AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce January 9, 2013 By Ben Berkowitz, Emily Stephenson and Karen Freifeld American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining...
New York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others January 8, 2013 By Karen Freifeld New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the...
Standard Chartered Reaches $340 Million Settlement in New York over Iran August 15, 2012 By Carrick Mollenkamp and Karen Freifeld Standard Chartered Plc agreed to pay $340 million to New York’s bank regulator over transactions linked to Iran, in a...
U.S. Regulators Angered By N.Y. Action Against StanChart August 8, 2012 By Carrick Mollenkamp, Emily Flitter and Karen Freifeld The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York’s banking regulator’s decision to launch an...
Walnut Place Drops Objections to $8.5 Billion BofA Deal; AIG Still Questions July 24, 2012 By Karen Freifeld Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in...
Bank of America Settles Mortgage Fraud Lawsuit with Bond Insurer Syncora July 18, 2012 By Karen Freifeld Bank of America Corp. has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee...
New York Judge Orders Anonymous Blogger into Court Over Business Reports May 14, 2012 By Karen Freifeld A New York judge has ordered an anonymous blogger to appear in court next week over accusations that the blog...
Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages March 30, 2012 By Karen Freifeld Bank of America Corp. on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back...
MBIA Reportedly Ready to Settle with UBS Over Restructuring March 16, 2012 By Karen Freifeld UBS AG has agreed to settle litigation against MBIA Inc. that challenged the bond insurer’s 2009 restructuring, people familiar with...
Connecticut Urges Other States to Sue Credit Rating Agencies March 8, 2012 By Karen Freifeld Connecticut officials are encouraging other states to consider suing credit-rating agencies that gave high grades to risky mortgage-backed securities that...