New York’s Fraud Suit Against JPMorgan May Aid Private Lawsuits
New York state’s lawsuit against JPMorgan Chase & Co. alleging fraud in mortgage-backed securities sold by Bear Stearns may be one of the broadest cases to come out of the financial crisis, but its...
View ArticleRep. Frank Defends JPMorgan Against Lawsuit Over Bear Stearns
Democratic Congressman Barney Frank defended the nation’s largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase & Co. for the alleged misdeeds of...
View ArticleNew York AG Can’t Stop $115M AIG Settlement with Ex-CEO Greenberg, Others
New York Attorney General Eric Schneiderman cannot stop a $115 million settlement between American International Group Inc. shareholders and the insurer’s former chief executive and others, a U.S....
View ArticleNew York Drop of Damages Claim Against Greenberg Avoids Test of AG’s Power
When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office’s power. New...
View ArticleNew York AG May Follow Greenberg Case, Drop Claims Against BofA Over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case – against Bank of America over its...
View ArticleFormer New York Governors Tell AG: Drop Greenberg Suit
In an opinion piece published in today’s Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice “Hank” Greenberg in a case tied to...
View ArticleGreenberg Should Face Trial as ‘Deterrent,’ Says New York State
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims...
View ArticleEx-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says
Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg must face a fraud lawsuit brought by the New York attorney general, the state’s highest court ruled. The state...
View ArticleEx-AIG Executives Greenberg, Smith Press Ethics Complaint Against New York...
Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. The...
View ArticleNew York’s AG Forms New Bureau to Fight Complex Financial Crimes
New York Attorney General Eric Schneiderman expanded an existing criminal bureau to include a focus on financial wrongdoing two years after Governor Andrew Cuomo created a regulator with a similar...
View ArticleStarr’s Greenberg Loses Bid for Jury, Must Face Judge He Criticized
Former AIG chief Maurice “Hank” Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles...
View ArticleNew York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere...
View ArticleNew York AG to Propose Legislation to Strengthen Data Security Law
New York Attorney General Eric Schneiderman will propose legislation on Thursday that he says would make the state’s data security law the strongest in the country and require “unprecedented...
View ArticleSandy Flood Insurance Issues Said to Be Focus of Criminal Probe
New York’s attorney general has opened a criminal probe into accusations by Hurricane Sandy victims that insurance companies rejected claims for flood damage to their properties based on falsified...
View ArticleReinsurance Suit Against Greenberg Sent to New York’s Top Court Again
A decade-old lawsuit in which New York accused former American International Group Inc. Chief Executive Maurice “Hank” Greenberg of accounting fraud will head to the state’s highest court for a second...
View ArticleNew York AG Urges Tech Firms to Act Responsibly as Business Models Evolve
New York State’s top lawyer told technology-firm executives he will “bring the full force” of his office against companies that mistreat their workers or cheat consumers. Speaking to entrepreneurs and...
View ArticleNew York AG Schneiderman, EBSA Agree to Joint Insurer Oversight
New York’s Attorney General Eric Schneiderman and the federal Employee Benefits Security Administration have agreed to share information and address violations of laws covering health insurance offered...
View ArticleHouse GOP Wants Democratic AGs’ Records on Climate Change Suit Against Exxon
Escalating a political fight over global warming, a Republican House chairman issued subpoenas this week to two Democratic state attorneys general, seeking records about their investigation into...
View ArticleStates to Sue VW Over Diesel Scandal
New York and Maryland are among several states planning to sue Volkswagen AG over the environmental damage done by devices that were designed by the carmaker to cheat on pollution-control tests....
View ArticleNew York AG Charges Engineering Firm with Doctoring Sandy Claims Reports
New York authorities charged a Long Island engineering firm and one of its former executives with forging damage reports for homes swamped by Hurricane Sandy, altering the documents in such a way that...
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