The announcement was made by Attorney General Eric Holder in Washington on Thursday morning, the New York Times reported. Holder said that the Bank of America is expected to pay $9.65 billion as cash penalty and will also provide $7 billion to blighted neighborhoods and homeowners as relief to counter the damage the securities have cost.
Bloomberg said Ben & Jerry's has been a vocal supporter of the law, which was odd considering that its parent company, Unilever, along with some of the world's biggest food companies, has opposed to the idea of labeling their GMO-made products. But Ben & Jerry's CEO Jostein Solheim's appearance during the signing of the state law would backfire mostly on Unilever, who has remained nonchalant about the event.
The Real Madrid star, who has been named in the complaint filed in US District Court in Providence along Danish company JBS Textile Group, was sought legal action by Christopher Renzi after JBS had threatened the plaintiff with aggressive action and petitioned to cancel the plaintiff's trademark, Renzi's lawyer told SFGate.
Critis have been worried about the bill, even though that similar initiatives have been attempted in Germany, France and Belgium over the last few years. The Spanish initiative is said to be wide-ranging, and supposedly showed the illiteracy of the Spanish government about the worldwide Web. WSJ said that the way the initiative is written will also force social media users who share stories from media organizations to their families and friends.
