State attorney general

Troutman Pepper's Nationally Recognized State Attorneys General Practice Attracts Former Virginia AG, State Corporation Commission Chair

Retrieved on: 
Monday, April 17, 2023
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RICHMOND, Va., April 17, 2023 /PRNewswire/ -- Judith Jagdmann, former Chair and Commissioner of the Virginia State Corporation Commission (SCC) and Attorney General for the Commonwealth of Virginia, has joined Troutman Pepper's top-ranked State Attorneys General practice in Richmond, Virginia as a partner.

Key Points: 
  • RICHMOND, Va., April 17, 2023 /PRNewswire/ -- Judith Jagdmann , former Chair and Commissioner of the Virginia State Corporation Commission (SCC) and Attorney General for the Commonwealth of Virginia, has joined Troutman Pepper's top-ranked State Attorneys General practice in Richmond, Virginia as a partner.
  • In 2005, she was unanimously elected by the Virginia General Assembly as the 43rd Attorney General for the Commonwealth of Virginia and served through 2006.
  • "She is a recognized force both in the Commonwealth and nationwide," added Brooks Smith, managing partner of Troutman Pepper's Richmond office.
  • The practice has become a go-to for clients seeking assistance with state attorneys general enforcement, litigation, and compliance matters, and is one of only five ranked nationwide by Chambers USA in the category.

Troutman Pepper's Nationally Recognized State Attorneys General Practice Turns 20

Retrieved on: 
Wednesday, February 1, 2023
Tobacco, State, AGS, Privacy, State attorney general, General practice, Advertising, Chambers, Chambers and Partners, Marketing, AG, Nursing

NEW YORK, Feb. 1, 2023 /PRNewswire/ -- Troutman Pepper's nationally recognized State Attorneys General practice celebrates its 20th anniversary this year. The practice has become a go-to for clients seeking assistance with state attorneys general enforcement, litigation, and compliance matters, and is one of only five ranked nationwide by Chambers USA in the category. View an interactive site showcasing what makes it one of a kind.

Key Points: 
  • 'One-of-a-Kind' Practice Celebrates Milestone Year, Launches New Client-Centered Site, troutmanpepperstateag.com
    NEW YORK, Feb. 1, 2023 /PRNewswire/ -- Troutman Pepper's nationally recognized State Attorneys General practice celebrates its 20th anniversary this year.
  • The practice has become a go-to for clients seeking assistance with state attorneys general enforcement, litigation, and compliance matters, and is one of only five ranked nationwide by Chambers USA in the category.
  • "We are proud to be one of the most established state attorneys general-focused practices in the country and at the forefront of the major issues state AGs are pursuing," said Partner Ashley Taylor, co-lead of Troutman Pepper's State AG practice.
  • "Troutman Pepper has established itself as a market-leading firm for clients facing governmental investigations and enforcement actions initiated by state attorneys general," said Partner John West, chair of the firm's Business Litigation department.

Robins Kaplan LLP Announces Major Proposed Opioid Settlement for Its Tribal Nation Clients

Retrieved on: 
Tuesday, November 15, 2022
Legal, Professional Services, Walmart, Cardinal Health, State attorney general, American Indians, Cardinal, Janssen Pharmaceuticals, Johnson & Johnson, AmerisourceBergen, Purdon, Multidistrict litigation, Party, State, Robins Kaplan LLP, Public International Law & Policy Group, Bankruptcy, Country, McKesson Corporation, Lawyer, Policy, Silicon, American Indian Law Review, Pharmaceutical industry, Tribe

Robins Kaplan LLP announced a proposed $77.9 million settlement of the pending national opioid litigation claims by Tribes brought against Wal-Mart.

Key Points: 
  • Robins Kaplan LLP announced a proposed $77.9 million settlement of the pending national opioid litigation claims by Tribes brought against Wal-Mart.
  • The proposed settlement, which must be agreed to by the sovereign governments of the Tribes, is the latest major settlement of Tribal opioid claims in the Ohio-based federal Multi-District Litigation.
  • The Wal-Mart settlement moves the total amount of opioid settlement and possible bankruptcy court payment dollars to Tribes to well over $1,000,000,000.
  • The court-appointed Tribal Leadership Committee on which Robins Kaplan LLP serves and Wal-Mart are in the process of drafting definitive settlement agreements.

