David McLaughlin News
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Goldman Sachs Group Inc. won dismissal of bond insurer ACA Financial Guaranty Corp.’s fraud lawsuit over a collateralized debt obligation known as Abacus.
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Apple Inc. and Google Inc. are among technology companies being asked by the New York attorney general to take steps to deter thefts of iPhones and other handheld devices and eliminate a black market for the products.
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Bank of America Corp. said New York Attorney General Eric Schneiderman has no right to take enforcement action against the bank over claims that it violated terms of a nationwide foreclosure settlement.
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AMR Corp., the airline merging with US Airways Group Inc., won court approval to borrow as much as $3.25 billion as it moves toward exiting bankruptcy.
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MBIA Inc., the bond insurer that reached a $1.7 billion settlement with Bank of America Corp. this week, will pay $350 million to Societe Generale SA to resolve litigation, a person familiar with the matter said.
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ATP Oil & Gas Corp., the energy producer that filed for bankruptcy last year, will sell its assets to lenders led by Credit Suisse Group AG for $691 million.
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A debt-settlement company was accused by the U.S. of defrauding more than 1,200 people struggling with credit-card debt, in the first criminal referral from the Consumer Financial Protection Bureau.
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Bank of America Corp. and Wells Fargo & Co. violated terms of a nationwide settlement reached last year over banks’ residential mortgage foreclosure practices, New York Attorney General Eric Schneiderman said.
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MBIA Inc. and Bank of America Corp. settled a five-year legal battle over soured mortgage debt in a deal that will pay MBIA the equivalent of $1.7 billion and give the bank a 5 percent stake in the bond insurer. MBIA shares surged to the highest since September 2008.
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MBIA Inc. will get about $1.6 billion as part of a deal to end five years of litigation against Bank of America Corp. and its Countrywide unit over claims of defective securitized mortgage loans, a person familiar with the matter said.
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