AIG to pay nearly $1 billion to shareholders in class-action settlement
A judge for the US District Court for the Southern District of New York gave final approval Friday to a $970.5 million settlement for shareholders of the insurance giant American International Group (AIG) to settle claims [NYT...
New York judge approves Bank of America settlement over mortgage-backed securities
A New York state judge on Friday approved an $8.5 billion settlement between Bank of America (BOA) and almost two dozen mortgage securities investors, holding that the 2011 agreement was reached in good faith. In a 54-page...
A judge for the US District Court for the Southern District of New York on Wednesday approved the $115 million settlement between American International Group Inc. (AIG) shareholders and the company's former CEO and other...
Federal judge approves $25 billion mortgage foreclosure settlement
A judge for the US District Court for the District of Columbia has approved a $25 billion settlement agreement to address mortgage loan servicing and foreclosure abuses. The settlement was between US Attorney General Eric...
DOJ, HUD, state AGs file foreclosure settlement in federal court
The US Department of Justice (DOJ), the Department of Housing and Urban Development (HUD) and 49 state attorneys general on Monday filed in federal court a proposed $25 billion settlement agreement with the nation's five...
Federal, state AGs reach agreement in foreclosure investigation
US Attorney General Eric Holder, along with Department of Housing and Urban Development Secretary Shaun Donovan and 49 state attorneys general announced Thursday that a $25 billion agreement was reached with the nation's...
Attorneys general from all 50 states and the District of Columbia announced Wednesday that they have formed a bipartisan group called the Mortgage Foreclosure Multistate Group (MFMG), which will be investigating allegations of procedural defects committed...
A judge for the US District Court for the Southern District of New York on Monday ruled that a securities fraud class-action lawsuit against American International Group (AIG) can move forward. Judge Taylor Swain refused...
Treasury secretary Geithner promises swift implementation of financial reform law
Speaking to a crowd of students and businesspeople at New York University's Stern School of Business on Tuesday, US Treasury Secretary Timothy Geithner promised a rapid rollout of new rules mandated by the Restoring Financial...
The US Department of Justice (DOJ) has decided not to file charges against former American International Group (AIG) executive Joseph Cassano, according to prosecutors from the US Securities and Exchange Commission (SEC) on...
