TITLE

Judge Endorses Use of Fraud Law Against Bank of America

AUTHOR(S)
Raymond, Nate
PUB. DATE
August 2013
SOURCE
Banking Strategies Daily;8/20/2013, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the endorsement of U.S. District Judge Jed Rakoff of a broad interpretation of a savings and loan law that the Justice Department attempted to use in fraud case against banks in New York City. It notes that the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) allows the interpretation that the government sought. It also mentions that the FIRREA has a low burden of proof, strong subpoena power, and a 10-year statute of limitations.
ACCESSION #
90223235

 

Related Articles

  • Why a Federal Judge Trashed the SEC's Settlement With Citigroup. Wang, Marian // Pro Publica;11/28/2011, p2 

    The article discusses the proposed 285 million dollar settlement between the U.S. Securities and Exchange Commission (SEC) and Citigroup Inc., which was discarded by the U.S. District Judge Jed Rakoff. As mentioned, Rakoff objected the SEC's allegations and said that they are not matching the...

  • Rajat Gupta Tries New Legal Recourse to Overturn Conviction.  // India -- West;7/31/2015, Vol. 40 Issue 37, pB6 

    No abstract available.

  • Swipe-Fee Surcharge Ban Ruled Unconstitutional.  // ISO & Agent Weekly;10/10/2013, Vol. 9 Issue 37, p27 

    The article reports that U.S. District Judge Jed Rakoff of Manhattan, New York ruled as unconstitutional a New York statute banning merchants from surcharging customers to make for credit-card swipes following a legal challenge filed by several small businesses.

  • Citi-SEC Deal to Face 'Judge Dread' Hurdle. Horwitz, Jeff // American Banker;11/7/2011, Vol. 176 Issue 171, p3 

    The article discusses Citigroup Inc.'s proposed $285 million settlement with the U.S. Securities and Exchange Commission which is scheduled for a fairness hearing before federal judge Jed Rakoff in New York.

  • N.Y. Judge Rejects Citigroup's $285M MBS Settlement.  // American Banker;11/29/2011, Vol. 176 Issue 183, p2 

    The article reports U.S. District Judge Jed Rakoff rejected Citigroup Inc.'s $285 million settlement with the Securities and Exchange Commission over claims that Citigroup misled investors about mortgage-backed securities.

  • Federal death penalty ruled unconstitutional. Browne, J. Zamgba; Dumpson, Christopher // New York Amsterdam News;7/4/2002, Vol. 93 Issue 27, p4 

    Focuses on the decision of judge Jed Rakoff declaring the federal death penalty unconstitutional in New York City. Satisfaction of the Afro-American and Hispanic communities on the statement; Comment of representative Charles Rangel on the ruling of Rakoff; Belief of gubernatorial candidate H....

  • Federal judge blocks SEC from striking settlement in Citigroup fraud inquiry. Wasson, Erik // Hill;11/29/2011, Vol. 18 Issue 163, p14 

    The article reports that Judge Jed Rakoff of the U.S. District Court for the Southern District of New York has prevented the Securities and Exchange Commission (SEC) from conducting a fraud-related investigation into Citigroup Inc. in 2011.

  • AIDS Litigation Notes. A. S. L. // Lesbian -- Gay Law Notes;Feb2005, p37 

    The article presents information related to AIDS litigations. The U.S. Court of Appeals for the 2nd Circuit affirmed a ruling by District Judge Jed Rakoff that the agency that operates New York City buses did not violate the Americans With Disabilities Act when it requested that a bus driver who...

  • Judge puts the brakes on Citigroup settlement. Gordon, Marcy // Buffalo Law Journal;11/10/2011, Vol. 83 Issue 90, p4 

    The article reports that U.S. District Judge Jed Rakoff in Manhattan hindered Citigroup Inc.'s settlement due to its insufficiency.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics