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The coalition of progressive groups that worked to improve the original settlement (disclosure: I work for one of them) is now urging people to contact the White House to let them know what they think about the Administration's lack of action.(The White House comment line is 202-456-1111, by the way).
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Bank of America has also cited attorney-client privilege in a separate case involving the Securities and Exchange Commission, with which the bank recently reached a $33 million settlement over disclosure issues.
Wells Fargo has seen its market value drop by close to $20 billion since the settlement's disclosure, and it is no longer the most valuable bank, showing how strongly investors feel about the case.
The sale makes trading in the 30-odd listed Estonian stocks just one click away for traders on Helsinki's vibrant stock exchange, and Tallinn is already harmonizing settlement and disclosure rules with Helsinki.
The conditions of the settlement prevented disclosure of the amount.
Better disclosure: Settlement companies will be required to spell out the negative potential consequences of a settlement.
Some, like New York, have explicitly rejected Trulia's "plainly material" standard for the approval of disclosure settlements.
The Assembly ultimately censured Mr. Lopez for harassment, after reaching confidential settlements to prevent disclosure of the first two allegations against him.
Meanwhile, only two courts the Seventh Circuit and a New Jersey trial court have adopted Trulia's reasoning to reject disclosure settlements.
Disclosure settlements are more likely than not to be approved outside of Delaware: our paper gathers a set of 23 such post-Trulia settlements that resulted in fee awards ranging from slightly more than $280,000 to $1 million.
The Dodd-Frank Act required lenders to combine the Truth in Lending Act and Real Estate Settlement Procedures Act disclosures to improve mortgage payment compliance and help people better understand their loans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com