Federal and state prosecutors are closing yet another chapter in its investigation related to banks’ roles in the financial crisis. To that end, Goldman Sachs has agreed to pay $5.06 billion to settle claims it misled mortgage bond investors during the period leading up to the crisis. [More]
time to pay up
Goldman Sachs To Pay $5B To Settle Charges Of Selling Troubled Mortgages Ahead Of The Financial Crisis
Almost exactly a year after Morgan Stanley agreed to pay $2.6 billion to close the books on a Department of Justice investigation related to it role in the subprime mortgage crisis, the company is set to pay another $3.2 billion to settle federal and state allegations that it deceived investors in toxic mortgage-backed securities. [More]
A federal jury in Minnesota decided Tuesday that the design of a 1996 Toyota Camry involved in an accident that killed three people and left two seriously injured had a dangerous defect that was partly responsible for the crash, despite the automaker’s claims to the contrary. Toyota now has to pay almost $11 million to the victims.
If the ongoing battle between online retail giant Amazon and individual states has taught us anything, it’s that there’s a lot of money to be made from e-sales taxes. And since we as customers aren’t so great when it comes to paying those on our own, states across the country are ramping up efforts to have those taxes levied by the retailers themselves.