Tuesday, July 7, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

Have you seen Bear? Reward! Black Manx cat (no tail), shy, short legs, 9 years old, needs shots, missing since October, Tower Lake area. 210-635-7560.

VideoFound mom and puppy Chihuahuas running on the road in traffic. Must describe collars to claim. Text or call, leave message if phone not answered. Thanks. 210-625-2996

VideoLost: Help my Toy Aussie get home, Hwy. 181 and 1604 area. adult female, 13" and less than 20 pounds. Call if you see or find her, 210-328-5050.
More Lost & Found ads ›

Help Wanted

Your #1 Advertising Resource! Call 830-216-4519.
SS Water Supply is now hiring Meter Reader/Field Technician, full-time position, good driving record, high school graduate, great benefits, starting at $9/hour, opened until filled. Apply at Main Office, 10393 Hwy. 87, La Vernia, TX. 
More Help Wanted ads ›

Featured Videos





Video Vault ›
WCN Citizens Forum 5/28/15WCN your news your way subscribeWCN essential oils

Breaking News


Multistate Coalition Reaches $58.75 Million Settlement with Wachovia




E-Mail this Story to a Friend
Print this Story
Attorney General
December 8, 2011, 2:00pm
1,617 views | Post a comment

AUSTIN -- Texas Attorney General Greg Abbott and 25 other state attorneys general today reached a $58.75 million agreement with Wachovia Bank N.A. that will resolve the States’ antitrust investigation into the bank’s marketing of municipal derivatives.

Under the agreement, $54.5 million in restitution will be available to eligible governmental and nonprofit entities that entered into municipal derivative agreements with Wachovia between 1998 and 2004.

Qualifying governmental and nonprofit entities will be notified if they are eligible for restitution. To obtain the dollars available to them under the settlement, eligible entities must submit a claim and follow the process provided in the agreement. Texas-based entities are eligible for approximately $2.7 million in restitution from Wachovia.

The agreement negotiated by the multistate coalition addresses unlawful conduct that was investigated, in part, by the Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC) and the Internal Revenue Service. Under today’s agreement, Wachovia will also pay $3 million directly to the working group as an additional payment for investigative costs and fees and a $1.25 million civil penalty. Today’s agreement also requires Wachovia’s continued cooperation with the States’ ongoing investigation.

Texas played a lead role in the multistate effort, which included state attorneys general from Alabama, California, Colorado, Connecticut, District of Columbia, Florida, Idaho, Illinois, Iowa, Kansas, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee and Wisconsin.

Thus far, the multistate coalition has secured agreements with Bank of America, JPMorgan Chase & Co., Wachovia Bank and Switzerland-based UBS AG totaling nearly $310 million to remedy anticompetitive conduct in the municipal derivatives market.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Breaking News Archives


Malcolm's Custom Welding
Southern Electric
Connally Memorial MC breaking news banner
Heavenly Touch homeDrama Kidsauto chooserVoncille Bielefeld homeAllstate & McBride RealtyTriple R DC Experts

  Copyright © 2007-2015 Wilson County News. All rights reserved. Web development by Drewa Designs.