The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.
The US Justice Department considers any credible allegation for violation of Federal Laws under its geographical territory very seriously. The department has been conducting its war against corruption through seizing assets related to illicit activities. Following leak of ‘Panama Papers’, it has been reviewing documents related to tax dodging through offshore accounts.
The US 6th Circuit Court of Appeals on Friday ruled against food and beverage company Dean Foods Co. in an antitrust case. The said lawsuit alleged that Dean Foods conspired to restrict competition for bottled milk in southeastern states in the US after its 2001 merger with Suiza Foods Corp.
US antitrust regulators gave the green light to Gannett Co. Inc.'s $1.5 billion purchase of Belo Corporation as long as the deal excludes St. Louis television station KMOV-TV.
The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
US District Judge Denise Cote is considering the possibility of restricting Apple from making contracts with publishers for five years.
The five publishers that conspired with Apple objected to the US restrictions sought by the government against Apple in the e-book court case.
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.