andrew-cuomo

The NY AG's office says that CVS will pay an $875,000 settlement to end legal action against them over the sale of "expired products - including over-the-counter drugs, baby formula, milk, and eggs - at stores across New York State."  More »

Andrew Cuomo, the Attorney General of New York, has filed a lawsuit against Intel, claiming that the company is an illegal monopoly that engages "in a worldwide, systematic campaign of illegal conduct - revealed in e-mails - in order to maintain its monopoly power and prices in the market for microprocessors."  More »

Brett wants the EVT America electric scooter he was promised. A scooter that was supposed to have a top speed of 40-45 mph, and required a motorcycle license. Unfortunately, while at top speed the speedometer reads 45 mph, he claims that reality differs.  More »

New York's crusading Attorney General, Andrew Cuomo, has a new target: social networking contact-spamming site Tagged.com. He intends to stop the company's practices and seek fines from them. Were the fine $1 per spammy e-mail they've sent, the total would be $60 million. Too much?
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The U.S. Golf Association initially told 42,500 U.S. Open ticketholders who spent most of Thursday standing in the rain that they would be unable to refund or exchange their tickets. Then New York State Attorney General Andrew Cuomo stepped in and convinced the USGA to make the washed-out tickets valid for entry on Monday. Tomorrow's forecast: rain.  More »

We wrote in January about a new $10 per month fee that Chase was arbitrarily imposing on customers who had transferred balances to their Chase cards. Well after having a little chat with New York Attorney General Andrew Cuomo, Chase announced that they'll stop charging this ridiculous fee and they'll be refunding customers' previous payments.  More »

New York Attorney General Andrew Cuomo has written a letter to House Financial Services Chairman Barney Frank, offering some advice on what topics they might discuss at tomorrow's AIG hearing. Among them: Giving "retention" bonuses to people who have left the company, making 73 millionaires in "the unit which lost so much money that it brought the firm to its knees" and the fact that without a taxpayer bailout — the "best and brightest" at AIG wouldn't have jobs from which to collect impressive guaranteed bonuses.  More »

"We had given AGI up to 4 o'clock today to provide the information on the latest round of bonuses that they paid out," Cuomo told reporters. "Four o'clock has come and gone."  More »

Andrew Cuomo has written a letter to AIG in which he explains that they will turn over the names of those employees from the Financial Products subsidiary (that's the division that brought down the company) who are receiving bonuses by 4:00 pm today or they are coming at them with subpoenas. Yes, ladies and gentlemen, it's another awesome Andrew Cuomo letter after the jump.  More »

Well, it looks like the whole Merrill Lynch bonus scandal may have a Scooby Doo ending — with a judge unmasking the executives by the end of next week.  More »

New York Attorney General and House Financial Services Committee Chair Barney Frank have written a letter to Bank of America CEO Ken Lewis demanding the names of the nearly 700 executives who received bonuses in excess of one million dollars.  More »

The NY AG has served Bank of America with a subpoena after they refused to release the names of the individuals who received over $3 billion in bonuses while Merrill Lynch was hemorrhaging money.   More »

You know how Merrill Lynch recently lost $15 billion? Remember how we're in a unbelievably huge global financial crisis that threatens to unravel the fabric of our economy? John Thain says that's no reason not to pay billions of dollars in bonuses.  More »

New York Attorney General Andrew Cuomo wrote a letter yesterday to Rep. Barney Frank (D-Mass.), head of the House Financial Services Committee, (which is currently holding hearings Washington on how banks are spending bailout funds.) In the letter, Cuomo expresses concern that Merrill Lynch moved up their bonus schedule so that they could make sure that taxpayers would get the bill.  More »

It's apparently not entirely self-evident that when your company needs a taxpayer bailout you shouldn't get a "bonus," so money-sucking insurer AIG has written a letter to NY Attorney General Andrew Cuomo promising that their top executives will not get bonuses this year.  More »

New York's Attorney General, Andrew Cuomo, is warning consumers after an undercover investigation found that 25% of gas stations are engaging in "deceptive practices, including wrongfully surcharging credit card customers." The AG says that under New York state law, retailers are not allowed to impose surcharges for using a credit card.   More »

A state judge in Albany, NY has found that Dell "has engaged in repeated misleading, deceptive and unlawful business conduct,including false and deceptive advertising of financing promotions and the terms of warranties, fraudulent, misleading and deceptive practices in credit financing and failure to provide warranty service and rebates."   More »