New studies find that banks abused nonpublic information during the financial crisis and that brokers and clients often engage in quid pro quo for insider knowledge. (cnbc.com)
The decision from the Second Circuit Court of Appeals was sparked by the U.S. Supreme Court's decision in the case of former Virginia Gov. Bob McDonnell, whose conviction was overturned by the nation's highest court in a ruling that narrowed the definition of the types of official acts that could be considered as part of quid pro quo arrangements. (timesunion.com)
East Hampton had taken federal money in 2001 for airport infrastructure and other expenses, but the federal dollars came with quid pro quos in the form of «grant assurances.» (suffolktimes.timesreview.com)