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  • Wells Fargo reaches $110 million class action settlement over fake accounts

    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

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Empire State Building IPO deadline delayed

An initial public offering of a company including New York's Empire State Building was pushed beyond next week as some investors campaign against the move. 

"There’s no pressure on anyone anymore," said Stephen Meister, attroney representing a group of unitholders against the deal. "I would urge everyone to wait to hear what the Justice Sherwood has to say, because I can’t imagine making this decision and not knowing whether the $100 buyout is legal or illegal."

Source: Bloomberg
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