Jury Finds Bank of America Liable for Countrywide Mortgage Fraud October 24, 2013 By Nate Raymond Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a...
BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages September 25, 2013 By Nate Raymond Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae...
Government Wins Bid to Apply FIRREA Fraud Law in Banks’ Mortgage Cases August 20, 2013 By Nate Raymond A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying...
Moody’s, S&P Settle Negligence Lawsuits Over Debt Vehicle Ratings April 28, 2013 By Jonathan Stempel and Nate Raymond Moody’s Investors Service and Standard & Poor’s on Friday said they have settled two long-running lawsuits seeking to hold them...
U.S. Court Rules Artist Richard Prince Didn’t Infringe Photo Copyrights April 26, 2013 By Nate Raymond In a closely watched case in the art world, American artist Richard Prince won a federal appeals court order Thursday...
Judge Approves $115 Million AIG Shareholder Settlement April 10, 2013 By Nate Raymond A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice...
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims March 31, 2013 By Carrick Mollenkamp and Nate Raymond The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the...
Credit Suisse to Pay $400 Million to Settle U.S. Bond Lawsuits March 15, 2013 By Katharina Bart and Nate Raymond Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over the Swiss...
Judge Names Lead Plaintiffs in Facebook IPO Claim December 7, 2012 By Nate Raymond A group of investors including state pension funds in North Carolina and Arkansas will be the lead plaintiffs in securities...
Businesses Call for Controls on Litigation Funding Firms November 5, 2012 By Nate Raymond A business lobby group wants the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice...