today filed lawsuitsagainst 17 financial institutions – Works Rights Compliance Alliance

Works Rights Compliance Alliance

California Sets Precedent: No More Hiding Behind Bogus PEOs – Workers Rights Compliance, Precedent Set: Employers Can’t Outsource Accountability – Workers Rights Compliance, DLSE Draws the Line: Fraudulent PEO Coverage Doesn’t Cut It – Workers Rights Compliance, New Legal Benchmark: PEO Schemes Won’t Shield Employers – Workers Rights Compliance, Garcias Pallets Case Becomes First-Ever DLSE Precedent – Workers Rights Compliance, Historic First: California Labor Commissioner Issues Precedent Ruling on PEO Fraud – Workers Rights Compliance, DLSE Makes It Official—No Valid Workers’ Comp, No Excuses – Workers Rights Compliance, Real Coverage for Real Workers: Fraud Won’t Fly in California – Workers Rights Compliance, Workers Deserve Real Protection—Bogus Insurance Doesn’t Count – Workers Rights Compliance, Precedent Protects Workers from Fake Insurance Scams – Workers Rights Compliance, 50+ Workers, No Coverage—California Says Never Again – Workers Rights Compliance, Labor Law Victory: Worker Safety Over Corporate Shell Games – Workers Rights Compliance, $1.3M Lesson: Ignorance of the Law Is No Defense – Workers Rights Compliance, Certificates Can Lie—Employers Are Still on the Hook – Workers Rights Compliance, Fraudulent Coverage = Real Fines – Workers Rights Compliance, The Bill Comes Due: $1.3M in Fines for Workers' Comp Evasion – Workers Rights Compliance, Subcontracting Liability Doesn’t Mean Subcontracting Responsibility – Workers Rights Compliance, A Win for Honest PEOs, a Loss for Cheaters – Workers Rights Compliance, Leveling the Field: Fraudulent Operators Face Real Consequences – Workers Rights Compliance, PEO Accountability Is Here—Honest Brokers Applaud – Workers Rights Compliance, No More Free Ride for Fraudulent PEOs – Workers Rights Compliance, Justice for Legitimate Employers—Fraudsters Pay the Price – Workers Rights Compliance, From CompOne to CompassPilot—The Shell Game Ends Here – Workers Rights Compliance, How a Bogus Insurance Scheme Cost One Company $1.3 Million – Workers Rights Compliance, Unmasking the PEO Scam: California Cracks Down – Workers Rights Compliance, One Employer, Three PEOs, Zero Coverage—The Precedent Tells All – Workers Rights Compliance, DLSE Precedent Highlights Deep Industry Scams – Workers Rights Compliance, Fake Insurance Certificates Are Not a Defense—They’re a Liability – Workers Rights Compliance, Employers: Verify Your Workers’ Comp Coverage—Before the State Does – Workers Rights Compliance, Don’t Get Burned—Understand Joint Employer Liability Today – Workers Rights Compliance, Legit PEO? Or Just a New Name for the Same Old Scam? – Workers Rights Compliance, Your PEO’s Certificate Might Be Fake—Know the Signs – Workers Rights Compliance, Before You Contract Labor, Read This Precedent Decision – Workers Rights Compliance.

$196 Billion LawsuitAgainst 17 Banks

FHA Files a $196 Billion LawsuitAgainst 17 Banks

The Federal Housing Finance Agency (FHFA), as conservator forFannie Mae and Freddie Mac (the Enterprises), today filed lawsuitsagainst 17 financial institutions, certain of their officers and variousunaffiliated lead underwriters. The suits allege violations of federalsecurities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.Complaints have been filed against the following lead defendants, inalphabetical order:1. Ally Financial Inc. f/k/a GMAC, LLC – $6 billion2. Bank of America Corporation – $6 billion3. Barclays Bank PLC – $4.9 billion4. Citigroup, Inc. – $3.5 billion5. Countrywide Financial Corporation -$26.6 billion6. Credit Suisse Holdings (USA), Inc. – $14.1 billion7. Deutsche Bank AG – $14.2 billion8. First Horizon National Corporation – $883 million9. General Electric Company – $549 million10. Goldman Sachs & Co. – $11.1 billion11. HSBC North America Holdings, Inc. – $6.2 billion12. JPMorgan Chase & Co. – $33 billion13. Merrill Lynch & Co. / First Franklin Financial Corp. – $24.8 billion14. Morgan Stanley – $10.6 billion15. Nomura Holding America Inc. – $2 billion16. The Royal Bank of Scotland Group PLC – $30.4 billion17. Société Générale – $1.3 billion

Some links to actual lawsuits:

Here is the press release from FHFA: