New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against teachers.
Horace Mann School, an elite prep school in New York City, issued an apology for decades of abuse of students by teachers and administrators, without agreeing to the independent investigation sought by victims.
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.
Horace Mann, the New York City prep school at the center of sexual-abuse allegations by former students, should conduct an “independent and transparent” probe into the alleged crimes, attorney Gloria Allred said.
Illinois Attorney General Lisa Madigan , questioning whether JPMorgan Chase & Co. is violating state consumer protection laws as it pursues residential foreclosures, demanded a meeting with the lender.
Bank of America Corp. and JPMorgan Chase & Co. , along with three other U.S. mortgage servicers, proposed paying $5 billion to settle a probe of their foreclosure practices by state and federal officials, two people familiar with the matter said.
Samsung Electronics Co., facing allegations that it stole tablet computer patents from Apple Inc., says the design for such devices can be traced back to Stanley Kubrick’s 1968 film “2001: A Space Odyssey.”
Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase & Co. to foreclose on unit 9, so they sued the bank in February to take control of the property.