The superhighways, tunnels and elaborate barriers that accompany settlement expansion in the West Bank are expensive.
Eager to see what the Justice investigation had found, I consulted the statement of facts that accompanied the settlement and that JPMorgan had to acknowledge.
Professor Sean Griffith and Professor Alexandra Lahav argue that merger litigation is merely a way for buyers to obtain releases that accompany any settlement.
In the statement of facts accompanying the settlement, the bank acknowledged that, on a number of occasions, its employees told investors that the home loans underpinning its mortgage securities complied with underwriting guidelines.
Mr. Sihpol began his efforts to cultivate Edward J. Stern, the managing principal of Canary, as a client in an April 2001 visit to the hedge fund's offices, according to the September suit against Canary that accompanied the settlement.
Indeed Jack Coffee, a professor at Columbia Law School, suggests that the banks actively sought a settlement with the regulators, so that they could assure investors that the evident problems had been cured and the conflicts of interest had been banished.Enter the lawyersNonetheless, the pile of documents accompanying the settlement will be required reading for plaintiff lawyers.
It is a lesson in the virtue of future non-co-operation that has already been drawn by other bankers, though certainly not one that will be cited by regulators in the inevitable press conference that will accompany any settlement.It is also remains entirely unclear what sort of formula might be used to determine the size of a fine, nor what JPMorgan may have done that other banks did not.
It is high time that this occupation and the ugliness of the accompanying colonial settlement enterprise be reversed.
"These dollars will immediately go to work funding proven programs and services to help New Yorkers keep their homes and rebuild their communities," New York Attorney General Eric Schneiderman said in a statement accompanying the settlement.
"It is absolutely right that a new and fair settlement for Scotland should be accompanied by a settlement that applies to all parts of the UK".
