Daily Archives: April 5, 2014

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Greed: A Musical for Our Times Opens Off-Broadway

Greed: A Musical for Our Times Opens Off-Broadway

A new musical comedy targeting the world’s greediest.

Who said material wealth was overrated? Greed: A Musical for Our Times opens officially on April 3 at New World Stages. The show is written by Michael Roberts and directed by Christopher Scott.

What do Jamie Dimon, Lance Armstrong, Pope Francis and Bernie Madoff have in common? They all appear in Greed. The musical comedy’s targets range from Ponzi schemes to the not-so-subtle sales pitches of retirement planners and mortgage bundlers. With numbers like “A Little Juice,” “Inside Information,” “I’ll Cheat On My Taxes” and “The Ballad of Jamie Dimon,” Greed takes aim at the obvious, and not so obvious, offenders.

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CA Gov greeted the Supreme Court’s latest blow to campaign-finance law by signing a bill to enforce so-called “dark money” disclosures

CA Gov greeted the Supreme Court’s latest blow to campaign-finance law by signing a bill to enforce so-called “dark money” disclosures

CN) – Gov. Jerry Brown greeted the Supreme Court’s latest blow to campaign-finance law by signing a California bill to enforce so-called “dark money” disclosures.
     Assembly Bill 800, which Brown signed Thursday, aims to bolster the ability of the California Fair Political Practices Commission to enforce campaign-finance disclosures before and after elections.
     The bill makes several changes to the Political Reform Act of 1974, allowing the state commission to conduct audits and use injunction power to compel disclosure during elections. Prior to the bill, the FPPC was unable to audit committees until after the close of general elections.
     AB 800 also puts pre-election FPPC civil actions on a fast track to ensure that disclosures occur before Election Day.
     “Today California took a big step towards ensuring that campaign laws are followed before the election, when it matters,” FPPC executive director Erin Peth said in a statement . “AB 800 gives the FPPC additional tools it needs to get disclosure in the evolving world of campaign finance.”
     The FPPC, headed by a five-member commission, investigates alleged violations of the Political Reform Act – regulating campaign financing and spending, lobbyist registration and reporting, and financial conflicts of interest.
     “This is a serious blow to individuals trying to conceal the identities of major donors,” Peth added. “This bill enhances the FPPC’s ability to be proactive in making sure campaign finance laws are being complied with during the election, when they matter most.”

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Wells Fargo Blasts Objections To $15M Wage Settlement

Wells Fargo Blasts Objections To $15M Wage Settlement

Law360, New York (April 04, 2014, 3:20 PM ET) — Wells Fargo & Co. Inc. on Thursday refuted allegations that its $15 million settlement with mortgage consultants over wage-and-hour violations was too broad, telling a Texas district court that plaintiffs who objected to the agreement lacked standing because the deal didn’t cover their claims.

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Bank of America Will Pay $228M in Forced-Insurance Accord

Bank of America Will Pay $228M in Forced-Insurance Accord

Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed.

The amount was disclosed in a document requesting approval for the accord filed yesterday in Miami federal court. Lawyers for homeowners told a federal judge in February that the Charlotte, North Carolina-based bank had agreed to a deal without providing further information.

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ABC News Exclusive: Grand Jury Convened in Christie Bridge Scandal Probe

ABC News Exclusive: Grand Jury Convened in Christie Bridge Scandal Probe

The U.S. Attorney in New Jersey has convened a grand jury to investigate the involvement of Governor Chris Christie’s office in the George Washington Bridge scandal, ABC News has learned.

Twenty-three jurors convened in a federal courthouse in Newark today to hear testimony from a key staff member, Christie press secretary Mike Drewniak, whose lawyer, Anthony Iacullo, said Drewniak was not a target of the investigation.

“We’re here to answer questions and that’s what Michael did today,” Iacullo said.

The convening of the grand jury is evidence that the U.S. Attorney’s investigation has progressed beyond an inquiry and moved to the criminal phase.