Claims / Legal
AIG Challenges New York Regulator’s Authority Over Sales to Multinationals
American International Group Inc. sued to block New York's top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be ...
Chevron Can Bring Fraud Claims Against Patton Boggs, NY Judge Rules
A New York judge has allowed Chevron Corp to sue Patton Boggs over claims that the Washington law and lobbying firm engaged in fraud while trying to enforce a multibillion-dollar environmental ...
TWIA Sued Over Post-Hurricane Ike Policyholder Costs
A Corpus Christi man is suing the Texas Windstorm Insurance Association (TWIA) for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after ...
GM Hires Feinberg to Handle Recall; CEO Barra Testifies Before Congress
General Motors Co. has retained Kenneth Feinberg, who supervised claims funds after the BP Plc oil spill and other calamities, as a consultant to explore options for families of accident victims ...
Suit Against JPMorgan, CEO Over Whale Losses Can Proceed; Directors Case Dismissed
JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them about its ability to manage risk, which surfaced when it lost $6.2 billion in the ...
Judge Dismisses Motion for Evidence in Malaysia Plane Tragedy, Threatens Sanctions
An Illinois judge on Monday dismissed a U.S. law firm's motion to obtain evidence of possible design and manufacturing defects from Boeing Co and Malaysian Airline System in connection with the ...
The Age of the Athlete-Student: NLRB Ruling May Create New Comp Challenges
What do March Madness and workers compensation have in common? At present, not very much. But if a recent ruling by the National Labor Relations Board (NLRB) holds up, comp underwriters and claims ...
Supreme Court Appears Unlikely to Radically Change Software Patent Law
U.S. Supreme Court justices stepped gingerly into a raging debate over computer software on Monday, voicing concerns about vaguely defined patents but signaling they would avoid any radical change to ...