Northwest Hospital & Medical Center fails to properly screen poor patients eligible for charity care, instead sending their debts for collection in violation of state law, according to a class-action lawsuit filed Tuesday. The suit, filed in King County Superior Court, seeks damages on behalf of two low-income men who sought emergency services at Northwest, which is operated by UW Medicine. It …
Hedge funds who own debt at Puerto Rico’s Government Development Bank are accusing the bank and the island’s governor of giving preferential treatment to local creditors under a law designed to restructure GDB’s debt, signaling a breakdown in a tentative restructuring …
The money from the class-action lawsuit will be split among 1,589 people. “What we asked the jury to do was to not just return the illegal money that was taken, but to also return the profits that were made from that money,” said Phillip Robinson, an attorney with the Consumer Law Center LLC. Robinson said debt collection company LVNV Funding LLC re-invested the money collected from Maryland …
When Jane C. Forrester Winne’s federal student loans were dismissed after she became disabled because of complications from diabetes in 2011, she believed all the money she borrowed between 1980 and 2008 to attend the University of Maine had been accounted for and that she was free and clear of debt. Three years later, Forrester Winne, 64, of Orono began getting letters and …
Millions of Americans live with the possibility that, at any moment, their wages or the cash in their bank accounts could be seized over an old debt. It’s an easily ignored part of America’s financial system, in part due to a common attitude that people who don’t pay their debts deserve what’s coming to them. A couple of years ago, we set out to find out more about the growing use of the courts …
Two years ago, the president of Credit Management Services, a collection agency in Grand Island, Nebraska, presented a struggling local family with the keys to a used 2007 Mercury Grand Marquis. To commemorate the donation, the company held a ceremony that concluded outside its offices, where the couple and their two young girls could try out their new car. But CMS played …
Two years ago, the president of Credit Management Services, a collection agency in Grand Island, Nebraska, presented a struggling local family with the keys to a used 2007 Mercury Grand Marquis. To commemorate the donation, the company held a ceremony that concluded outside its offices, where the couple and their two young girls could try out …
John Thornton has finally addressed the recurring outcry over his compensation – by taking a nearly $10-million (U.S.) cut in pay. The executive chairman of Barrick Gold Corp. will receive $3.1-million for his work in 2015, a dramatic reduction from the $12.9-million he pocketed for 2014. Shareholders have twice voted against Mr. Thornton’s compensation package in recent years through non- …
Phoenix-based mining giant Freeport-McMoRan has endured a riches-to-rags turnaround. Things might stay depressed for a while longer. Freeport-McMoRan(Photo: Courtesy of Freeport-McMoRan)
Story Highlights
Three years ago, the roughly 4-percent dividend yield paid by Freeport-McMoRan Inc. looked like a pretty good deal — and plenty safe.