Communications Daily Launches Communications Litigation Today

Retrieved on: 
Wednesday, October 12, 2022
News, Telecom, Tech, Telecommunication, Policy, Organization, Federal, Privacy, State attorney general, Research, Legislation, Social media, State, Federal Communications Commission, Government, DOJ, PDF, Mobile phone, Public relations, Mail

WASHINGTON, Oct. 12, 2022 /PRNewswire/ -- The editors of the leading telecommunications news service, Communications Daily, announce the launch of Communications Litigation Today, a new information service that will deliver comprehensive coverage of the fast-moving communications legal environment to help professionals in telecom, tech and media understand legal impacts on their organizations.

Key Points: 
  • WASHINGTON, Oct. 12, 2022 /PRNewswire/ -- The editors of the leading telecommunications news service, Communications Daily, announce the launch of Communications Litigation Today, a new information service that will deliver comprehensive coverage of the fast-moving communications legal environment to help professionals in telecom, tech and media understand legal impacts on their organizations.
  • Communications Litigation Today fills this need with authoritative daily coverage of significant telecom cases, plus detailed reporting, context, newsmaker interviews, and links to source documents related to legal proceedings and decisions with national implications.
  • Communications Litigation Today was developed with their feedback to deliver that information more quickly and concisely than anyone else."
  • Communications Litigation Today provides litigators, corporate counsels, regulators and other communications law professionals with daily coverage of impactful court activity in the telecom, tech and media industries to help them stay informed on and respond to the changing legal environment.

Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae

Retrieved on: 
Friday, September 9, 2022
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WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).

Key Points: 
  • WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, issued the following statement in response to the minimum financial eligibility requirements for enterprise seller/servicers and Ginnie Mae issuers announced by the Federal Housing Finance Agency (FHFA) and Ginnie Mae (GNMA).
  • We are having discussions with GNMA with respect to their risk-based capital requirements, which take effect at year-end 2023.
  • We are evaluating our alternatives, as well as the costs and benefits of achieving compliance with the GNMA risk-based capital requirements.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

Ocwen Financial Announces Second Quarter 2022 Results

Retrieved on: 
Thursday, August 4, 2022
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The Company reported GAAP net income of $10 million for the second quarter with an adjusted pre-tax loss of $26 million (see Note Regarding Non-GAAP Financial Measures below).

Key Points: 
  • The Company reported GAAP net income of $10 million for the second quarter with an adjusted pre-tax loss of $26 million (see Note Regarding Non-GAAP Financial Measures below).
  • Second quarter results reflect higher interest rates and spreads and planned asset sales.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.
  • Other companies may use non-GAAP financial measures with the same or similar titles that are calculated differently to our non-GAAP financial measures.

Antitrust Expert with Direct Experience Representing the Department of Justice Shares Views on JetBlue-Spirit Combination

Retrieved on: 
Tuesday, June 7, 2022
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JetBlue (NASDAQ: JBLU) today shared remarks by antitrust expert Glenn Pomerantz discussing how the U.S. Department of Justice (the DOJ) and courts will likely view the proposed combination of JetBlue-Spirit.

Key Points: 
  • JetBlue (NASDAQ: JBLU) today shared remarks by antitrust expert Glenn Pomerantz discussing how the U.S. Department of Justice (the DOJ) and courts will likely view the proposed combination of JetBlue-Spirit.
  • He was engaged by JetBlue to work alongside its antitrust counsel to examine how the combination would be reviewed by regulators.
  • Mr. Pomerantz concludes, If youre worried about the passengers who really want an ultra-low-cost alternative, those alternatives will be there.
  • There are plenty of other ultra-low-cost carriers, who will enter and take over a route of Spirits if that route is profitable.

