Home Depot Earns 83 Cents/Share in Q1 vs 77 Cents/Share Forecast
Lawsuits
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*Morgan Stanley declines comment; ING denies wrongdoing. The Birmingham, Alabama- based laboratory, a customer of Morgan Stanley, is seeking class-action status on behalf of participants in potentially thousands of retirement plans overseen by Morgan Stanley, and retirement plans for which ING provides services.
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According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels& Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining assets and wind down.
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COLUMBIA, S.C.-- The South Carolina Supreme Court on Wednesday threw out a lawsuit challenging billions of dollars in sales tax exemptions, without weighing in on the exemptions' legality. House Speaker Bobby Harrell characterized the case, which sought to strike all exemptions, as seeking a $3 billion back-door increase.
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NEW YORK, May 8- MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday.
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May 8- Viacom Inc said on Wednesday an antitrust lawsuit by Cablevision Systems Corp accusing it of forcing cable providers and subscribers to buy channels they don't want, should be thrown out.
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NEW YORK, May 8- MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday. An MBIA spokesman declined comment, and a spokesman for Societe Generale did not immediately return a call for comment.
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May 8- Viacom Inc said on Wednesday a $1 billion lawsuit by Cablevision Systems Corp accusing it of forcing cable providers and subscribers to buy channels they don't want, should be thrown out.
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May 8- A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case. Bank of America had sought to dismiss the lawsuit, which seeks penalties under two laws.
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Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a judge in Houston.
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WASHINGTON, May 8- A federal judge on Wednesday said the U.S. can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae. and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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May 7- Mortgage finance company Fannie Mae and accounting firm KPMG have agreed to pay $153 million to settle a shareholder lawsuit filed by Ohio pension funds and others accusing the companies of issuing false and misleading financial reports, the Ohio attorney general said on Tuesday.
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*Bank of America to defend against remaining claims. May 7- American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.
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May 7- Dow Chemical Co has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture. Last year the International Chamber of Commerce's International Court ruled that PIC had violated its agreement with Dow Chemical.
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**MBIA INC, $14.98, up 5 pct. **BANK OF AMERICA CORP, $13.06, up 1.4 pct. Bank of America has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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The Empire State is suing two big banks for violating the nation's mortgage settlement. Eric Schneiderman, New York attorney general, discusses.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.