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News
May 4, 2015

In the News Today – May 4, 2015

Legal Newsline reports that Alabama Gov. Robert Bentley has signed into law a bill overturning the state Supreme Court’s troubling “innovator liability” ruling. You can read our recent blog post on the importance of this legislation here. (Legal Newsline)

Five banks reportedly are close to reaching “multi-billion-dollar” settlements with federal regulators over foreign exchange market allegations. The collective settlement “may well exceed the $4.3 billion in fines paid” by the banks to U.S., U.K., and Swiss regulators last year. (Reuters)

Wells Fargo and Deutsche Bank “moved to toss five suits” related to allegations over investor losses from the sale of mortgage-backed securities. The companies argue that “as trustees they had no duty to protect plaintiffs from their bad investment decisions.” (Law360)

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