Bloomberg LawIndustry News

From Bloomberg Law: Wells Fargo & Co., which set aside $2 billion last quarter to deal with legal matters, said it’s in talks with the Consumer Financial Protection Bureau to resolve investigations. The negotiations cover “a...

From Bloomberg Law: AT&T Inc.-owned DirecTV LLC is suing two US companies for allegedly posing as the satellite-TV provider to scam its customers as part of an international crime scheme. The accused fraudsters offer existing...

From Bloomberg Law: Comcast Corp. is considering a sale of its pay-TV business in Germany, which weighed on its European operations in the most recent quarter, people familiar with the matter said. The US broadcaster...

From Bloomberg Law: Federal prosecutors in New York charged a Florida man who called himself the “Wolf of Airbnb” with wire fraud and identity theft, alleging he took advantage of a Covid-19-era relief program and...

From Bloomberg Law: Citigroup Inc. has hired Stuart Kaiser from UBS Group AG to lead the firm’s US equity trading strategy, according to people familiar with the matter. Kaiser joined Citigroup last week and will focus...

From Bloomberg Law: T-Mobile US Inc. unlawfully disciplined a worker for sending a union-related email, the National Labor Relations Board said Friday in a decision that reversed its earlier stance yet delivered good news for...

From Bloomberg Law: Verizon Communications Inc. defeated its insurers’ attempt to deny paying a $95 million reimbursement of a securities lawsuit settlement tied to a spinoff. Verizon’s directors and officers insurance policy covers securities claims...

From Bloomberg Law: Citigroup Inc. has hired Tom Lynch as its global head of prime sales as the bank continues to build out its offering to hedge funds. Lynch, who spent 25 years at Goldman Sachs...