Wells Fargo ordered to pay $203 million for misleading customers
May 16, 2013
A federal judge on Tuesday reinstated a $203 million penalty against Wells Fargo in a class action suit alleging that the bank affirmatively misled customers and then charged excessive overdraft fees. Rather than processing purchases in a chronological order, as is the common practice, the bank proc....... [more] 
Holder orders criminal investigation of IRS
May 15, 2013
US Attorney General Eric Holder announced Tuesday that the Justice Department has opened a criminal investigation into allegations that the Internal Revenue Service (IRS) unfairly scrutinized tax-exemptions for conservative groups. The agency initially singled out groups with applications containing....... [more]
Federal appeals court splits on patentability of software and business methods
May 11, 2013
The US Court of Appeals for the Federal Circuit on Friday ruled per curiam that an abstract idea is not patentable simply because it is tied to a computer system. Analysts say the ruling could have severe implications on software and business method patents. In the case, CLS Bank v. Alice Corporatio....... [more]
Germany court opens neo-Nazi terrorism trial
May 6, 2013
Trial began in Germany Monday for Beate Zschaepe, a neo-Nazi member of the National Socialist Underground (NSU), for alleged complicity in the murder of eight Turks, a Greek and a German policewoman in Germany between 2000 and 2007, as well as two bombings and 15 bank robberies. Her two presumed acc....... [more]
Colorado governor signs immigrant tuition bill
April 30, 2013
Colorado Governor John Hickenlooper signed a bill into law on Monday allowing undocumented immigrant students to attend public universities at the same tuition rate as in-state residents. The Advancing Students for a Stronger Economy Tomorrow (ASSET) law requires students to have attended high schoo....... [more]
Europe court ruled UK may not suspend benefits to wives of terror suspects
April 29, 2013
On April 29, 2010, the European Court of Justice (ECJ) held that the UK government may not withhold government benefits lawfully due to the wives and families of alleged terrorists. In 2006, the UK Treasury established strict guidelines that dictated the receipt of government benefits. These regulat....... [more]
UN experts: World Bank must adopt human rights standards
April 19, 2013
A group of UN independent experts urged the World Bank on Thursday to adopt human rights standards that will protect vulnerable populations at the World Bank's meeting on the organization's social policies. The UN experts want to ensure that the World Bank will respect human rights in all their prac....... [more]
Italy high court confirmed Prodi as winner in disputed election
April 19, 2013
On April 19, 2006, the Italian Court of Cassation confirmed Romano Prodi as the winner over incumbent Prime Minister Silvio Berlusconi in the country's disputed general election. The judges had to examine over 43,000 provisional ballots before certifying that Prodi, of the center-left coalition, had....... [more]
Federal judge approves AIG settlement
April 11, 2013
A judge for the US District Court for the Southern District of New York on Wednesday approved the $115 million settlement between American International Group Inc. (AIG) shareholders and the company's former CEO and other executives in order to resolve allegations that the insurer misled investors a....... [more]
Federal judge refuses to approve Citigroup $590 million settlement
April 2, 2013
A judge for the US District Court for the Southern District of New York on Monday refused to approve Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit, questioning the reasonableness of some details of the agreement. Judge Sidney Stein requested that Citigroup and its shareh....... [more]
Congress passed the Coinage Act of 1792
April 2, 2013
On April 2, 1792, the US Congress passed the Coinage Act of 1792. Section 1 of the act called for the construction of a national mint near the federal capital, which resulted in the creation of the Philadelphia Mint. Section 9 established gold, silver and copper coinage to serve as the national curr....... [more]
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