Government




Banks Must Defend Libor Lawsuits After Judges Warn of Impact

Sixteen of the world’s largest banks including JPMorgan Chase & Co. and Citigroup Inc. must face antitrust lawsuits accusing them of hurting investors who bought securities tied to Libor by rigging an interest-rate benchmark, a ruling that an appeals court warned could devastate them. The appellate judges reversed a lower-court ruling on one issue — whether the investors had adequately claimed …


Attorney General Calls North Carolina LGBT Law ‘State-Sanctioned Discrimination’

Attorney General Loretta Lynch struck back against North Carolina’s lawsuit over the state’s controversial LGBT law, calling it “state-sanctioned discrimination” against transgender people. North Carolina Gov. Pat McCrory on Monday filed a lawsuit against the federal government after it warned the state last week to back down from its controversial LGBT law or risk losing millions of dollars in …


Give It a New Name

If government–or at least government regulators, apparatchiks and other place-holders–get their way, it’s going to be a lot easier to sue your bank. Just what this country needs. …


Federal Government: Dismiss Nuke Fuel Project Lawsuit

South Carolina’s lawsuit calling for million-dollar fines and plutonium removal should be dismissed because the state is wrongly interpreting the laws governing a long-delayed nuclear fuel project, the U.S. Energy Department said in court documents. In its first official response to the state’s lawsuit, the federal government also argued Monday that any potential fines for …


Why Suing Your Bank Could Help Others Avoid Being Ripped Off

A new proposal by the nation’s chief consumer watchdog could help government regulators and prosecutors stop big banks’ dubious practices more quickly. The Consumer Financial Protection Bureau on Thursday suggested a ban on clauses tucked into contracts for credit cards, student loans and other financial products that prohibit consumers from joining together to sue financial companies for …


Genovese Mob Snitch Allowed to Pursue Lawsuit Against Feds

​A wannabe-wiseguy who turned government stool pigeon was reduced to tears Thursday when a Post reporter told him his lawsuit against the feds got a thumbs up from a judge. Genovese mobster-turned-FBI informant Joseph Barone​, 54,​ ​sobbed tears of joy when told he’d been ​given the green​ ​light to sue the feds for prosecuting him in a murder-for-hire that he claims was all part of his …


Australia Cancer Con Woman Belle Gibson Faces Lawsuit Over Healthy Diet Farce

Officials say Australian author and blogger Belle Gibson faces a possible government lawsuit after admitting that she lied about beating a normally deadly brain tumor through healthy eating and natural therapies. The 24-year-old social media entrepreneur and author of “The Whole Pantry,” a cookbook that detailed her purportedly life-saving diet, admitted a year ago that …