Colorado is part of a $40.75 million settlement with pharmaceutical companies GlaxoSmithKline and SB Pharmco Puerto Rico Inc., to resolve allegations of deceptive trade practices, according to Attorney General John Suthers. Colorado will receive $839,479 under the settlement. A total of 36 states were part of the lawsuit, Suthers said. According to the complaint, the [...]
Continue reading …Colorado is part of a $90.8 million multi-state settlement with UBS over allegations that the bank engaged in anti-competitive conduct in the municipal bonds deritive industry. The settlement is one component of a coordinated law enforcement and regulatory action involving the U.S. Department of Justice, the Securities and Exchange Commission and the Internal Revenue Service. [...]
Continue reading …A Centennial mortgage broker and his companies must pay $1 million in civil penalties, consumer restitution and disgorgement for engaging in deceptive advertising and fraudulent loan-origination practices. Leo Shifrin was ordered to pay the settlement in Denver district court after Attorney General John Suthers took them to court over the alleged issues. The company is [...]
Continue reading …Two men who raised more than $1 million for housing projects – including the Broadmoor Bluffs in Colorado Springs – have been sentenced and fined for defrauding investors. A Douglas County District Court judge sentenced Adam Kelepolo to a 10-year community corrections sentence and ordered him to pay $820,000 in restitution to his victims. The judge also [...]
Continue reading …An Oklahoma-based tanning chain has agreed to pay $350,000 in customer restitution in an agreement with the Colorado Attorney General, John Suthers. At the Beach agreed to the fine and to halt deceptive sales practices. The settlement also means the tanning chain will have to record all its future sales. “We believe the company’s agreement [...]
Continue reading …Colorado Attorney General John Suthers filed a lawsuit yesterday against Regent Asset Management Solutions, a Denver-based debt collection agency. The suit also names Regent CEO Michael Scata, on suspicion that the company engaged in unlicensed debt collection in the state, and allegedly violated Colorado consumer protection statutes. According to the complaint filed in Denver District [...]
Continue reading …The Water Judge for the Division 2 Water Court in Pueblo, Dennis Maes, has approved new rules that will allow the state to enforce and comply with the Arkansas River Compact, conserving more water while still meeting downstream commitments. Colorado has nine interstate water compacts and two federal water decrees. Improvements can now be made, [...]
Continue reading …An Arapahoe County District Court judge approved a settlement that bars two men from “defrauding Colorado Businesses” through their business brokerage. Tyrone Tymkovich of Aurora and Sam Levine of Castle Rock were accused of defrauding more than 700 businesses in Colorado and other states through their two Englewood-based businesses, Corporate Acquisitions Group and Global Acquisitions [...]
Continue reading …Colorado’s attorney general has joined 32 other states to settle allegations that computer chip manufacturers colluded to artificially raise the prices of their products. The attorneys general filed suit in California federal court, alleging that the manufacturers of Dynamic Random Access Memory computer chips – used in desktop computers and electronic “Protecting Coloradans and Colorado [...]
Continue reading …Colorado’s candidates for attorney general are set to debate at the University of Denver. Republican incumbent John Suthers is facing a re-election challenge from Democratic Boulder District Attorney Stan Garnett. Suthers was appointed attorney general in 2005 and then elected in 2006. Garnett began serving his term as Boulder County’s top prosecutor on January 2009. [...]
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