OceanFirst Bank Reaches $15M Settlement Over 'Redlining' Allegations in New Jersey
"We are committed to ensuring that everyone in New Jersey has access to the American dream of homeownership, regardless of race, color, or national origin," said U.S. Attorney for the District of New Jersey Philip R. Sellinger. "This agreement is an important step in leveling the playing field and removing illegal and discriminatory barriers in residential mortgage lending."
SDNY Judge Dismisses Antitrust Class Action Alleging Global Bank Price-Fixing Conspiracy
"Here, the plaintiff has failed to allege any facts to show that the defendants engaged in parallel conduct that suggests the existence of a price-fixing conspiracy and each defendant's participation in that conspiracy," U.S. District Judge John G. Koeltl wrote in his memorandum opinion. "This kind of barebones group pleading of parallel conduct is insufficient."