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Wells Fargo's settlement is the latest fallout from the string of scandals that has plagued the bank since it was accused in 2016 of having created more than 2 million fraudulent deposit and credit card accounts. (AP)

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

Wells Fargo must pay $1 billion to settle government claims stemming from investigations into improper practices in its auto lending and mortgage divisions, the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency said Friday.

  • 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.

  • Shire Spurns £44B Takeover Offer From Takeda

    Dublin-based Shire revealed Thursday that it has spurned a series of takeover offers from Japan’s Takeda that reached £44 billion ($62.6 billion) for “significantly” undervaluing the rare disease-focused drugmaker’s pipeline, as another potential suitor briefly emerged.

  • Ex-Playboy Model Settles Dispute Over Trump Story Rights

    The National Enquirer’s owner announced a settlement with a former Playboy Playmate on Wednesday, ending a suit she brought in California state court related to the sale of her story about her alleged affair with President Donald Trump.

  • Judge's Killer Must Die, 11th Circuit Rules

    The Eleventh Circuit Wednesday agreed with a lower court’s decision to uphold the execution, scheduled for Thursday, of pipe bomber Walter Leroy Moody Jr., who killed an Eleventh Circuit judge in 1989, while disagreeing with the lower court’s reasoning.

  • SEC Unveils Plans For 'Best Interest' Standard For Brokers

    A divided U.S. Securities and Exchange Commission on Wednesday proposed holding brokers to a higher standard of care if they are giving advice to retail investors, kicking off a likely contentious fight to finalize the long-awaited new rules that have already met with skepticism at the agency.