Lead Story Picture
A former employee potentially stole client data from some of SunTrust's contact lists, the Atlanta-based bank said. (AP)

SunTrust Data Theft May Have Impacted 1.5M Customers

SunTrust Banks Inc. said Friday that a former employee may have made off with the personal information of roughly 1.5 million customers, potentially compromising details like client names, addresses, phone numbers and account balances.

  • Black & Decker Licensing Suit Filed Too Late, 4th Circ. Says

    The Fourth Circuit on Thursday refused to revive an antitrust suit accusing Black & Decker Corp. and a host of other table-saw makers of conspiring not to license technology from SawStop LLC, saying SawStop had waited too long to sue.

  • Key Safety Not Covered For Interest In AIG Dispute: 6th Circ.

    Key Safety Systems Inc., which recently purchased Takata Corp.’s assets at a bankruptcy auction, cannot force an AIG unit to pay nearly $600,000 in post-judgment interest racked up in an underlying suit over a car crash, the Sixth Circuit affirmed on Friday.

  • Exxon Takes AG Climate Probe Fight To 2nd Circ.

    Oil giant ExxonMobil said Friday it will appeal to the Second Circuit a New York federal judge's dismissal of its suit claiming the attorneys general of New York and Massachusetts conspired to violate its free speech rights on climate change issues by investigating the company.

  • Wells Fargo Fined $1B For Mortgage, Auto Lending Abuses

    Wells Fargo will pay a $1 billion fine to the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency as part of settlements unveiled Friday resolving allegations of improper practices in the bank’s auto lending and mortgage divisions.

  • AT&T-Time Warner Judge Returns To Deal's Arbitration Offer

    The D.C. federal judge overseeing the U.S. Department of Justice challenge to AT&T’s proposed $85 billion Time Warner purchase again asked Thursday about an arbitration offer key to defense efforts to appease government antitrust concerns, wanting to know what AT&T’s CEO envisions after that offer expires.

  • Lehman Judge Fumes At RMBS Trusts' Distribution Moves

    Trustees for investors who bought toxic residential mortgage-backed securities from Lehman Brothers Holdings Inc. before the 2008 financial crisis got an earful Thursday from a New York bankruptcy judge who fumed that their concerns over how to distribute funds from a $2.4 billion settlement could have been raised months ago.

  • CBS Directors Must Face Bulk Of Redstone Pay Suit

    The Delaware Chancery Court on Thursday allowed the bulk of claims to proceed in a derivative suit alleging CBS Corp.’s directors wasted corporate assets and unjustly enriched controlling shareholder Sumner Redstone by approving substantial salaries for the incapacitated media mogul.

  • Lance Armstrong Pays $5M To Settle USPS Fraud Case

    Disgraced U.S. cyclist Lance Armstrong said Thursday he has agreed to a $5 million settlement to end the long-running False Claims Act lawsuit by his former cycling teammate Floyd Landis and the U.S. Postal Service alleging he had defrauded the government by collecting millions of dollars while lying about doping.

  • Male Equity Partners Earn Almost 30% More Than Women

    Male equity partners on average are paid almost 30 percent more than their female counterparts, research firm Acritas said Thursday after questioning more than 800 attorneys for its latest global survey.

  • Injunction Over Sanctuary City Grants Upheld By 7th Circ.

    The Seventh Circuit on Thursday upheld a nationwide preliminary injunction blocking the Trump administration from using a federal public safety grant to force so-called sanctuary cities to comply with its immigration policies, criticizing the effort as an infringement on the separation of powers.

  • NJ Man's Theft Guilty Plea Undone In NY Giants Tickets Scam

    A New Jersey trial court should have rejected a man’s guilty plea to a theft charge related to the sale of New York Giants tickets because he did not admit to obtaining the victims’ money by deception, a state appeals court said Thursday in a published opinion overturning his conviction.

  • Grassley Aims To Shield Mueller Probe Despite GOP Objection

    Senate Judiciary Chairman Chuck Grassley, R-Iowa, said Thursday he intends to advance a bill that would protect Special Counsel Robert Mueller’s investigation, despite opposition from Senate Majority Leader Mitch McConnell, R-Ky.