The City of New York has agreed to pay $6.4 million to a man who spent 23 years in prison for a murder he did not commit. David Ranta’s claim against the City of New York was settled without him having to file a lawsuit.
In December 2013, the Somerset County prosecutor filed a motion dismissing the indictment against Gerard Richardson, an individual who had spent 19 years in jail for a murder he did not commit.
New Jersey is one of 29 states, along with the District of Columbia, that provides compensation to residents who were wrongfully convicted. Under the new law, exonerated individuals in New Jersey will be eligible to receive $50,000 for each year they were wrongfully incarcerated.
In 2013, Douglas Prade was exonerated and released from prison. Prade’s exoneration was based on new DNA tests that excluded Prade as the source of a bite mark on the victim’s clothing.
In 2013, at least 87 people were exonerated and granted their freedom in connection with crimes they did not commit, the highest number since researchers began keeping track of exonerations more than 20 years ago. A number of these individuals spent decades in prison before their release.
The new Consumer Financial Protection Bureau recently initiated “administrative proceedings” against New Jersey based mortgage insurance company PHH Corporation and its corporate subsidiaries.
The U.S. Department of Justice announced on February 4, 2014 that JPMorgan Chase will pay $614 million for violating the federal False Claims Act by knowingly originating and underwriting non-compliant mortgage loans submitted for insurance coverage and guarantees by the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA).
CareFusion will pay $40.1 million to resolve allegations it improperly promoted and marketed its surgical preparation solution Chloraprep and concealed kickbacks to a physician who promoted the drug. The State of North Carolina will receive $581,363.13 to resolve allegations that CareFusion defrauded the state’s Medicaid program.
The United States Department of Justice (“DOJ”) is seeking $2.1 billion in fines from Bank of America (“B of A”) related to mortgage fraud on the part of Countrywide Financial. The case involves mortgages sold in 2007 and 2008 to Fannie Mae and Freddie Mac, the two government-backed mortgage finance companies.
This week, the Consumer Financial Protection Bureau (“CFPB”) published a consumer advisory to help consumers protect themselves in instances of data breach. The advisory follows recent news of breaches with respect to consumer payment card and other data.