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 could [...] [...]
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 and [...] [...]
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 with [...] [...]
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 a $148 [...] [...]
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 improperly [...] [...]
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 the office [...] [...]
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, the [...] [...]
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.
UBS will [...] [...]
Colorado will received $425,000 as part of a multi-state settlement with Dannon about allegations that the food company made unsubstantiated claims concerning the health benefits of its Activa and DanActive products.
The $21 million settlement is the largest multi-state settlement based on the improper marketing of a food product.
Under the 39-state agreement, Dannon will be barred [...] [...]
State workers’ compensation insurer, Pinnacol Assurance, will have to pay $15 million back to some of its policy holders and an $80,000 civil penalty under a settlement announced today with the Division of Insurance.
The division discovered some irregularities with the way Pinnacol was determining rates for workers’ compensation claims. The company is a quasi-governmental agency [...] [...]
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