Bank of America Corp. has agreed to settle a lawsuit by loan department employees in California who claim the company failed to pay them overtime. Under the settlement, Bank of America will pay $6.68 million to the workers and up to $2.25 million to the workers' attorneys, company spokeswoman Shirley Norton said.
The U.S. government has formally asked China to turn over details of its policies for censoring websites. U.S. Trade Representative Ron Kirk said Wednesday in a statement that the request is being pursued under World Trade Organization rules governing how member countries deal with trade issues. Kirk said the concerns center on the competitiveness of foreign websites in China. China heavily censors its Internet, and Kirk said the U.S. wants to understand China's rules governing website blocking so that foreign websites can adopt policies to avoid being blocked. The request also seeks information on the mechanics of Internet censorship in China, and whether it's implemented directly by the government or indirectly by Internet providers. Some 500 million people in China use the Internet. ...
... said Wednesday that the big Wall Street bank bet against the investment in 2007 and made $160 m...
NEW YORK -- Four of the nation's largest merchant associations have joined the legal battle to force credit card issuers to lower the fees they charge for processing transactions. The class action suit accuses Visa USA, MasterCard Inc. and a number of major banks, including Citigroup Inc., Bank of America Corp. and JPMorgan Chase and Co., of engaging in collusive practices in setting their interchange fees. The suit seeks an injunction to stop the alleged collusion as well as damages, which weren't specified.
...To persuade white Americans of the justice of Negro claims, King invoked a sim...The Justices who vote against affirmative action and other race-conscious civil rights policies are... groups, and so bars all racial classifications, except as a remedy for specific wrongdoing. The J... white test-takers and one Hispanic brought suit, alleging that New Haven's decision to throw out t...Fort Worth Bank & Trust, 487 U.S. 977, 992 (1988) (plurality opini...
The state's public pension fund has emerged victorious in a $624 million class-action suit against Countrywide Financial Corp., the giant mortgage lender now owned by Bank of America. The state's $130 billion Common Retirement Fund teamed up with a handful of New York City pension funds in the suit, which accused Countrywide of misstatements and omissions about its residential mortgage business, to the funds' disadvantage.
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