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  • Boy Scouts of America Sex Abuse Settlement – For and Against
    Oct-25-21 Los Angeles, CA Voting a settlement of almost $1.9 billion to compensate over 82,000 Boy Scouts of America sexual abuse victims has begun with a December 14, 2021 deadline to vote for the Plan. But many survivors and their attorneys oppose the current proposal. 82,000 Victims The number of claims two decades ago. By 2019 over 12,000 victims –...
  • Former officers to pay $10.7 million settlement in fraud lawsuit.
    Chicago, IL: (May-16-08) Trustee of Northbrook-based Sentinel Management Group Inc., the now bankrupt cash-management firm, Frederick Grede, brought charges against Sentinel founder and Chairman Philip Bloom and his son, Chief Executive Eric Bloom, accusing the top two former executives of engaging in a long-term, massive fraud against the company and it...
  • Clear Channel reaches settlement in shareholder acquisition lawsuit.
    San Antonio, TX: (May-13-08) Shareholders brought a lawsuit against Clear Channel Communications, Inc., over the company's previously announced merger. In a recent development in the case, sources stated that Clear Channel Communications, entities sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P., and a bank syndicate consisting of...
  • Bankruptcy lawsuit ends in undisclosed settlement.
    Birmingham, AL: (Apr-25-08) Birmingham-based Red Mountain Bank has been entangled in a legal battle with Capri Real Estate LLC, over Capri on Caldwell, the high-end condominium project that filed Chapter 11 bankruptcy in late February 08. The suit revealed that the condo's original developer, the Netherlands-based Euro American Investors Group, began to...
  • Bank Robbery, City of Golden Valley pays law abiding citizen $1.1 million settlement for excessive police force in his wrongful arrest
    Golden Valley, MN: (Jan-23-08) Al Hixon, a man who was chased and pepper sprayed after being mistaken for a bank robber, brought a lawsuit against the city of Golden Valley, alleging officers used excessive force during the incident. On April 2, 2005, Hixon was changing oil at a gas station when a nearby bank was robbed, and the pursuit followed. Hixon is...
  • Bank One, Bank of America Corp., US Bancorp, and American Honda Finance Corp. racial discrimination Settlement
    Bank One, Bank of America Corp., US Bancorp, and American Honda Finance Corp. The companies have agreed to offer car loans with zero markups to 2.4 million minority consumers. The plaintiffs accused the corporations of racial bias in automobile lending policies by routinely charging black customers higher interest rates than white customers. (Jan-27-0...
  • Daniel V. Leccese Sr. Felony Mail Fraud Fine
    Alapaha, GA: (Aug-14-07) A lawsuit was brought against Daniel V. Leccese Sr., a court clerk in the Alapaha Judicial Circuit, alleging that he engaged in felony mail fraud. Leccese Sr. entered a guilty plea on one count of felony mail fraud in the US District Court for the Middle District of Georgia. Following the admission, Leccese resigned as clerk of t...
  • Mellon Financial Corp. Destroyed Tax Returns Settlement
    Washington, DC: (Jun-28-07) The US government filed charges against Mellon Financial Corp. and its subsidiary Mellon Bank NA, alleging that the bank destroyed tens of thousands of tax returns and checks in 2001. The Justice Department filed the suit after it was discovered that Mellon employees had destroyed 77,000 tax returns and checks received from taxp...
  • SkyWest Flight Attendants File Rest and Meal Break California Lawsuit
    Aug-2-21 Sacramento, CA SkyWest flight attendants are proceeding with their meal and rest break  proposed class action after a California judge rejected the airline’s argument that federal regulations governing the airline industry preempt their claims. U.S. District Judge Vince Chhabria referred to the  Bernstein v. Virgin America Inc . rulin...
  • Edward G. Mawhinney Loan Scheme Settlement
    Boyertown, PA: (Apr-11-07) National Penn filed a civil lawsuit against Edward G. Mawhinney, a former loan officer with National Penn's private banking division in Philadelphia in January 2005, after they discovered that the Sewell, NJ, resident was stealing money from National Penn Bank through a fraudulent loan scheme. It was discovered that Mawhinney, hi...