Ocwen Financial Announces First Quarter 2022 Results

Retrieved on: 
Thursday, May 5, 2022
Liberty, GAAP, Consumer Financial Protection Bureau, Fannie Mae, HECM, Consumer, Yoy, Securities Exchange Act of 1934, SEC, Solution, WEST, CEO, Microsoft, State, Freddie Mac, Forward-looking statement, HUD, Company, NYSE, Financial regulation, Securities Act of 1933, State attorney general, Government National Mortgage Association, UPB, CFPB, Pressure, Total, Government, U.S. Securities and Exchange Commission, Income, Insurance, MAV, Policy, PHH, MSR, Security (finance), Justice, United States Department of Justice Antitrust Division, United States Secretary of Housing and Urban Development, Education, Smart contract, Lender option borrower option, GSE, COVID-19, Housing, Department, GLOBE, OCN, Instability, Annual report, Review, Form 10-K, GNMA, Online gambling, Bank, Ocwen

Book value per share of $58 as of March 31, 2022, up 14% from March 31, 2021

Key Points: 
  • Book value per share of $58 as of March 31, 2022, up 14% from March 31, 2021
    WEST PALM BEACH, Fla., May 05, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced its first quarter 2022 results and provided an update on the Companys key business priorities.
  • First quarter results were consistent with the Companys expectations notwithstanding the rapid rise in interest rates.
  • Messina continued, We believe we have several strengths that can help us achieve our financial objectives in this market cycle.
  • We believe these non-GAAP financial measures provide a useful supplement to discussions and analysis of our financial condition.

Ocwen Financial Announces Preliminary First Quarter 2022 Results and Schedules Earnings Conference Call

Retrieved on: 
Wednesday, April 27, 2022
Solution, OCN, Liberty, Fannie Mae, U.S. Securities and Exchange Commission, NYSE, Government National Mortgage Association, Instability, CEO, Securities Exchange Act of 1934, Consumer, CFPB, Department, Housing, Freddie Mac, Annual report, Education, GLOBE, SEC filing, Microsoft, COVID-19, State, Justice, Forward-looking statement, MSR, Securities Act of 1933, Company, United States Secretary of Housing and Urban Development, United States Department of Justice Tax Division, MAV, GSE, Security (finance), HECM, PHH, HUD, Straw borrower, SEC, UPB, Consumer Financial Protection Bureau, Industry, Review, Government, PALM, State attorney general, Form 10-K, Online gambling, Bank, Ocwen

WEST PALM BEACH, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced preliminary results for the first quarter of 2022 and scheduled an earnings conference call for Thursday, May 5 at 8:30 a.m. (ET).

Key Points: 
  • WEST PALM BEACH, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced preliminary results for the first quarter of 2022 and scheduled an earnings conference call for Thursday, May 5 at 8:30 a.m. (ET).
  • We look forward to providing additional details and business updates during our first quarter earnings conference call.
  • The Company will hold a conference call on Thursday, May 5, 2022 at 8:30 a.m. (ET) to review the Companys first quarter 2022 operating results and provide a business update.
  • You can access the conference call by dialing (800) 304-0389 or (773) 341-1655 and using the conference ID 5259170 approximately 10 minutes prior to the call.

Mallinckrodt Agrees to Pay $234 Million to Settle False Claims Act Case Brought by Whistleblower Law Collaborative Client for Unpaid Acthar Medicaid Rebates

Retrieved on: 
Tuesday, March 8, 2022
Linda, Medicaid, Epinephrine autoinjector, Centers for Medicare & Medicaid Services, CMS, Human, False Claims Act, Mylan, AMP, New Hampshire Department of Justice, Government, Corporation, Justice, Bankruptcy, Medicare, Corporate integrity agreement, FDA, State attorney general, Medicaid Drug Rebate Program, Attorney General's Office (United Kingdom), Control, Whistleblower, State, District, Center, Department, Pharmaceutical industry, Health insurance, Mallinckrodt, Adrenocorticotropic hormone (medication)

Because of Mallinckrodt's bankruptcy, federal and state governments were not able to recoup the full amount of the unpaid rebates.

Key Points: 
  • Because of Mallinckrodt's bankruptcy, federal and state governments were not able to recoup the full amount of the unpaid rebates.
  • But individuals have a voice and the power to do something about wrongdoing, thanks to whistleblower laws like the False Claims Act."
  • This is the second major success for the Whistleblower Law Collaborative in a Medicaid rebate fraud case.
  • In 2017, Mylan paid $465 million for misclassifying EpiPen as a generic drug to avoid paying the higher rebates owed on brand name drugs.