It mandates detailed clean-up...
