Ally Financial Inc, the lender formerly known as GMAC, on Monday said it agreed to pay $462 million to Fannie Mae to avoid having to repurchase poorly underwritten mortgages sold to the housing finance giant.
Global hospitality company, Hilton Worldwide, announced the finalization of an agreement with Starwood Hotels Resorts Worldwide to settle a lawsuit involving the alleged misappropriation of trade secrets.
The man assigned to recover money for Madoff's victims won his biggest settlement yet -- an agreement by the estate of longtime Madoff friend Jeffry Picower to give back $7.2 billion in profits from the epic fraud.
Wal-Mart Stores and Canada's biggest private-sector union have reached a settlement in their year and a half-long trademark dispute.
Bank of America Corp is in talks with a group of six investors to settle charges that it mishandled $16.5 billion in mortgages packaged into bonds, the Wall Street Journal reported on Wednesday.
Abbott Laboratories
and two other drugmakers will pay $421 million to settle allegations that they falsely inflated product prices to gain larger government reimbursement payments, the U.S. Justice Department said on Tuesday.Abbott Laboratories
and two other drugmakers will pay $421 million to settle allegations that they falsely inflated product prices to gain larger government reimbursement payments, the U.S. Justice Department said on Tuesday.(Corrects headline to show that Abbott will pay $126.5 million, not $121.5 million. There are no changes to the text)
HSBC Holdings Plc said claims the bank aided the fraud of convicted swindler Bernard Madoff were unfounded and it would defend itself vigorously against all Madoff-related claims.
Israel is to discuss a 90-day construction freeze in West Bank proposed by the United States, sources say. At the recent Washington meeting between Israeli Prime minister Binyamin Netanyahu and Secretary of State, Hillary Clinton, US reportedly proposed an incentive package to reinstate a moratorium on West Bank settlement building. However, the proposal does not include a suspension of settlement activity in East Jerusalem.
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch.
A New York federal judge has approved the creation of a $150 million settlement fund for Bank of America Corp shareholders, as part of a larger settlement with the Securities and Exchange Commission over the bank's 2009 purchase of Merrill Lynch, the regulator said on Wednesday.
A multibillion-dollar settlement to the victims of Bernard Madoff's Ponzi scheme has been held up by lawsuits competing for the same funds from the estate of the late investor and philanthropist Jeffry Picower, the Wall Street Journal reported.
A U.S. Securities and Exchange Commission watchdog said on Thursday that he will expand his investigation of the agency's fraud suit against Goldman Sachs Group Inc to look into concerns raised about the timing of the firm's $550 million settlement.
A federal judge has approved a $550 million settlement between Goldman Sachs and the U.S. Securities and Exchange Commission related to civil fraud allegations in a subprime mortgage product.
Intel and the Federal Trade Commission filed motions on Monday to suspend trial proceedings while both negotiate settlement of a lawsuit, in which the agency accused the company of abusing its market dominance.
The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.
Goldman Sachs Group Inc shares rose as much as 4.5 percent on Friday morning on rumors of a possible settlement with U.S. regulators and a feeling that the stock could be oversold.
U.S. regulators and Goldman Sachs Group Inc have not reached an agreement to settle civil fraud charges, sources familiar with the matter said on Friday.
Wal-Mart Stores Inc agreed to pay as much as $86 million to settle a class-action lawsuit accusing it of failing to pay vacation, overtime and other wages to thousands of former workers in California.
