5:58 pm
Mon May 5, 2014

U.S. Supreme Court Decision May Impact Rowan County Prayer Dispute

The Rowan County Commission praying at the beginning of its October 21, 2013 meeting.
Credit Rowan County

The U.S. Supreme Court ruled that opening prayers with references to Christianity during government meetings do not violate the U.S. Constitution.

This decision may impact a trial in Rowan County filed by residents who say they feel excluded when county commissioners open council meetings in the name of Jesus.

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Local News
4:13 pm
Tue February 4, 2014

D.O.T. Fined For Illegal Seizure Of Land In Concord

NC Department of Transportation

A federal judge has ruled the North Carolina Department of Transportation illegally seized and destroyed private property in Concord. The judge ordered the agency to pay more than $20,000 in fines. 

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Local News
12:16 pm
Wed August 7, 2013

U.S. Justice Department Sues Bank Of America Over Mortgage-Backed Securities

Bank of America sign.
Credit MoneyBlogNewz / Flickr

The U.S. Justice Department is suing Bank of America for allegedly misleading investors who bought some $850 million of mortgage-backed securities, bonds that are backed by a huge pool of mortgage loans. The government is accusing the country’s second-largest lender of hiding information about how risky some of the loans were.

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Local News
4:24 pm
Mon October 8, 2012

Charlotte Observer: CMS settles Leardini case for $680,000

Charlotte-Mecklenburg Schools has agreed to pay former teacher Jeffrey Leardini $680,000 to settle a lawsuit that brought him a jury award of $1.1 million. Leardini, a former sixth-grade teacher at Community House Middle School, contended he was improperly forced to resign in 2006, after five students accused him of improperly touching them.

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Local News
4:44 pm
Fri September 28, 2012

BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal

Bank of America

Bank of America is paying $2.4 billion to settle a lawsuit over its acquisition of Merrill Lynch. Shareholders accused the Charlotte-based bank of lying about the shape both companies were in at the time of the deal.

The bank’s then-CEO Ken Lewis raved about buying Merrill Lynch in 2008.

“Acquiring one of the premier wealth management, capital markets and advisory companies is a great opportunity for our shareholders,” Lewis said at the time.

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