Justice
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Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo have reached an agreement with representatives of government workers and retirees to soften the effects of the 2011 state pension overhaul, they announced Friday. more
Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
(Updated, 5:30 p.m.) Fifty retired state employees and public school teachers have filed a lawsuit against the state of Rhode Island, objecting to their inclusion in the proposed class-action settlement of the state pension reform lawsuits. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
The state of Rhode Island has reached a tentative settlement with the law firm Moses Afonso Ryan Ltd., and one of the firm’s partners, Antonio Afonso Jr., who served as bond counsel to the state on the 38 Studios LLC bond deal. more
BOSTON – The state pension fund will receive $11.3 million this week as part of a settlement with Countrywide Securities Corp., Attorney General Martha Coakley announced. more
The R.I. Supreme Court ruled Friday that the Narragansett Indian Tribe has been harmed by the state opening table games at Twin River Casino and allowed the tribe’s lawsuit against the gambling expansion to proceed. more
BOSTON – A real estate developer who allegedly took thousands of dollars in advance payments for new, single-family homes that were never constructed has repaid more than $525,000 to affected Massachusetts homebuyers, and has been permanently required to protect any future consumer deposits, Attorney General Martha Coakley announced. more
President Barack Obama recently took some heat for saying that marijuana is no worse than alcohol, and perhaps less dangerous “in terms of its impact on the individual consumer.” more
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