MLM Counties News. Notices. Need-to-know Information.

Bank of New York Mellon Corp. filed a court petition seeking approval of an $8.5 billion settlement with Bank of America Corp. over residential mortgage-securitization trusts. BNY Mellon made the filing Wednesday in New York State Supreme Court in Manhattan as trustee of 530 residential mortgage- securitization trusts established from 2004 to 2008.

Manhattan District Attorney Cyrus Vance Jr. said he wants harsher penalties, including mandatory prison time, for people convicted of major securities fraud in New York.

Bank of America Inc.’s Countrywide Financial unit was sued by investors in mortgage-backed securities who alleged a “massive fraud” in a complaint filed Monday in New York state court.

Tagged with: Countrywide Financial mortgage-backed securities

A New York appeals court reinstated claims by an Assured Guaranty subsidiary in a lawsuit that alleges a JPMorgan Chase & Co. asset management business knew the risks associated with investing in subprime mortgage-backed securities and concealed them.

A former executive at Raymond James & Associates Inc. sued the company for $6 million, claiming he was fired after falling asleep as a result of chemotherapy. Stephen Fredericks, who was a managing director of sales trading, filed the complaint ...

New York Attorney General Andrew Cuomo’s campaign fund took tens of thousands of dollars from law firms representing clients his office investigated or accused of wrongdoing, state records show. Boies Schiller & Flexner, a New York law firm led by ...

Tagged with: Andrew Cuomo campaign donations lawyers

Health Net Inc. agreed to pay about $1.5 million to settle a probe by New York Attorney General Andrew Cuomo into how health insurers reimburse clients for out-of-network physician services. Woodland Hills, Calif.-based Health Net is the latest U.S. insurer ...

Tagged with: Andrew Cuomo Health Net Inc.

Brooke Astor threw a 2002 dinner party for Kofi Annan, then secretary-general of the United Nations, yet didn’t know who he was, former U.S. Secretary of State Henry Kissinger testified at the trial of her son. Kissinger, 85, took the ...

Tagged with: Anthony Marshall Brooke Astor Henry Kissinger

Bank of America Corp. will suffer “grave and irreparable harm” if Merrill Lynch & Co. employees paid $3.6 billion in bonuses just before the firm’s acquisition by the bank are publicly identified, its lawyers said. Bank of America Thursday filed ...

Tagged with: Andrew Cuomo Bank of America bonus John Thain Kenneth D. Lewis Merrill Lynch & Co.