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Preliminary Approval Of Settlement In Autodialing Class Action Suit Denied
SAN DIEGO - A federal judge in California on April 15 denied a consumer's motion for preliminary approval of a class action settlement, ruling that the consumer failed to properly show how the...
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Antitrust Claims Dismissed From LIBOR Suit; Commodity Manipulation Claims...
NEW YORK - A federal judge in New York on March 28 dismissed federal antitrust claims brought by over-the-counter, bondholder, exchange-based and Charles Schwab plaintiffs against 16 banks involving...
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Final Approval Of $2.4B Settlement Granted In Bank Of America Securities Suit
NEW YORK - A federal judge in New York on April 5 granted final approval of a $2.4 billion settlement between shareholders and Bank of America Corp. (BoA) to settle claims that it and certain of its...
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Fifth Third Agrees To Pay $16M To Settle Federal Securities Law Claims
CINCINNATI - Fifth Third Bancorp and a number of other defendants agreed to pay $16 million to settle claims that Fifth Third misrepresented its involvement in the subprime securities market in...
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Judge Dismisses FDIC's Securities Claims Against Countrywide As Time-Barred
LOS ANGELES - Dismissal of federal securities law claims brought by the Federal Deposit Insurance Corp., as receiver for a failed bank, against Countrywide Securities Corp., certain of its subsidiaries...
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Panel: Agency Had Standing To Sue Over Fannie Mae, Freddie Mac Losses
NEW YORK - A federal district court did not err in partially denying a motion to dismiss filed by UBS Americas Inc. and various affiliated entities and individuals (collectively, UBS entities) because...
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Judge Trims Claims In Securities Suit Against Credit Suisse, Others
KANSAS CITY, Kan. - A federal judge in Kansas on April 8 ruled that dismissal of state and federal securities law claims regarding 12 residential mortgage-backed securities (RMBS) underwritten by...
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Majority Of Claims Allowed To Proceed In Securities Class Action Lawsuit
NEW YORK - A union pension fund has properly pleaded most of its federal securities laws claims against Deutsche Bank AG and certain of its executive officers over allegations that the defendants...
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Judge Grants Stay In Consumer Protection Suit Against McGraw-Hill, S&P
HARRISBURG, Pa. - A federal judge in Pennsylvania ruled April 5 that The McGraw-Hill Cos. Inc. and its subsidiary, Standard & Poor's Financial Services LLC (S&P), are entitled to a stay of...
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11th Circuit Reverses Part Of Fees Order In Failed-Bank Suit
ATLANTA - The 11th Circuit U.S. Court of Appeals on March 25 agreed with a borrower that a mortgage agreement's plain language requires that attorney fees awarded to the defendant in a failed-bank...
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Federal Judge Lets Most Claims Against FDIC In Investment Suit Survive
SPOKANE, Wash. - A federal judge in Washington on March 22 granted partial summary judgment to the Federal Deposit Insurance Corp. in a suit an investor filed related to investments he made in...
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Judge Rules Against FDIC, Allowing Bank Company To Keep Tax Refund
CLEVELAND - Bankrupt holding company AmFin Financial Corp. (AFC) can keep a $195 million tax refund that the Federal Deposit Insurance Corp. argued belongs to an affiliate bank in the FDIC's...
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Federal Judge Allows Lease Dispute With FDIC To Proceed
ATHENS, Ga. - A federal judge in Georgia on March 26 denied the Federal Deposit Insurance Corp.'s motion for summary judgment in a suit in which an entity that leased space to a bank that failed...
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Federal Judge Denies Dismissal Of FDIC's Suit Against Property Appraiser
TAMPA, Fla. - A federal judge in Florida on April 8 denied a property appraiser's motion to dismiss the Federal Deposit Insurance Corp.'s suit alleging that she conducted a negligently prepared...
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FDIC's Breach Suit Against Closing Agent Can Continue, Judge Rules
WASHINGTON, D.C. - A federal judge in the District of Columbia on April 17 denied dismissal of a suit in which the Federal Deposit Insurance Corp, as the receiver for a failed bank, alleges that a...
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Federal Judge Dismisses 3 Suits Against FDIC As Failed Bank's Receiver
DENVER - A federal judge in Colorado on March 25 granted motions by the Federal Deposit Insurance Corp., as the receiver for a failed bank, to dismiss three consolidated suits related to a $17 million...
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Judge: FDIC Must Plead Separate Claims For Separate Transactions
TAMPA, Fla. - A federal judge in Florida on March 28 granted Commonwealth Land Title Insurance Co.'s motion for a more definite statement in a suit brought by the Federal Deposit Insurance Corp.,...
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Federal Judge Grants Summary Judgment To FDIC In Loan Action
PORTLAND, Ore. - A federal judge in Oregon on April 10 granted a motion for partial summary judgment filed by the Federal Deposit Insurance Corp. as the receiver for a failed bank in a loan suit,...
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Federal Judge Denies Contractor's Motions In Construction Lien Dispute
ORLANDO, Fla. - A federal judge in Florida on April 4 denied a general contractor's motions for summary judgment in a suit he filed to foreclose on a construction lien, finding that there are actually...
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Federal Judge Dismisses Breach Of Contract Claim From Loan-Participation Suit
MOBILE, Ala. - A federal judge in Alabama on April 10 dismissed a breach of contract claim against a certain defendant in a suit brought by a bank that acquired the participation interest in a loan...
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