LAWSUITS NEWS & LEGAL INFORMATION
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Sort by date 1,824 pages found matching bank of america- Wells Fargo Faces California Labor Lawsuit Alleging Failure to Pay Overtime, Wrongful Termination
Oct-3-16 Los Angeles, CA: Wells Fargo, currently under scrutiny for reportedly using unethical and illegal tactics to open unauthorized debit and credit card accounts, now faces a California labor lawsuit from two former employees who allege they were fired for refusing to open unauthorized accounts and/or for failing to meet unrealistic sales quotes. The lawsu... - Columbia Management Advisors Inc. and Columbia Funds Distributor Inc. investment fraud Settlement
The former president of the company, James Tambone and the former senior sales executive Robert Hussey have been ordered to pay $140 million to FleetBoston Financial Corp. for improper trading. Bank of America acquired FleetBoston last year. The Securities and Exchange Commission alleged Tambone and Hussey allowed specific investors to participate in ille... - TJX Data, TJX agrees to pay Visa and Fifth Third Bank a $41 million settlement for a massive data breach
Boston, MA: (Nov-30-07) Visa and Fifth Third Bank brought charges against TJX, over a massive data breach. As part of a settlement reached TJX agreed to pay as much as $41 million in a settlement with Visa and the bank that processes TJX's credit card payments over the data breach. Sources claimed that the Framingham-based discount retailer stated that the... - $30 Million Proposed Settlement Reached in Wells Fargo TCPA Lawsuit
Sep-4-16 Atlanta, GA: Wells Fargo has reached a preliminary settlement worth around $30 million in the TCPA lawsuit filed against it. The settlement addresses allegations the financial institution violated the Telephone Consumer Protection Act (TCPA) by using autodialers and systems that helped the system predict when consumers were likely to answer their phone... - Ready To Eat Bacon Base Product Recalled for Salmonella
Washington, DC: Nestlé Professional North America, a Cleveland, Ohio establishment, is recalling approximately 6,000 pounds of a ready-to-eat (RTE) bacon base product that may be contaminated with Salmonella. The packages of bacon base contain as an ingredient the specific Hydrolyzed Vegetable Protein (HVP), which was previously recalled. Due t... - Bank Faces $10 Million Fine Linked to Overdraft Fees
Aug-11-16 Boston, MA: Santander Bank reportedly faces $10 million in fines after the Consumer Financial Protection Bureau found the company misled customers about its overdraft protection program . Banks and credit unions have faced increasing scrutiny in recent years over excessive overdraft fees and other unethical practices, and consumers have fought back, in... - Thornbug Mortgage Inc. Wachovia Derivative Transaction Settlement
Charlotte, NC: (Aug-29-07) Wachovia Corp. brought a lawsuit against Thornbug Mortgage Inc. over a derivatives transaction. Wachovia sued Thornburg in the US District Court in Manhattan, alleging the New Mexico-based company failed to return collateral to the bank. Thornburg is a single family residential mortgage lender focused principally on the jumbo seg... - JPMorgan Controversial Structured Bond Settlement
Athens, GA: (Aug-23-07) Four Greek state pension funds brought charges against JPMorgan, over a controversial 280m structured bond, as part of the country's investigation into six similar instruments issued by other international banks. The confidential bond, issued last year by the Greek government, came under investigation this year by George Zorbas, h... - First BanCorp. Mortgage Transaction Misrepresentation Settlement
New York, NY: (Aug-07-07) The US Securities and Exchange Commission brought a lawsuit against First BanCorp., alleging that the Puerto Rican bank concealed the true nature of more than $4 billion of mortgage-related transactions. The bank did not concede to any wrongdoing or admit to the allegations. In a settlement reached, First BanCorp. agreed to... - HSBC Bank USA Abandoned Chemical Facility Penalty
Wallkill, NY: (May-30-07) Attorney General Andrew Cuomo's office filed suit against HSBC Bank USA over environmental issues regarding an abandoned chemical manufacturing facility in the town of Wallkill. HSBC Bank agreed to pay $850,000 in civil penalties and reimburse the state of New York for approximately $68,000 in costs incurred as a result of the a... - Settlement
Washington, DC: (May-16-07) The Ethics Board filed charges against Supreme Court Justice-elect Annette Ziegler, claiming that she was guilty of committing an ethics violation. The state Judicial Commission is conducting an ongoing investigation, which brought to light that Ziegler was involved in a scheme, in which a bank paid her husband as a member of it... - Does Charging Excessive Overdraft Fees Violate Credit Union Non-profit Status?
