California Sues State Street Bank for Fraud

The California attorney general has filed a suit against the State Street Corporation alleging that State Street Bank cheated California’s two largest pension funds out of almost $57 million. The state alleges that the bank committed the fraud by overcharging the pension funds for foreign exchange trades. Specifically, the complaint alleges that State Street Bank […]

New York Medicaid to Stop Paying for Hospital Mistakes

New York state Medicaid officials have announced that beginning in October 2008, the program will stop paying for 14 avoidable hospital errors. The list includes such mistakes as performing surgery on the wrong patient, performing the wrong surgical procedure on the right patient, and medication errors. The officials believe that the 14 errors should never […]