VENTURE CAPITAL POST

Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.

Terming the daily fantasy sports as illegal gambling, the New York Attorney General has filed a lawsuit against DraftKings and FanDuel. While the lawsuit proceeds in its own pace, banking giant Citigroup has imposed a ban on transactions to the DFS sites by the New Yorkers. Some US states express reluctance while some declare the sites as legal.

Abercrombie & Fitch confirmed it would end on-call scheduling to its employees on September in response to New York Attorney General Eric Schneiderman's letter regarding the 'illegal' irregular work shift.

The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.

BlackRock will be ending its worldwide analyst survey program as part of its agreement with the office of the New York Attorney General, Reuters reported.

NY State Attorney General files lawsuit against Trump investment school for operating without a license.

An investigation by New York's top prosecutor into whether a group of private equity firms used a fee arrangement to dodge taxes may be undermined by the state's own public pension fund.

It's uncertain whether New York state attorney general Eric Schneiderman's investigation of the private equity industry's tax practices will result in big financial settlements.