May-14-16 Jacksonville, FL: Having come out with a review of overdraft practices and fees generated by major banks, credit unions and financial institutions in 2013, The Consumer Financial Protection Bureau is ramping up its rhetoric on the apparent fleecing of consumers through excessive fees. Little wonder, when one looks at the overdraft fees charged by Vystar... - Data Breach Complaints on the Rise
May-11-16 Washington, DC: A new report from the Federal Trade Commission (FTC) shows that data breach complaints are on the rise. In the report, Consumer Sentinel Network Data Book (2/16), the FTC notes that complaints about identity theft increased 47 percent in 2015, likely helped by a number of high-profile data breaches. Consumers have filed lawsuits again... - Fibromyalgia Sufferer Brings LTD Lawsuit against Life Insurance Co. of North America
Nov-16-18 Los Angeles, CA On September 14, 2018 Marisa Finnerty filed a long term denied disability lawsuit against the Life Insurance Company of North America (LINA), alleging that she had been wrongly denied benefits under her employer, Quest Diagnostics’, long term disability and group life insurance plans. Two things stand out about this lawsuit. It’s... - California Unpaid Wages Lawsuit News and Legal Information
Although California labor law requires hourly (non-exempt) employees be paid for all time spent in work related duties, Meal and Rest Break Wage Violations and subsequent meal and rest break lawsuits are common. And when it comes to issues such as donning and doffing and logging into and out of computer systems, the rules are not always clear. Californ... - Attorneys Investigating Check Re-presentment Lawsuits
Apr-17-16 New York, NY: If you have a checking account that doesn’t tend to carry a lot of money, you may have noticed some fees charged to the account that you did not authorize. Take a closer look and you may discover you’ve been charged for check re-presentment . Check re-presentment occurs when a declined check is sent to a third party and that pa... - Compass Bank Un-Married Car Loan Discrimination Settlement
The US Department of Justice launched an investigation into Compass' automobile lending practices after the Federal Reserve Board, in 2003, found reason to believe that Compass Bank's loan pricing procedures constituted a practice of discrimination. In its complaint, the Justice Department alleged the bank had violated the Equal Credit Opportunity Act b... - California Judge Approves Old Dominion Freight Line and Dockworkers Settlement
Aug-27-23 Santa Clara, CA A California federal judge has given the green light to settle a California dockworkers lawsuit accusing Old Dominion Freight Line Inc. of failing to provide meal and rest breaks. And Old Dominion seems to have developed a habit of California labor overtime violations. In their lawsuit filed in state court, employees Robert Canale... - Another Illegal Practices Lawsuit against Unum
Mar-2-16 New Orleans, LA : Although Unum, or First Unum was reprimanded more than a decade ago by the Department of Labor for its bad faith insurance practices, the largest health insurer in the United States still seems to deny long-term disability benefits as its mandate. Many Unum policyholders have consequently filed lawsuits, alleging that the company ha... - 1% of Physicians Account for One-third of Paid Medical Malpractice Claims
Feb-25-16 The New England Journal of Medicine has analyzed some appalling data that 1% of physicians account for approximately 32% of paid medical malpractice claims. The data - which was pulled from the National Practitioner Data Bank - shows that over a recent 10-year period, a small number of physicians with distinctive characteristics accounted for a dispr...