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REUTERS Banks Said to Demand That New York Drop Lawsuit | Bank of America, JPMorgan Chase and Wells Fargo demanded that New York State drop a recent lawsuit against them as a condition of their agreeing to a nationwide foreclosure settlement, Bloomberg News reports, citing an unidentified person familiar with the matter.
You make them drop lawsuit".
"And why would I do that, little man?" "Because I make you make them drop lawsuit".
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A condition was said to be that both sides drop lawsuits against each other.
Samsung and Apple agreed to drop lawsuits outside of the US in August after cases spanned multiple countries including Germany, Britain, France, Spain, Italy, the Netherlands, South Korea, Japan and Australia.
In exchange, 29 cities agreed to drop lawsuits against Smith & Wesson seeking monetary damages for gun violence.
Fewer cities than expected agreed to drop lawsuits against the company, and no other manufacturers have yet agreed to the conditions.
Mr. Weiss said he had told those companies that he would drop lawsuits if they agreed to contribute to the new fund.
A new director could abandon some rules still under development, like restrictions on debt collection, and settle or drop lawsuits that the bureau is pursuing.
And the plan would require both sides to drop lawsuits that they filed against each other.
As part of the plan, both the city and union officials would have to drop lawsuits related to the dispute.
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