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Colorado gets $1.1m in Pfizer settlement

Colorado will receive part of a $49.2 million judgment against Pfizer to resolve allegations that the drug company unlawfully promoted two of its medications. “The state will receive more than $1.125 million for future consumer protection efforts. “When it comes to something as important as people’s health, it is imperative that consumers receive accurate information,”… Continue Reading Colorado gets $1.1m in Pfizer settlement

AG announces settlement with GlaxoSmithKline

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  Colorado will be part of a 37-state, $90 million settlement with GlaxoSmithKline to resolve allegations that the drug manufacturer unlawfully promoted Avandia, a diabetes medication. Under the settlement, announced by Attorney General John Suthers, the state will receive $1.9 million in funds because the pharmaceutical company did not disclose all the medication’s negative side… Continue Reading AG announces settlement with GlaxoSmithKline

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  A federal appeals court has left intact a court judgment against tobacco companies that they must do corrective advertising about the dangers of smoking.   The companies sought to overturn a federal judge’s order which was based on a 2009 law that gave the Food and Drug Administration authority over the industry, including power… Continue Reading Court leaves ruling against big tobacco intact

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$25B US mortgage deal goes to states

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A draft settlement between the nation’s major banks and U.S. states over deceptive foreclosure practices has been sent to state officials for review. Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement, which could be as high as $25 billion. About 750,000 Americans… Continue Reading $25B US mortgage deal goes to states

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Colorado is part of a $34.5 million multi-state settlement with GE Funding Capital Market Services, according to the state’s attorney general’s office. The settlement involved allegations that the company engaged in anticompetitive conduct in the municipal bond derivatives industry, said Attorney General John Suthers. The settlement is a component of a $70 million coordinated state… Continue Reading Colorado part of $34M settlement with GE Funding Capital

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Raymond James is 16th to settle in ARS complaints

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Raymond James Financial Services agreed Wednesday to buy back in excess of $25 million worth of auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The firm was accused of allowing salespeople to tell investors that the auction rate securities were just as liquid as money market accounts, but… Continue Reading Raymond James is 16th to settle in ARS complaints

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Colorado is part of a $56.75 million multi-state settlement with Wells Fargo to settle allegations related to municipal bond derivatives. The suit alleges misconduct by people working at Wachovia, which Wells Fargo acquired in 2008, and says those people engaged in anti-competitive conduct in the municipal bond derivatives industry. The settlement is a component of… Continue Reading Colorado to receive part of multi-million Wells Fargo settlement

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Englewood CH2MHill pays $1.5 million in settlement

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A subsidiary of CH2M Hill Companies Ltd. has agreed to pay $1.5 million to resolve allegations that it submitted false claims and paid kickbacks relating to a federal contract to manage mixed radioactive waste at the Hanford nuclear site in south-central Washington state. The Justice Department alleges two former employees of the Englewood, Colo.-based firm… Continue Reading Englewood CH2MHill pays $1.5 million in settlement

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AG settles with debt-relief company

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Attorney General John Suthers reached a settlement with Real Talk Network, David A Burke and Melodie Burke to keep the company from selling, marketing or advertising any debt relief services. The company will also pay the state $226,414, including $200,000 in consumer restitution, as part of the settlement. The settlement results from a lawsuit from… Continue Reading AG settles with debt-relief company

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Colorado part of JPMorgan Chase settlement

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Colorado is part of a $92 million multi-state settlement with JPMorgan Chase to settle allegations that people working for subsidiaries of the financial holding company engaged in anti-competitive conduct in the municipal bond derivatives industry. The settlement is one component of a $228 million coordinated law enforcement and regulatory action, involving the Department of Justice,… Continue Reading Colorado part of JPMorgan Chase settlement

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