  • Centier Bank Products and Services Racial Discrimination Settlement
    Gary, IN: (Mar-21-07) The Justice department filed a lawsuit against Merrillville-based Centier Bank, alleging the bank was guilty of racial discrimination and violations of the Fair Housing Act and Equal Credit Opportunity Act by unlawfully failing to equally market and provide products and services to predominantly black and Hispanic neighborhoods in Gar...
  • Prudential Insurance Check Kiting Scheme Settlement
    Baltimore, MD: (Mar-08-07) A lawsuit was filed by BCSB Bankcorp, Inc., the holding company for Baltimore County Savings Bank, FSB, against its insurance provider Prudential Insurance. BCSB Bankcorp claimed that the insurance company was responsible for covering the losses the company incurred in a check kiting scheme perpetrated by a commercial deposit cust...
  • Wachovia Bank Employe Embezzlement Settlement
    Lehigh County, PA: (Mar-03-07) A lawsuit was filed by the township of Lower Macungie in April 2006 against Wachovia Bank alleging negligence in its role in the Margaret Szulborski embezzlement case. The suit claimed that the bank acted in bad faith by allowing Szulborski, a former township employee and supervisor, to deposit checks made payable to Lower Ma...
  • GE Capital Bank PPI Fraud Settlement
    The Financial Services Authority clamped down on GE Capital Bank for rogue sales of payment protection insurance (PPI) policies. The bank also failed to have adequate systems and controls for selling insurance. Investigations revealed that insufficient sales training and unsatisfactory customer service were just few of GE Capital Bank's failings. A fine...
  • Digital Federal Credit Union Snared in Excessive Overdraft Fees Lawsuit
    Oct-3-18 Boston, MA The allegations in the latest excessive overdraft fees lawsuit against Digital Federal Credit Union (DFCU) may seem familiar by now. It is about two different ways of calculating an account balance – one which the consumer saw, and the other, lower number, which DFCU kept much closer to the vest. Similar lawsuits have been filed against L...
  • Landmark Credit Union Settles Overdraft Fees Lawsuit
    Aug-15-18 New Berlin, WI: Danell Behrens filed a proposed class action overdraft fees lawsuit in February 2017 against Landmark Credit Union (LCU), alleging the not-for-profit financial institution charged its members more than $2 million in overdraft fees, in violation of the Electronic Fund Transfer Act (ETFA) and LCU’s own overdraft program contract. LCU has...
  • Bank of New York Money Laundering Settlement
    Federal officials were investigating the bank on charges of fraud and money laundering. U.S. attorneys agreed not to prosecute the bank's failure to report money laundering by employees and customers after the Bank of New York agreed to pay $38 million in fines and adopt new reforms. (Nov-08-05) [ HERALD NEWS DAILY ] Legal Help If you have...
  • There's Nothing Mild about a Head Injury, Says Attorney
    Aug-2-10 Norkfolk, VA It is easy to have compassion and understanding for someone with an obvious and serious brain injury , but it is a different story when the head injury is mild. "This is the invisible injury, they're the walking wounded",says brain injury lawyer Stephen Smith. "This people need our help the most because no one realizes they have a problem."...
  • Long Term Disability Insurance Fraud Lawsuit News & Legal Information
    Policyholders purchase long-term disability insurance to protect themselves in the event they become disabled and can no longer carry out their job duties. Unfortunately, some long-term disability (LTD) policyholders have their disability claims improperly denied . Policyholders who have their long-term disability claim denied can appeal the decision,...
  • $24.5 Million Settlement in Navy Federal Credit Union Excessive Overdraft Fees Lawsuit
    Apr-23-19 San Diego, CA Navy Federal Credit Union has agreed to settle a class action excessive overdraft fee lawsuit for $24.5 million. Plaintiffs’ lawyers will reportedly seek fees of $6.1 million , approximately 25 percent of the total settlement amount. The settlement marks the end of a lawsuit filed in June 2017. Banks and credit unions became...
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