lawsuits
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."
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EVT America
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.
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tagged.com
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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refunds
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.
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chase
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.
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aig bailout
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.
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aig bailout
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.
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bonus backlash
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.
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something happened
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.
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aig bailout
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.
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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.
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cvs
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.
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guilty
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."
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