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Law


RSS FeedsGE Reaches $1.5B Settlement Over Claims Its Subsidiary Misrepresented Subprime Loans
(Law.com Newswire)

 
 

12 april 2019 22:32:35

 
GE Reaches $1.5B Settlement Over Claims Its Subsidiary Misrepresented Subprime Loans
(Law.com Newswire)
 


General Electric has agreed to pay $1.5 billion to settle claims its subsidiary`s lax quality control and financial incentives for loan approval led investors to lose `billions of dollars` and contributed to the 2008 financial crisis.        Â 


 
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