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Legal briefs: Medford, NY-based Suffolk FCU settles discrimination suit

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Legal briefs: Medford, NY-based Suffolk FCU settles discrimination suit

S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.

Farmers Capital, WesBanco agree with plaintiff to settle deal-related lawsuit

Farmers Capital Bank Corp. and WesBanco Inc. on July 18 agreed with plaintiff to settle the lawsuit related to the disclosures made by the companies with respect to their pending deal.

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Suffolk FCU settles discrimination lawsuit

Medford, N.Y.-based Suffolk FCU has settled with the Long Island Housing Services over allegations that the credit union discriminated against African-Americans and Latinos, News12 Long Island (N.Y.) reported July 16.

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Report: BofA settles defamation complaint by former brokerage unit executive

Bank of America Corp. is paying an undisclosed multimillion-dollar sum to settle a defamation complaint filed by former executive Omeed Malik, Bloomberg News reported July 14, citing a person familiar with the matter.