Occupy Wall Street Protesters Reach Settlement with City

protest

Picket lines-do not cross

Many protesters who were involved in the Occupy Wall Street movement were arrested for frivolous charges during their demonstrations. These protesters then filed suit against the city in federal court stating that their right to free speech and free assembly were violated. The Huffington Post states, “Over the course of multiple protests in New York, many Occupy supporters were arrested in situations in which the police blocked or “kettled” demonstrators and then charged them with minor violations like obstructing the sidewalk”. This is the latest and largest settlement regarding the 2012 arrests, a $583,000 settlement was reached Tuesday, June 10. Over $1 million has been spent by New York City settling Occupy lawsuits such as this.

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Mexican Lawsuit Takes Yahoo South of the Border

Mexico City, Zocalo by flickr user Borya, licensed by Creative Commons

Pleito; that’s Spanish for “lawsuit”

Como se dice “Yahoo” en Espanol?  In a recent lawsuit between Yahoo and Mexico’s version of the Yellow Pages, Yahoo has been accused of various counts relating to breach of contract.  A judge in Mexico City has brought down a $2.7 billion judgment on the internet corporation.  Worldwide Directories and Ideas Interactivas claim that they have been losing profits due to Yahoo and Yahoo de Mexico’s regular business practices.  The details of the lawsuit have not become public information; reports out of their headquarters in Sunnyvale, California state that Yahoo does not believe the decision to be final. Read more

The Fire Rises: Hells Angels Lawsuit Heats Up

Hells Angels, the infamous motorcycle group from southern California, are filing suit in federal court against the United States. The dispute stands over the US’s ban of foreign members of the gang entering the country. Members of the Hells Angels have been convicted of multiple crimes, including drug trafficking, extortion, and other felonies in North America, South America, Europe.  The U.S. has classified the Hells Angels as a “known criminal organization,” but due to the suit the government is in the process of fielding the request for an injunction in which they cannot associate the Hell’s Angels with violence and crime.

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Maternity Leave No Reason to Discriminate for Mortgage Insurer

A pregnant woman, by Flickr user "karolajnat", licensed via Creative Commons.The mortgage insurer MGIC Investment Group has settled a federal lawsuit alleging that they refused to sell mortgage insurance to women on maternity leave.  The suit claimed that the company required 70 women to return to work before they would sell them the insurance, which “allows homebuyers to take out loans with down payments of less than 20%”, according to the Wall Street Journal.  Yesterday, the company settled for $550,000, with $511,000 to be compensation for the women and $39,000 as a civil penalty to the government.  In addition, MGIC will have to train its employees on discrimination law and revamp its policies concerning customers on maternity leave.  The company has also entered a preliminary settlement in a related class action suit in order to avoid spending any more money on a lawsuit they will likely lose.

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Foreclosure Settlement Finally Official

Foreclosure, licensed via photos.com
It’s gone. It’s done. I can see the Shire.

The US District Court judge for the District of Columbia signed off, finally, on the big $25 billion foreclosure settlement between five banks, the federal government, and most of the states.  On Wednesday, Judge Rosemary Collyer approved the settlement, which was announced two months ago.  The $25 billion settlement will be divvied up by the states and is suggested to be used to ease financial burden on improperly foreclosed homes and help pursue negligence in the future.  However, as I’ve mentioned before, some states are going to use it for whatever they feel like.  Georgia in particular is using the money to support local infrastructure, presumably telling the federal government “you can’t tell me what to do, you’re not my real dad”, slamming its door and hiding under the covers afterwards.

Read more after the jump.