Law News
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Bank of America Corp. and JPMorgan Chase & Co. were among 17 banks sued by the U.S. to recoup $196 billion spent on mortgage-backed securities bought by Fannie Mae and Freddie Mac.
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Former Major League Baseball pitcher Roger Clemens must face another trial on charges that he lied to Congress about using performance-enhancing drugs including steroids, a federal judge in Washington said.
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BP Plc gave inaccurate information about the location of hydrocarbon zones, a risk factor, in the Macondo oil well to avoid stalling the project before the well blew out in April 2010, Halliburton Co. said in a lawsuit.
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The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, Iowa Attorney General Tom Miller said.