UBS AG has agreed to pay $69.8 million to NCUA in settling a lawsuit centering selling of faulty residential mortgage based securities. Prior to that, Royal Bank of Scotland, Barclays, Wachovia, Morgan Stanley and other accused financial institutions have also settled respective lawsuits with NCUA. However, all the settlements have taken place through realization of incurred losses from the faulty RMBS products.
Tata Consultancy Services, an India-based IT company, was penalised $940 million in a case suit filed by Epic Systems, a healthcare software firm. Besides, a disciplinary fine of $700 million, the jury also ordered TCS to pay a $240 million to Epic.
U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday.
Shaunda McDaniel and Tammi Robinson is filed a lawsuit against Victoria's Secret for ill-treatment they have experience on a Beverly Center store branch. The two women claimed they treated like a criminal and were ordered to leave the store.
