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Baltimore is suing 10 major banks, alleging they illegally inflated interest rates for particular bonds for public works — overcharging Baltimore and other municipalities by billions of dollars.The city is seeking class-action status for the federal antitrust lawsuit, saying the banks inflated costs for the city and other local governments, which Baltimore seeks to represent. That takes money away that could be spent on schools, police, roads, sewer lines and the like.

The lawsuit, filed in the Southern District of New York, alleges that Bank of America, Barclays Ba...

A federal judge in California has given final approval to a $115 million settlement involving health insurer Anthem over its 2015 data breach. The settlement is the largest ever recorded for a class-action lawsuit filed over a data breach. But most victims will receive no money.

The class-action suit has been winding its way through federal court in San Jose since mid-2015 and is the result of a consolidation of more than 100 lawsuits filed against Anthem.

Most of the settlement fund will be used to fund two more years of credit monitoring and fraud resolution servic...

Members who have health coverage through Blue Shield of California are suing the insurer, alleging the company owes $35 million in additional rebates because it included faulty payments within its medical-loss ratio a few years ago.

Two Blue Shield members, Becky Ebenkamp and Rebecca Morris, filed the class-action lawsuit on behalf of more than 446,000 other people who bought an individual Blue Shield plan in 2014.

One of the lead attorneys for the plaintiffs is Jay Angoff, a former Missouri insurance commissioner and former director of the CMS' Center for Consum...

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