Bill Cosby, who for eight years portrayed a physician and family man on the hit TV series “The Cosby Show,” was sued by a woman who claims he sexually molested her 40 years ago at the Playboy Mansion in Los Angeles when she was 15 years old.
Read More »NFL concussion accord can’t be appealed before final ruling
A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future deaths.
Read More »Countrywide fine dims S&P’s chances of settling for less than $1 billion
Standard & Poor’s chances of settling the government’s lawsuit over mortgage-bond ratings for less than $1 billion may have slipped away after Bank of America Corp.’s Countrywide unit was socked with a $1.3 billion fine.
Read More »S&P demand for White House communications opposed by U.S.
Standard & Poor’s isn’t entitled to the Justice Department’s communications with the White House to bolster its defense that a U.S. fraud lawsuit was retaliation for S&P’s downgrade of the nation’s debt, the government said.
Tagged with: Standard & Poor's
Read More »California death penalty system unconstitutional, judge says
The death penalty system in California, which has more inmates awaiting execution than any other U.S. state, is so plagued by unreasonable and unpredictable delay that it amounts to cruel and unusual punishment, a federal judge said.
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Read More »Judge: Geithner must provide S&P with documents
Ex-U.S. Treasury Secretary Timothy Geithner must comply with Standard & Poor’s demand that he provide documents related to its claim the U.S. sued the company in retaliation for downgrading government debt.
Read More »Judge: S&P may be allowed to seek Geithner information
McGraw Hill Financial Inc.’s Standard & Poor’s unit may be allowed to seek information from former U.S. Treasury Secretary Timothy Geithner related to what the company said was a “threatening” call he made to Harold W. McGraw III after S&P’s downgrade of U.S. debt in 2011.
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Read More »S&P cites Obama meeting in fraud case records demand
The government seeks as much as $5 billion in civil penalties for losses to federally insured banks and credit unions that relied on the S&P’s claims.
Tagged with: Standard & Poor's Timothy Geithner
Read More »S&P: Geithner said U.S. would respond to debt downgrade
S&P filed a declaration as part of a request to force the U.S. to hand over potential evidence that the company says will support its claim that the government filed a fraud lawsuit against it last year in retaliation for its downgrade of the U.S. debt two years earlier.
Read More »S&P analysts to be questioned in civil fraud case
The Justice Department last year accused S&P of lying about its ratings being free of conflicts of interest and may seek as much as $5 billion civil penalties.
Tagged with: Standard & Poor
Read More »S&P tells judge trial on 163 securities is unfair
McGraw Hill Financial Inc.’s Standard & Poor’s said it would be unfair to let the U.S. Justice Department put more than 150 selected securities before a jury to argue the firm’s ratings were the result of fraud.
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