November 13, 1998 |
BankAmerica Corp. agreed Thursday to pay $187.5 million to settle a lawsuit by the state of California, the city of San Francisco and other local governments that claimed the bank fraudulently mishandled municipal bond accounts. BankAmerica, the biggest U.S. bank since its $40-billion merger with NationsBank Corp. in September, said it will distribute the money among 300 plaintiffs, based on a formula it will present to San Francisco Superior Court next month.
April 24, 1998 |
San Francisco cannot separate its claim from a state lawsuit accusing BankAmerica Corp. of mishandling hundreds of municipal bond accounts throughout California, a judge said. San Francisco County Superior Court Judge James Robertson denied the request Tuesday, though he said the city could refile. San Francisco has been trying to take its claims directly to trial in January to decide the bank's liability.
March 27, 1998 |
The cities of Los Angeles, San Francisco and Oakland, joined by consumer and civil rights groups, sued state Insurance Commissioner Chuck Quackenbush on Thursday to end the practice of setting auto insurance rates primarily by ZIP Codes. Displaying examples of city dwellers paying thousands of dollars more a year than suburban and rural residents with the same driving records, Los Angeles City Atty. James K.
May 14, 1997 |
U.S. airlines filed a federal suit Tuesday to block a San Francisco ordinance requiring them to offer health benefits to domestic partners of their employees. The lawsuit filed by the Air Transport Assn., which represents the nation's major airlines, says the city has no right to regulate air carriers.
May 2, 1997 |
City officials sued the Bank of America on Thursday, claiming bank officials mishandled government bonds and deliberately covered up overcharges and other mistakes that may have cost cities across the state more than $100 million. San Francisco is asking for at least $12 million in its lawsuit, which comes amid a two-year investigation by Atty. Gen.
February 28, 1997 |
The nation's tobacco companies claimed a major victory Thursday when a federal judge dismissed most of San Francisco's massive lawsuit against them. Judge D. Lowell Jensen said San Francisco's attorney could amend the complaint, but industry lawyers contended that it would be very difficult for the plaintiffs to leap the hurdles now in front of them. Lawyers for San Francisco, however, sharply disagreed with that interpretation of Jensen's 32-page ruling.