Judge Narrows SEC Claim vs Morningstar Over Undisclosed Bond Rating Changes January 6, 2022 By Jonathan Stempel A U.S. judge on Wednesday narrowed but refused to dismiss a Securities and Exchange Commission lawsuit accusing Morningstar Inc. of...
New York to Receive $800M in Bank of America Settlement August 22, 2014 By David Klepper New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America...
S&P Panel Urges Insurers to Seek Better Returns Globally June 9, 2014 “Continuing low interest rates and soft economic growth are contributing to a tough investment climate for insurance companies, but they’re...
Morgan Stanley Says AIG May Sue Over Mortgage Investments November 5, 2013 By Michael J.Moore Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed...
Assured Guaranty, JPMorgan Settle Mortgage Litigation August 22, 2013 By Chris Dolmetsch, Bloomberg Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s...
AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit April 19, 2013 A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit...
New York Sues Credit Suisse Over Mortgage Securities November 21, 2012 New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in...
New York’s Fraud Suit Against JPMorgan May Aid Private Lawsuits October 3, 2012 By Alexandra Alper and Aruna Viswanatha New York state’s lawsuit against JPMorgan Chase & Co. alleging fraud in mortgage-backed securities sold by Bear Stearns may be...
New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer August 23, 2012 The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008...
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...