SunTrust Banks’ decision at the onset of the recession to allow its employee retirement plan to continue investing in bank stock as it sustained billions in losses and the housing market collapsed is at the heart of multidistrict litigation that a federal judge has said will now proceed against the banking company as a class action. …
Friday marks one year since a train carrying a flammable liquid derailed in Blount County, catching fire and forcing thousands of people to leave their homes. After the derailment and evacuations, lawsuits started to be filed, some on behalf of residents and first responders. There are two lawsuits in federal court.
Retired NFL players who have been waiting since August 2013 for concussion settlement proceeds will be waiting even longer. Nine former NFL players have filed yet another appeal regarding the settlement, seeking a rehearing before the full U.S. Court of Appeals for the Third Circuit regarding the recent decision of a three-judge panel to uphold agreement to provide retired players with certain …
No one at Goldman Sachs will go to jail despite the company’s world-destroying, multi-billion-dollar frauds that culminated in its unloading billions’ worth of worthless mortgage-backed securities on its customers just before the crash. Goldman’s settlement requires it to admit that it knowingly committed these frauds for years on end. Again, no one will go to jail.