As part of the settlement, Target has agreed to pay $39.3 million to the financial institutions. Read more
Penalties imposed on financial institutions totaled more than $7.8 billion in the first quarter of 2015, up 73 percent from the prior quarter, according to data released last month by the Co... Read more
Lawyers representing financial institutions harmed by the massive 2013 Target data breach are opposing the proposed settlement agreement between the retailer and MasterCard on behalf of its... Read more
For the first time ever, the American Association for Justice has approved a Class Action Litigation Group. The group will be co-chaired by Jay Aughtman from our firm. There are hundreds of... Read more
Wachovia Corp., which is being bought by Wells Fargo & Co., has agreed to pay $200 million to settle lawsuits claiming it profited by ignoring fraudulent telemarketers who used the bank... Read more
Over the past 15 years or so, the American jury system has been under constant attack and it has been a very tough battle. The attacks, interestingly enough, were financed by the giants of C... Read more
We have learned that the FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American International Group Inc. and their senior executives for potential mortgage... Read more
As I was finishing this issue the Bush Administration’s “bail-out” package was being hotly debated in Congress. Due to time constraints I will only say for now that rewardi... Read more
Connecticut is the latest state to file suit against Countrywide Financial Corp. over its lending practices. State Attorney General Richard Blumenthal alleges that Countrywide misled borrowe... Read more
We wrote about the federal government bail out relating to the housing industry in a prior section. Now let’s take a look at two of the main players. It’s obvious that Fannie Mae... Read more
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