No punitive damages for Wells Fargo in nonprofit lawsuit
A day after it ordered Wells Fargo to pay $29.9 million in compensatory damages to four Minnesota nonprofits that lost money in one of the bank’s investment programs, a jury decided not to impose punitive damages on the bank, The Minneapolis Star Tribune reported June 3 (see Wells Fargo story). A lawyer for the nonprofits had asked for $100 million in punitive damages.
Maryland nonprofits fear state budget cuts
With the start of the new fiscal year less than a month away, Maryland nonprofits fear budget cuts could hurt them in fiscal 2012, MarylandReporter reported June 1 (see Maryland nonprofits story).
George W. Bush library may fall short of fundraising goal
With groundbreaking scheduled for this fall for the presidential library in Texas for former President George W. Bush, efforts to raise $300 million for the library may fall short of their goal, UPI reported May 30 (see Bush library story).