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N.Y. Attorney General Sues State Senate Leader

ALBANY, N.Y. – (AP) New York Attorney General Andrew Cuomo is accusing state Senate Majority Leader Pedro Espada Jr. of siphoning $14 million from the senator's government-funded Bronx clinic. Cuomo announced a lawsuit Tuesday against nearly 20 current and former officials of an Espada company...

N.Y. AG Sues Money Manager In Madoff Scandal

NEW YORK – (AP) New York's attorney general has sued a hedge fund management firm and two of its former executives for failing to alert clients about Bernard Madoff's investment practices. Andrew Cuomo's office claims the firm Ivy Asset Management discovered a decade ago that Madoff...

NYC Developer Slapped With AG Lawsuit

NEW YORK - (AP) New York's attorney general is accusing a real estate developer of stealing from and underfunding a $7.4 million reserve fund for his Manhattan condominium. Attorney General Andrew Cuomo claims Yair Levy put up only $1.6 million into the Rector Square condo fund in Battery Park City...

Final Approval Granted In $350 Million Settlement With United In Reimbursement Dispute

NEW YORK - (Mealey's) A New York federal judge on Sept. 20 granted final approval to a $350 million class action settlement with United HealthCare Corp., ending claims that United companies allegedly underpaid professional providers for out-of-network services ( The American Medical Association,...

Internet Marketer Webloyalty Settles N.Y. Complaints

NEW YORK - (AP) An Internet marketing company has agreed to pay $5.2 million to settle complaints that it duped consumers into signing up for discount clubs with tough-to-notice monthly fees. Webloyalty.com, based in Norwalk, Conn., also has agreed to give some of its customers refunds and permanently...

New York AG Sues FedEx Unit Over Contractor Issue

(AP) New York Attorney General Andrew Cuomo is suing Federal Express' ground package delivery unit, alleging its classification of drivers as independent contractors illegally deprives them of legal protections workers enjoy. The lawsuit accuses FedEx Ground Package System Inc. of concocting "an...

The N.Y. Attorney General’s Lawsuit Against E&Y: Substance vs. Form

Lehman Brothers' auditor Ernst & Young was named as a defendant in a Martin Act securities fraud suit by the New York Attorney General. The complaint claims that for years the giant accounting firm issued clean audit opinions on Lehman's financial statements while knowing that they were false...

Some Questions About the N.Y. AG's Lehman-Related Complaint Against E&Y

New York Attorney General Andrew Cuomo's December 21, 2010 filing of a civil fraud lawsuit against Ernst & Young in connection with the audit firm's services to Lehman Brothers has captured headlines in business pages around the world. The complaint itself, which can be found here , raises...

N.Y. Attorney General Sues Online Tobacco Sites

MINEOLA, N.Y. - (AP) Six website operators are violating a state law that bans the online sale of tobacco to customers in New York, Attorney General Eric Schneiderman said Thursday. Schneiderman said lawsuits were filed a day earlier in state Supreme Court in Manhattan, seeking $5,000 in fines for each...

Delaware Judge Denies New York Request For Intel Information

WILMINGTON, Del. - (AP) A Delaware judge on Monday shot down an attempt by New York authorities to obtain confidential information from a lawsuit between Nvidia Corp. and rival chipmaker Intel Corp. as they investigate alleged anticompetitive behavior by Intel. An antitrust official with the New York...

Judge Denies New York Attempt To Amend Intel Lawsuit

DOVER, Del. - (AP) A federal judge in Delaware is rejecting a bid by New York's attorney general to amend an antitrust lawsuit against Intel. New York officials alleged in a 2009 lawsuit that Intel had paid billions of dollars in kickbacks to computer manufacturers in order to dominate the market...

Environment Groups File Lawsuit Over Natural Gas Drilling Regulations

NEW YORK - (AP) Environmental groups filed a lawsuit Thursday in New York City to force federal officials to conduct an environmental review before issuing final regulations on natural gas drilling in the Delaware River Basin because of concerns over the method used to remove the gas. The lawsuit asks...

The Week in Securities Litigation: SEC Settles 2 Insider Trading Cases, Brings 3 Investment Fund Lawsuits

The SEC settled two insider trading cases this week while bringing three investment fund fraud suits, two of which involved recidivists who are alleged to have diverted investor funds from their current scheme to make payments in their prior criminal case. The CFTC Division of Enforcement filed a record...

2nd Circuit Reinstates Smuggling, Racketeering Claims Against R.J. Reynolds

NEW YORK — (Mealey’s) The European Community (EC) is an agency or instrumentality of its member states for the purpose of diversity jurisdiction in U.S. federal courts, and allegations of cigarette smuggling, racketeering and money laundering brought by the EC against the corporate parent...