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Barbara Underwood

Politics
Trump Accuses NY Leaders Of 'Harassing All My Businesses,' Calling It 'Witch Hunt' Trump Accuses NY Leaders Of 'Harassing All My Businesses,' Calling It 'Witch Hunt'
Trump Accuses NY Leaders Of 'Harassing All My Businesses,' Calling It 'Witch Hunt' President Trump blasted Gov. Andrew Cuomo and Attorney General Letitia James for being "in search of a crime" while investigating his New York businesses, calling it a "witch hunt." Trump further accused Cuomo, a Democrat from New Castle, of using James as a “bludgeoning tool” to harass his and his grown children's private business entities. “Now Cuomo’s A.G. is harassing all of my New York businesses in search of anything at all they can find to make me look as bad as possible,” Trump wrote on Twitter. "So, on top of ridiculously high taxes, my children and companies are spending a fortune…

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by Jon Craig
News
UBS To Pay $68M, Multi-State Settlement For Artificially Manipulating Interest Rates UBS To Pay $68M, Multi-State Settlement For Artificially Manipulating Interest Rates
UBS To Pay $68M, Multi-State Settlement For Artificially Manipulating Interest Rates A multinational bank has agreed to a multi-million, multi-state settlement for artificially manipulating interest rates, New York Attorney General Barbara Underwood announced. Underwood announced on Friday that UBS has agreed to a 40-state $68 million settlement for fraudulent conduct involving the manipulation of the London Interbank Offered Rate (LIBOR), by “misrepresenting the integrity of the LIBOR benchmark.” According to Underwood, LIBOR is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a far-reaching impact on global markets and consum…

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by Zak Failla
Business
Trump Foundation Will Close After Being Accused Of 'Shocking Pattern Of Illegality' By State AG Trump Foundation Will Close After Being Accused Of 'Shocking Pattern Of Illegality' By State AG
Trump Foundation Will Close After Being Accused Of 'Shocking Pattern Of Illegality' By State AG President Donald Trump has agreed to shut down his personal charity as he battles allegations that he and his family used it for personal benefit, Attorney General Barbara Underwood announced on Tuesday. A lawsuit against the foundation will move forward, Underwood said. The Donald J. Trump Foundation will be dissolved, and its remaining funds will be given away, Underwood announced on Tuesday, as she continues pursuing a lawsuit against the charity, the president and his children. "We’ve secured a stipulation requiring the Trump Foundation to dissolve under judicial supervision, with our …

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by Zak Failla
Politics
State Sues Purdue Pharma, Alleging Illegal Conduct, 'Scheme To Misrepresent Opioid Products' State Sues Purdue Pharma, Alleging Illegal Conduct, 'Scheme To Misrepresent Opioid Products'
State Sues Purdue Pharma, Alleging Illegal Conduct, 'Scheme To Misrepresent Opioid Products' A lawsuit has been filed against a prominent pharmaceutical company that allegedly misrepresented its products - including OxyContin - as being more benign than they are for decades. New York Gov. Andrew Cuomo and Attorney General Barbara Underwood announced a lawsuit against Stamford-based Purdue Pharma L.P., Purdue Pharma Inc., and Purdue Fredrick Company, Inc. on Tuesday.  The company allegedly took part in a “decades-long and continuing pattern of persistent deceptive and illegal conduct, whereby Purdue's misled prescribers and patients about the risks of its opioids, including OxyConti…

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by Zak Failla