GE Pays $1.5B To End DOJ’s Crisis-Era Mortgage Claims
Law360 (April 12, 2019, 1:01 PM EDT) -- General Electric will pay $1.5 billion to end the U.S. Department of Justice's claims over subprime home loans that were bundled into the kind of risky securities that kneecapped the financial world when the underlying mortgages failed en masse around 10 years ago, the DOJ announced Friday.
General Electric’s Friday settlement with the DOJ is the latest in a string of enforcement actions over the failures that led to the 2008 financial crisis. (AP) The settlement is the latest in a line of enforcement actions under the Financial Institutions Reform, Recovery, and Enforcement Act aimed at the failures that led to the financial...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!