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Tag Archives: Connecticut

Mississippi in multi-state probe of VW’s bogus emissions tests

FILE - This Oct. 5, 2015 file photo shows the Volkswagen logo at the building of a company retailer in Berlin, Germany. Volkswagen almost inevitably will have to compensate owners of diesel cars equipped with emissions-rigging software. Some legal experts say the automaker could be forced to buy back the cars altogether. (AP Photo/Markus Schreiber, File)

By TED CARTER Mississippi has joined more than two dozen other states in investigating whether German car manufacturer Volkswagen used deceptive trade practices to convince consumers that their cars were environmentally friendly, when they weren’t. Attorney General Jim Hood’s office declined to say whether Mississippi joined the multi-state investigation. The office said only that “the nature of this investigation has been ...

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Mississippi inmate seeks resumption of conjugal visits

JACKSON — A federal magistrate judge will determine if Mississippi inmates have a protected right to conjugal visits. An inmate makes that argument in a lawsuit filed in U.S. District Court against the Department of Corrections and former corrections chief Christopher Epps. Epps ended the more than a century-old practice of allowing conjugal visits for inmates on Jan. 31, 2014. ...

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State’s Consumer Protection Act key to forcing S&P settlement on bogus bond ratings

By TED CARTER Mississippi’s Consumer Protection Act’s provision against making deceptive claims is credited as a key tool in extracting a $33 million settlement from Standard & Poor’s Ratings Service and parent McGraw-Hill Companies. The settlement announced Feb. 3 is part of agreement by which S&P’s Rating Services turns over $1.375 billion to put the litigation behind it. The Justice Department ...

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Mississippi to receive $33M from S&P settlement

JACKSON — The state of Mississippi will receive $33 million from a national settlement with Standard & Poor’s over allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis in 2008. Attorney General Jim Hood says in a news release that Mississippi sued S&P in 2011, joining with Connecticut, the first State to ...

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Libor: An opaque scandal erodes confidence in major banks

Last month, one of the biggest financial scandals in history came to light, involving many of the most pre-eminent banks in the world. But public reaction has been so muted that a Los Angeles Times columnist was compelled to ask, “Why aren’t more people furious about the Libor scandal?” In fact, people are. The news media soon will be full ...

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Navy christens submarine Mississippi in Groton

GROTON, Conn. — With the smash of a champagne bottle, the Navy christened its newest submarine on Saturday as the Mississippi, the ninth member of a new generation of attack subs hailed as the world’s most complex pieces of machinery. A Navy band struck up “Anchors Aweigh” as the submarine’s sponsor, a deputy assistant Navy secretary, smashed the bottle against ...

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