New York Said to Open Investigation into Potential Small-Business Lending Abuse

Article 0 Comments New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide, according to a person familiar with the probe. Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused […]

New York Says Exxon Misled Investors About Climate Risks

Article 0 Comments New York’s attorney general on Wednesday sued Exxon Mobil, saying the Texas energy giant has misled investors about the risks that climate change poses to its operations. The lawsuit filed by Attorney General Barbara Underwood is the latest in a series of actions against the company claiming […]

New York AG ‘Puts Up,’ Sues Exxon Over Climate Change Disclosures

Article 0 Comments Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public disclosures about climate change, saying authorities should sue the energy giant or move on. […]

Wells Fargo Will Pay $65M Penalty to New York Over Cross-Selling Practices

Article 0 Comments Wells Fargo & Co. will pay a $65 million penalty to New York state related to its cross-selling practices. The bank failed to disclose to investors that the success of its cross-selling – the pitching of additional financial products to existing clients – was built on “sales […]

New York Contractor Pleads Guilty to $800K Business Fraud Scheme

Article 0 Comments State officials say an Albany-area contractor has pleaded guilty to scamming hundreds of thousands of dollars out of minority-owned businesses and failing to pay dozens of his employees. Attorney General Barbara Underwood said Friday that 47-year-old Michael Martin, of Latham, Mass., pleaded guilty in county courts in […]

Exxon Still Isn’t Complying With Climate Subpoenas, New York Says

Article 0 Comments Exxon Mobil Corp. is refusing to turn over documents crucial to New York’s investigation into whether the oil giant’s public statements about climate change misled investors, the state’s top lawyer said. Exxon hasn’t complied with subpoenas for cash-flow projections reflecting how it used so-called proxy costs to […]

New York Top Court Narrows Martin Act in $11B Credit Suisse Case

Article 0 Comments New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky mortgage securities. By a 4-1 vote, the state Court of […]