Shirley Norton News
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Bank of America Corp., the second- largest U.S. lender by assets, must face claims by homeowners that it took kickbacks from private insurers, a judge ruled.
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The Nashville Symphony, facing a 60 percent decline in donations and $40 million in flood damage to its concert hall, is in talks with Bank of America Corp. to restructure debt issued to build the facility.
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Countrywide Financial and KPMG LLP have agreed to pay $624 million to settle a lawsuit that accused the mortgage lender of securities fraud, New York Comptroller Thomas DiNapoli said.
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U.S. prosecutors won a victory in their crackdown on offshore tax evasion when a federal appeals court said a former UBS AG client must turn over his bank records to a U.S. grand jury.
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Lions Gate Entertainment Corp. sued billionaire Carl Icahn over the Metro-Goldwyn-Mayer Inc. studio deal in federal court in New York, alleging the financier was “secretly plotting” to merge the studios.
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A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.
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Sprint Nextel Corp. and the U.S. Justice Department lost their bid to share confidential documents as they seek to stop a proposed $39 billion purchase of T-Mobile USA Inc by AT&T Inc.
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Paul Ceglia, who claims half the holdings of Facebook Inc. co-founder Mark Zuckerberg, must produce originals of the contract and e-mails that he says prove his case, a judge ordered at the request of the company.
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Bank of America Corp., JPMorgan Chase & Co. and three other banks agreed to pay $25 million to New York to resolve some monetary claims over the use of a mortgage database after reaching a $25 billion national settlement over foreclosure practices.
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Countrywide Financial Corp. investors, led by a group of New York retirement funds, agreed to settle a class-action lawsuit for more than $600 million, a person familiar with the case said.
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