BNP Paribas agrees to pay $9 billion for Trading with Enemy violations.
The new development is spelled out in a lawsuit AIG filed Friday in the New York State Supreme Court in Manhattan.
With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.
Lenders group says New York law violates constitutional mandate prohibiting state, mayor from interfering in the regulation of the local taxi industry.
The Appellate Division of the New York State Supreme Court yesterday granted MBIA's motion to dismiss a suit brought against it by a group of banks that had sought to block the transformation of the Armonk NY financial insurance company.