by | Oct 20, 2010 | Towing
The FBI is trying to determine if large lenders broke the law in the mortgage foreclosure crisis.
The agency is trying to determine whether individuals working for large mortgage lenders acted with criminal intent or were simply overwhelmed by events during the crisis, The Associated Press reported without naming its sources.
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Attorneys general in all 50 states are currently…
Continue reading FBI Reportedly Investigating Foreclosure Crisis
FBI Reportedly Investigating Foreclosure Crisis originally appeared on DailyFinance on Wed, 20 Oct 2010 06:32:00.
Filed Under: Company News, Bank of America, Real Estate, Taxes, Credit
by | Oct 19, 2010 | Towing
Legal wrangling may delay Volkswagen’s (VLKAY) merger with Porsche, Volkswagen CEO Martin Winterkorn said.
Volkswagen planned to complete a merger with Porsche in 2011. Porsche originally planned to buy Volkswagen by securing stock options, only to see its debt levels surge.
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Now, U.S. based-short-sellers of Volkswagen stock are suing Porsche. They say the sports-car maker secretly…
Continue reading Legal Problems May Delay Volkswagen’s Merger With Porsche
Legal Problems May Delay Volkswagen’s Merger With Porsche originally appeared on DailyFinance on Tue, 19 Oct 2010 06:33:00.
Filed Under: Company News, Autos, Small Business
by | Oct 15, 2010 | Towing
Countrywide Financial Corp. co-founder Angelo Mozilo, along with two others, has reached a settlement agreement with the Securities and Exchange Commission related to charges of insider trading and civil fraud.
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by | Oct 15, 2010 | Towing
Angelo Mozilo, the former CEO of Countrywide Financial, is in talks with the SEC about a possible deal that could let him avoid standing trial for fraud charges, The Wall Street Journal said.
Talks between Mozilo, two other former executives and the …
by | Oct 14, 2010 | Towing
Switzerland’s UBS (UBS) will not take legal action against former employees for racking up the massive losses on subprime mortgages that left the company needing a bailout.
Kaspar Villiger, the UBS chairman, said that company was looking to the futur…
