Supreme Court: police cannot enter driveway to search vehicle without warrant
The US Supreme Court ruled Tuesday that the Fourth Amendment’s automobile exception does not permit a police officer to enter the area around a home to search a parked vehicle without an invitation or a search warrant. In Collins v. Virginia , the defendant was convicted of receiving a stolen motorcycle after a police officer [...]
The Turin Court of Appeals in Italy on Thursday sentenced two former advisers to the Italian car company Fiat to one year and four months in prison for misleading the market in 2005 when the...
Bank of America settles bond insurer lawsuit for $375 million
Bank of America (BOA) agreed Tuesday to pay $375 million in a settlement with bond insurer Syncora Guarantee over claims that Syncora was misled into insuring toxic mortgage-backed securities of BOA-owned Countrywide Financial Corporation [NYT...
Federal judge refuses to dismiss shareholder lawsuit against Bank of America
A judge for the US District Court for the Southern District of New York (SDNY) on Wednesday rejected a motion by Bank of America (BOA) to dismiss a shareholder lawsuit alleging BOA's purposeful concealment of...
US lawmaker proposes amendment limiting corporate campaign spending
Senator Bernie Sanders (I-VT) on Thursday introduced a constitutional amendment that would exclude a corporation's First Amendment rights to spend money on political campaigns. Named the Saving American Democracy Amendment the proposal would make...
US Attorney Preet Bharara filed a civil suit on Tuesday against Deutsche Bank in the US District Court for the Southern District of New York accusing the bank of engaging in mortgage fraud. Through...
Bankrupt mortgage company CEO pleads guilty to $1.5 billion fraud scheme
The US Department of Justice (DOJ) announced on Friday that the former CEO of mortgage company Taylor, Bean & Whitaker (TBW) pleaded guilty on charges of fraud related to the Troubled Asset Relief...
The US Department of Justice (DOJ) on Wednesday announced that a grand jury has indicted the former CEO of mortgage company Taylor, Bean & Whitaker (TWB) on charges of fraud related to the...
US lawmakers call for legislation to limit corporate campaign spending
US lawmakers on Thursday called for legislation to mitigate the effects of the recent Supreme Court decision easing restrictions on political campaign spending by corporations. The proposal was put forth by Senator Charles Schumer (D-NY)...
The US Supreme Court on Monday dismissed the final challenge to the sale of Chrysler Group assets to Italian automaker Fiat . The Court granted, vacated, and remanded Indiana State...
