The Bank was accused of deleting information from $100 bln in wire transfers that authorities could have used to police transactions with sanctioned countries like Iran.
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The 2nd Circuit said Irving Picard lacked legal standing to pursue nearly $30 bln of claims against banks on behalf of customers and the bankruptcy estate of Madoff’s former firm.
Three women pleaded guilty to criminal charges arising out of what prosecutors say was a corrupt payroll project that cost the city more than $600 mln.
The deal will revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year’s Superstorm Sandy.
The 2nd Circuit ruled that Daniel Bonventre failed to establish that he had insufficient funds to cover the cost of his defense, estimated at up to $3 mln.
Paul Strain, of the law firm Venable, said no rational jury could find that the Fosamax label failed to adequately warn the plaintiff’s doctors of the risks of developing a bone disease called osteonecrosis of the jaw.
The lawsuit accused the department of transportation of violating the public trust doctrine when it installed the bikes near the intersection of Little Italy, Chinatown and SoHo.
State administrators expanded the definition under a new reporting requirement after some bar groups said the mandate was too restrictive, according to counsel for the state’s court system.
The Supreme Court majority said that as long as arbitration clauses don’t preclude your rights, it doesn’t matter whether individuals can actually afford to assert them. State AGs’ enforcement and coordinated pre-arbitration proceedings are the only options left standing.
Who says securities class actions don’t accomplish anything?
The ruling could be another setback for Fabrice Tourre ahead of his trial on July 15 where he is accused of misleading investors.
Barring a last-minute reprieve, Anthony Marshall, 89, on Thursday will begin serving a one- to three-year prison sentence for siphoning millions of dollars from his ailing mother.
Deloitte will also refrain for one year from new business with certain New York banks to settle accusations over its review of money laundering controls at Standard Chartered Bank.
The legislation would create a financial restructuring board and a binding arbitration process to help struggling municipalities manage their finances.
The offer is significantly below the skyscraper’s appraisal price and contingent on buying both the building and the operating lease.