US Bancorp Sued by City of Los Angeles
US Bancorp has been sued by Los Angeles in a lawsuit that claims the fifth-largest U.S. commercial bank is one…
Legal News
Detroit Police Union Set to Sue Over 10 pct Pay Cut
On Monday, the Detroit Police Officers Association said that the police union will file an appeal with Michigan courts to…
A Case of Practicing What You Prosecute?
Last week, Escambia County Circuit Judge Gaines McCorquodale, Alabama, ordered the retrial of former Mobile prosecutor Steve Giardini for December…
Class Action Filed Against JPMorgan for Pushing In-House Funds on Clients
A former brokerage client has sued JPMorgan Chase & Co for steering him and other investors to funds, which were…
Lawsuit Filed Against US Banks Regarding Libor
Regulators have begun a global investigation into the manipulation of interest rates by big banks. The investigation has led a…
Bad Trade by JPMorgan Chase Ballooned to Over $5 Billion
On Friday, JPMorgan Chase said that a bad trade cost the bank $5.8 billion in 2012, which is triple the…
Convict Transferred Without Due Process to Solitary Confinement in 110-degree Cell
On Friday, a three-judge panel of the 2nd U.S. Circuit Court of Appeals found that Eugene Carl Hathaway, who is…
PFGBest CEO Admits Forging Bank Documents for Last 20 Years
On Friday, Russell Wasendorf Sr, the CEO of Peregrine Financial Group, was arrested by the FBI for allegedly stealing more…
Credit Card Companies and Banks Pacify Disgruntled Retailers with $7.25 Billion Settlement
According to court papers for settlement filed on Friday in Brooklyn federal court, Visa, MasterCard, and the banks issuing credit…
Yahoo Launches Investigation into Possible Hacking
On Thursday, Yahoo Inc. announced that it is investigating reports of a possible security breach that could have exposed half…
Report Shows Close to 500 Convicted on Terror Related Charges since 9/11
On Thursday, using statistics from the U.S. Department of Justice, the human rights organization Human Rights First, released a report…
Penn State University Knew about Sandusky but Concealed his Sex Abuses
On Thursday, former FBI director Louis Freeh said that investigation shows senior leaders at the Penn State University were fully…