New York Law360 provides breaking news and analysis on legal and regulatory issues in New York state. Coverage includes high-stakes litigation, policy developments, and corporate deals affecting the state.
John Hancock Life Insurance Co. agreed to pay more than $91 million to end a proposed class action alleging the company was jacking up life insurance policy rates by using the wrong mortality rate calculations, according to filings Friday in New York federal court.
A New York debt collector has agreed to a more than $22.5 million suspended judgment entered Thursday in a deal resolving its portion of a suit brought by the Federal Trade Commission and New York attorney general accusing it and two other firms of deceptive and abusive practices.
The Second Circuit said Friday that a Jamaican immigrant convicted of a New York state marijuana charge should not be classified as an aggravated felon under the Immigration and Nationality Act.
Priderock Capital Partners has reportedly sold a Florida apartment complex for $44.4 million, the government of Uruguay is said to have picked up office space in New York for nearly $7 million and a venture that includes RSE Capital has reportedly dropped $56 million on a Florida apartment complex.
Eleven banks accused by fintech firm trueEX LLC of illegally boycotting its interest rate swaps platform and funneling business to an exchange they operated asked a Manhattan federal judge on Thursday to dismiss the suit, saying trueEX’s case is weaker than those of similar businesses in the multidistrict litigation.