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Tag Archives: Jim Hood

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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AG opinions: Biloxi can't sell naming rights to ball field

BILOXI — A Mississippi attorney general’s office opinion has derailed an agreement between Biloxi and the Shuckers minor league baseball team to sell the naming rights for MGM Park’s playing field. The agreement had called for the city to earn an extra $50,000 a year to help repay the construction bond for the stadium. The attorney general’s opinion reads, in ...

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Jim Hood qualifies for re-election bid

By Bobby Harrison JACKSON — Attorney General Jim Hood of Chickasaw County, Mississippi’s sole statewide elected Democrat, has confirmed that he has qualified to seek re-election. The qualifying deadline is Feb. 27, and the three-term attorney general has caused some speculation by not committing earlier to a re-election effort. Thus far no other candidate has qualified for the office of ...

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Google asks judge to block Miss. attorney general's inquiry

JACKSON — An Internet giant was scheduled to face off with Mississippi Attorney General Jim Hood on Friday. Google will ask U.S. District Judge Henry T. Wingate to block an investigation by Hood into the company. Hood has been pushing Google since 2013 to prevent use of the company’s search engine to find illegal drugs and pirated music, video games ...

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Attorneys general, others, support Google investigation

JACKSON — With representatives of the electronics industry saying Mississippi’s attempt to investigate Google should be blocked by federal law, some state attorneys general and other groups are taking the opposite position. They say Mississippi Attorney General Jim Hood has the power to examine Google’s behavior, and should be allowed to collect evidence from the Internet giant before a court ...

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Lawmakers once again reject bill to repair payday lending glitch

Rep. Adrienne Wooten, a Hinds County Democrat, tried unsuccessfully again this year to fix a glitch in Mississippi’s payday lending law that was suppose to give borrowers 30 days to repay loans of more than $250. Instead of the 30 days, borrowers have been getting only two weeks to repay the loans before new fees kick in. A provision in ...

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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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Industry groups join Google's attack against Hood's inquiry

JACKSON — Computer industry groups are joining Google’s effort to block an investigation by Mississippi Attorney General Jim Hood. Industry groups filed two friend-of-the-court briefs Friday saying that federal law should block Hood from even trying to investigate Google. They say a subpoena that Hood sent Google in October is mainly aimed at actions by others, and not Google. They ...

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Attorney General Jim Hood: Decision soon on 4th-term run

JACKSON — Mississippi Attorney General Jim Hood said Thursday that he will decide soon whether to seek a fourth term this year. Hood, 52, is the only Democrat in statewide office. Responding Thursday to questions from The Associated Press, Hood said he will make a decision about his political plans in the next week or so. Asked if he is ...

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