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.

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. 

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.

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

Oct 8, 2012

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.

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.