Standard & Poor’s assurances to investors that its credit ratings were free of conflicts of interest amounted to fraudulent representations rather than “mere puffery,” the Justice Department said.
Kobe Bryant, the All-Star basketball guard, was directed by a judge to try mediation before a possible June 17 trial over whether a New Jersey auctioneer can sell his memorabilia on behalf of his mother.
Kobe Bryant, the All-Star basketball guard, won a judge’s order that temporarily blocks a New Jersey auctioneer from selling memorabilia that has been held by his mother.
Wet Seal Inc. agreed to pay $7.5 million to settle a lawsuit brought by black store managers who claimed they were fired because they didn’t fit the teen clothing retailer’s “brand image.”
Californians are preparing for a prolonged season of wildfires after an unusually dry winter that left millions of acres of scrub brush in the most populous U.S. state primed to burn.
A fast-moving wildfire northwest of Los Angeles, fanned by strong Santa Ana winds, forced the evacuation of homes and a college campus with 4,900 students.
A wind-whipped wildfire, charring an area more than half the size of Manhattan, forced the evacuation of a college with 4,900 students and threatened 4,000 homes northwest of Los Angeles.
Wells Fargo & Co. agreed to pay $105 million to settle a lawsuit by Medical Capital Holdings Inc. noteholders who alleged the bank, as a trustee, failed to protect their investment.
A group of 10 California public school teachers who resigned their union membership sued to challenge a state law that forces them to pay union fees.
McGraw-Hill Cos.’s Standard & Poor’s unit is set to take its first stab at fending off the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.