US Magistrate Judge David Cayer said in his recommendation that the Bank of America's dismissal request of the US Securities and Exchange Commission against the lender is to be rejected as the complainant had presented sufficient proof that the bank knowingly misrepresented and omitted substantial information about its mortgage-backed securities.
Former and current employees of JPMorgan Chase & Co, who claimed that they incurred substantial losses due to the "London Whale" trades, are not allowed by a court judge to move their case forward against their employer.
23 year-old Oscar Ramiro Ortega-Hernandez is ordered by the court to 25 years in jail and pay $94,000 in restitution after shooting at the White House, Bloomberg said in a report.
Reproductive-rights activists represented by interest group Planned Parenthood had recently failed to prevent the state of Arizona to block the access of women to medicine-induced abortions, Bloomberg said.
