New York Attorney General Settlement Agreements

[62] The Attorneys General of California, Connecticut, Delaware, Maine, New Mexico, Oregon and the District of Columbia joined the complaint. [142] Press release, N.Y.S. Attorney General, Attorney General James On Passage of Salary History Bill (June 20, 2019), ag.ny.gov/press-release/2019/attorney-general-james-passage-salary-history-bill; NY AG James (@NewYorkStateAG), Twitter (January 6, 2020), twitter.com/ NewYorkStateAG/status/1214289147604750338. (4) Changes in vehicle and greenhouse gas emission standards. In July 2019, the U.S. Department of Transportation`s National Highway Traffic Safety Administration (“NHTSA”) repealed an Obama-era rule and announced a new rule limiting the civil penalty interest rate for automakers that fail to meet certain emission standards. AG James led a coalition of 13 Attorneys General by challenging the authority`s decision before the U.S. Court of Appeals for the Second Circuit, claiming that the new rule was “illegal and rewards automakers who do not manufacture fuel-efficient vehicles” and that it “violates federal law that requires public authorities to update their civil penalties to account for inflation with a clear timetable and adjustment formula.” [108] The case was tried on June 1, 2020. [109] On March 31, 2020, the Trump administration announced its final rule to re-inject clean car standards.

[110] On May 27, 2020, AG James joined a multi-governmental appeal against the EPO, the U.S. Department of Transportation and NHTSA. [111] The ongoing complaint, which has been joined by 23 other Attorneys General and several other local governments, argues that the reversal will put an end to “progress in saving consumers at the pump and reducing harmful greenhouse gas emissions, harming the economy and public health at a time when the country can afford it as little as possible.” [112] [34] Robin McDonald, Judge OKs $77.5 million in legal fees, approved Equifax Data Breach Settlement, Law.com (December 19, 2019), www.law.com/dailyreportonline/2019/12/19/judge-oks-77-5-million-in-legals-fees-approves-equifax-data-breach-settlement/. [117] Justin Gillis – Clifford Krauss, Exxon Mobil Investigated for Possible Climate Change Lies by New York Attorney General, N.Y. Times (November 5, 2015), www.nytimes.com/2015/11/06/science/ Exxon-mobil-under-investigation-in-new-york-over-climate-statements.html. In September 2019, AG James led a coalition of eight attorneys general across the country when it filed a federal complaint against Regulation Best Interest, a U.S. government in June 2019. The securities and exchange commission `SEC` regulations, which the complaint states, do not meet the requirements of the Dodd-Frank Act. [60] The settlement, which is known as Reg BI, describes the obligations of brokers who advise investors and require covered brokers to act in the best interests of their clients – but it does not impose a trust obligation. [61] According to the complaint,[62] the SEC`s adoption of Reg BI was contrary to the congressional delegation of authority described in the Dodd-Frank Act.

In late September 2019, the Southern District of New York dismissed the complaint of non-jurisdiction of the object and found that the SEC`s Decision Review Act provided that the U.S. Court of Appeals for the Second Circuit was the appropriate forum for litigation and not the district court. [63] The Agency continued this action in the second circle.

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