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Tag Archives: Jim Hood

With S&P suit settled, Mississippi set to take on Moody’s over flawed investment ratings

By TED CARTER A recent big-dollar settlement with Standard & Poor’s over misleading ratings put on sub-prime mortgage-backed securities before the 2008 financial collapse has cleared the way for Mississippi and Connecticut to resume a similar case against Moody’s Ratings Service. The two states put their action against Moody’s on hold during settlement negotiations with S&P that resulted in a Feb. ...

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(UPDATE) Judge rules on Google request on attorney general inquiry

JACKSON — Mississippi Attorney General Jim Hood’s attempt to investigate Google is on hold for at least four more months. U.S. District Judge Henry T. Wingate on Monday granted Google’s request for a preliminary injunction. The order prevents Hood from going through with a subpoena meant to examine whether Google is facilitating others’ illegal activities on its sites. The Internet ...

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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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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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