Federal appeals court rules Bank of America not liable for fraud
The US Court of Appeals for the Second Circuit on Monday overturned a 2013 jury verdict that found Bank of America liable for fraud and imposed a penalty of more than $1.2 billion. The Second Circuit...
Morgan Stanley agrees to $3.2 billion settlement with state and federal authorities
Morgan Stanley agreed Thursday to pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities. The charges come from an investigation by the Residential Mortgage-Backed Securities Group that...
How the Legal Community Can Lead the Way to Support Military Families
JURIST Guest Columnist Elizabeth Jamison, Esq. of the Military Spouse JD Network discusses the plight of the military spouse attorney and the need for changes to the current licensing structure ... Earlier this year a series of online threats from...
The US Supreme Court on Monday dismissed the case of Public Employees' Retirement System of Mississippi v. IndyMac MBS, Inc. , a dispute involving the time allowed to file lawsuits claiming false information during...
Sub-prime loan practices began in the mid-1980s as lawmakers sought to increase housing opportunities. Prior to this, many Americans were unable to purchase a home due to credit scores below 550. Census data compiled by the Federal Reserve shows that...
ACLU sues Morgan Stanley for discriminatory lending practices
The American Civil Liberties Union (ACLU) on Monday filed a lawsuit against Morgan Stanley over allegedly discriminatory practices leading up to the housing crisis of 2008. According to the ACLU, between...
An Italian court in Milan on Monday acquitted four banks charged with failing to have adequate steps to prevent the 2003 Parmalat SpA dairy empire crash. Parmalat collapsed under 14 billion euros in debt...
The New York Court of Appeals on Tuesday dismissed a lawsuit against bond insurance company MBIA alleging breach of contract brought by several of the world's largest financial institutions. The lawsuit challenged the break-up...
Italy court convicts former Parmalat owner over fraudulent bankruptcy
A court in the Italian town of Parma on Thursday convicted the founder and former chief executive of dairy giant Parmalat SpA , Calisto Tanzi , for the company's fraudulent bankruptcy, sentencing him to...
Supreme Court rules on standard for challenges to electricity contracts
The US Supreme Court on Wednesday ruled 8-1 in NRG Power Marketing v. Maine Public Utilities that the Mobile-Sierra doctrine applies when an entity not party to...
