Consumerist
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lawsuits
Selling Expired Products: CVS To Pay $875,000 Settlement
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 » -
lawsuits
NY AG: Intel Is An Illegal Monopoly That Uses "Bribery And Coercion"
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 » -
EVT America
EVT America Delivers Slow, Inaccurate Scooter, No Lemon Law Refund
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 » -
tagged.com
NY Attorney General Unfriends Tagged.com, Files Lawsuit
New York's crusading Attorney General, Andrew Cuomo, has a new target:social networkingcontact-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? More » -
refunds
U.S. Open Backtracks After Telling 42,500 People They'll Get No Refund For Spending A Day In The Rain
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 » -
chase
Chase Stops Charging $120 Annual Fee For Balance Transfer Customers
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 » -
aig bailout
NY AG: AIG Paying "Retention" Bonuses To People Who Left The Company
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 » -
AIG Misses Their 4:00 PM DeadlineAs promised, New York Attorney General Andrew Cuomo has issued subpoenas requesting the names of those members of AIG's Financial Products division who will be receiving bonuses.
"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."
[Bizjournals] (Thanks, Tim!) MORE » -
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aig bailout
NY Attorney General To AIG: You Have Until 4:00 PM To Give Us The Names
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 » -
executive compensation
Merrill Lynch Bonus Recipients May Be Revealed Next Week
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 » -
executive compensation
Andrew Cuomo & Barney Frank Demand Names Of Million Dollar Bonus Execs
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 » -
bonus backlash
NY AG To Find Out Who Got The Merrill Bonus Money "By Whatever Means Is Necessary"
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 » -
something happened
Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses
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 » -
wall street bailout
NY AG: Before Losing $15 Billion, Merrill Lynch Quietly Made 696 Employees Millionaires
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 »
11:33 AM on Wed Feb 11 2009
By Meg Marco
18,856 views, 135 commentsMost discussed t-r0y: I don't see how you can continue to bad mouth these banks and investment firms without some comment about the more »
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aig bailout
AIG: No Bonuses For Top Executives This Year
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 » -
deceptive practices
NY Attorney General: 25% Of Gas Stations "Engage In Deceptive Practices"
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 » -
cvs
NY AG Will Take Legal Action Against CVS & Rite Aid For Selling Expired Milk, Baby Formula
Back in March, New York Attorney General Andrew Cuomo's Office started an undercover investigation into all major drug store chains in New York State. The AG's Office uncovered what they describe as an "egregious" pattern of selling expired products at two chains, Rite Aid ad CVS. More » -
guilty
Judge: "Dell Has Engaged In Repeated Misleading, Deceptive And Unlawful Business Conduct"
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 »
andrew cuomo
New York, 4:05 AM
Mon Nov 23
7 posts in the last 24 hours
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