New York state Supreme Court Justice Eileen Bransten threw out the suit, saying any oral contract between the executive, Ray Volpe, and Interpublic granting him profits over the sale of the Facebook investment was superseded by Volpe’s final employment agreement.
Read More »Ruling that struck down military detention power overturned
A group sued President Barack Obama and Secretary of Defense Leon Panetta in January, claiming the controversial U.S. military-detention law may subject them to detention for acts protected by the U.S. Constitution, including writing and advocacy.
Tagged with: Barack Obama
Read More »Fund liquidators sue McGraw Hill, Moody’s and Fitch
The U.S. is seeking more than $5 billion in civil penalties from McGraw Hill’s Standard & Poor’s unit over credit ratings on mortgage-backed securities.
Read More »PGA Tour seeks to dismiss suit over antler spray
Golfer Vijay Singh claims he was publicly humiliated by a suspension for using deer-antler spray before he was cleared of wrongdoing two months later.
Read More »Mortgage accord talks were tense, Bank of America official testifies
The first meetings with investors who brought claims against the bank for breaches of representations and warranties were “very tense,” with both sides taking “very strong positions,” Chief Risk Officer Terrence P. Laughlin testified.
Tagged with: Bank of America mortgage
Read More »Merrill Lynch sued by trusts over $1B in securities
Bank of America Corp.’s Merrill Lynch unit was sued by two trusts that hold and administer mortgages on behalf of investors who own more than $1 billion of securities collateralized by the loans.
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