April 15, 2011
by Christine Stuart | April 15, 2011 5:00am
July 6, 2010
by Christine Stuart | July 6, 2010 10:51am
(Updated 4:30 p.m.) Former Gov. John G. Rowland was behind the microphone at WTIC 1080 Tuesday morning causing trouble for his successor and a little for himself.
May 12, 2010
by Sharon Bass | May 12, 2010 6:14am
West Hartford lawyers suing Webster Bank for anti-customer practices are buoyed by a Florida judge’s decision to pursue a similar class-action against the country’s big banks.
March 26, 2009
by Christine Stuart | March 26, 2009 2:25pm
Stephen Blake, head of human resources for the beleaguered American International Group’s financial products division, testified Thursday at a Banks Committee public hearing on the retention bonuses the insurance giant paid to its executives after it received federal bailout funds.
Blake agreed to testify after AIG’s attorneys and the co-chairmen of the Banks Committee spent several days negotiating the 14 subpoenas they had issued to the company’s executives, none of whom agreed to testify Thursday citing numerous death threats they had received.
Blake and AIG’s attorney Ross Garber of Shipman and Goodwin repeatedly told the committee he was unable to answer several questions regarding the company’s finances or the specifics about financial instruments, such as credit default swaps. Instead Garber and Blake continued to offer up Patrick W. Shea, AIG’s outside legal counsel who drafted the opinion on why Connecticut law forced it to make these retention payments to employees.
March 25, 2009
by Christine Stuart | March 25, 2009 3:56pm
American International Group agreed to send one of its senior executives to the legislature’s Banks Committee hearing tomorrow afternoon even though he wasn’t one of the 14 executives it had subpoenaed.
The co-chairmen of the Banks Committee said Stephen Blake, head of human resources for the beleaguered AIG financial products division, will offer testimony regarding the company’s compensation and bonus payment structure.
According to Sen. Bob Duff, D-Norwalk, it’s still uncertain if he will testify under oath.
Blake’s testimony was part of compromise reached by the Banks Committee co-chairmen and AIG’s legal counsel. Rep. Ryan Barry, D-Manchester, said the committee reserves the right to enforce the subpoenas on the 14 other AIG executives at any time.
March 24, 2009
by Christine Stuart | March 24, 2009 5:56pm
(Updated 8:53 p.m.) Less than 72 hours from now American International Group executives are expected to appear before the legislature’s Banks Committee, but based on discussions thus far it’s still unclear whether they’re going to be in attendance Thursday at 1 p.m.
Banks Committee Co-Chairmen Rep. Ryan Barry, D-Manchester, and Sen. Bob Duff, D-Norwalk, said Tuesday that they’ve gone out of their way to accommodate the AIG employees whose names they gleaned through newspaper reports.
Tuesday afternoon the co-chairmen outlined what they would consider compliance with the 14 subpoenas they served late last week. The subpoenas for all of the AIG employees were accepted by AIG’s local counsel, Ross Garber of Shipman and Goodwin, according to Barry.
March 20, 2009
by Christine Stuart | March 20, 2009 7:53pm
Attorney General Richard Blumenthal and the co-chairmen of the legislature’s Banks Committee issued subpoenas Friday afternoon to a dozen American International Group executives, including CEO Edward Liddy, asking them to come testify at the state Capitol next week.
Blumenthal, along with Rep. Ryan Barry, D-Manchester, and Sen. Bob Duff, D-Norwalk, said the insurance company whose financial products division is headquartered in Wilton, Conn. is potentially misusing the state’s laws in order to justify paying out $165 million in taxpayer funded bonuses.
Blumenthal said his office is prepared to enforce the legislative subpoenas if the dozen AIG executives, who all reside in Connecticut, refuse to come and testify Thursday, March 26.
June 25, 2008
by Paul Bass | June 25, 2008 4:11pm
That $1,500 Uncle Sam sent you? It went straight into your gas tank.
That was the message delivered Wednesday at Union Station by members of ConnPIRG (Connecticut Public Interest Research Group).
The organization unveiled a new study showing that since the economic stimulus law went into effect Feb. 13—sending families an average of $1,500 in federal tax rebates—the average American household has spent that entire sum on ever-more costly gasoline. Since February, the group reported, the average household;‘s weekly gas bill has climbed from $60 to almost $100.
Click here to continue reading Paul’s report.
June 24, 2008
by Christine Stuart | June 24, 2008 10:09pm
Attorney General Richard Blumenthal called on Charter Communications, an Internet Service Provider and Cable company, to suspend “its potentially illegal practice of tracking and sharing its customers’ Internet activities with third-party advertisers.”
Charter Communications has called it’s new pilot program an enhancement. But Newtown resident Matt Perrillo, said if he wants to opt out he has to disclose personal information. To add insult to injury, he can only opt out of receiving the advertisements. He said he can’t opt out of the company tracking where he goes on the Internet.
Blumenthal said Charter Communications’ opt-out provision is seriously inadequate to protect consumers because the opt-out cookie can be easily inadvertently deleted by the customer.
Click here to watch video of Blumenthal explaining the issue at a press conference Tuesday or keep reading to see what Charter Communications had to say.
April 14, 2008
by Christine Stuart | April 14, 2008 3:40pm
The General Administration and Elections Committee killed a bill Monday that would exempt private contractors from disclosing information under the state’s Freedom of Information laws.
Instead of addressing the bill the committee neglected to bring it up for a vote, which effectively killed the bill.
Rep. Chris Caruso, D-Bridgeport, co-chairman of the GAE committee, said there was a lot of pressure put on committee members regarding their vote on this bill. Not to mention, the bill goes “totally against the Freedom of Information Act,” he said.