Eric Schneiderman News
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A former Goldman Sachs Group Inc. computer programmer was freed after his conviction for stealing the bank’s high-speed trading code was reversed by a U.S. appeals court.
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Ernst & Young LLP, bankrupt Lehman Brothers Holdings Inc.’s former auditor, should “disgorge” $125 million in fees earned in an alleged fraud involving so- called Repo 105 transactions that concealed tens of billions of dollars in debt, the New York attorney general said.
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Ernst & Young LLP, former auditor of bankrupt Lehman Brothers Holdings Inc., should “disgorge” $125 million in fees earned in an alleged fraud that used so-called Repo 105 transanscations to conceal tens of billions of dollars in debt, New York officials said in a court filing.
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Madison Square Garden Co. and Time Warner Cable Inc. reached an agreement on a new contract, ending a seven-week stalemate that kept the operator’s 2.8 million local subscribers from watching the New York Knicks and their Jeremy Lin-led winning streak.
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John Kinnucan, the Broadband Research LLC founder who said he refused to secretly record a money manager in a U.S. probe of insider trading, was arrested in Portland, Oregon, the FBI said.
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Bank of New York Mellon Corp., the world’s largest custody bank, defrauded clients of more than $1.5 billion through foreign-exchange trades, according to a new complaint by the U.S. government.
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State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
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Wisconsin plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri would devote $40 million for education. Ohio wants to tear down vacant homes.
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California and New York, along with Florida, agreed to join more than 40 other states in a nationwide settlement 16 months in the making that seeks to end abusive bank foreclosure practices that followed the collapse of the housing bubble, a person familiar with the matter said.
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Bank of America Corp., JPMorgan Chase & Co. and three other U.S. banks reached a $25 billion settlement with 49 states and the U.S. government to end a probe of abusive foreclosure practices stemming from the collapse of the housing bubble.
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