Claims / Legal
Supreme Court Justices Grapple with Rules for Class Actions
U.S. Supreme Court justices sought a middle ground to preserve class-action shareholder lawsuits as they heard a case testing the legal rules that have fostered thousands of cases over the past ...
Visa CFO Says Industry Fraud Costs to Soar as Hackers Innovate
Payment networks, retailers and banks will continue to face significant costs to address fraud as hackers find new ways to steal data, according to Byron Pollitt, chief financial officer of Visa Inc. ...
Lawyer Says S&P’s Global Biz at Risk on Australia Liability Ruling
Standard & Poor's global business may be at risk after an Australian judge ruled the company misled investors with triple-A ratings on derivatives whose value plunged during the global financial ...
Judges Rules in Favor of Chevron on $9.5B Pollution Damage Award; Says Lawyer Tactics Fraudulent
Steven Donziger, the Harvard-educated lawyer who has waged a two-decade battle against Chevron Corp over pollution in the Amazon jungle in Ecuador, is not one to accept defeat quietly. Hours after a ...
Cyber Attacks Increasing, Costing Millions, Straining Internet
Crashing websites and overwhelming data centers, a new generation of cyber attacks is costing millions and straining the structure of the Internet. While some attackers are diehard activists, ...
Supreme Court Expands Sarbanes-Oxley Whistleblower Shield
The U.S. Supreme Court expanded the reach of a federal law enacted in response to the 2001 Enron Corp. collapse, saying it protects people who work for a public company's contractors, including law ...
High Court to Determine Fate of Securities Class Actions
In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26-year-old precedent that made it easier for ...
Fitch Expects No Rating Impact of Winter Losses
Severe winter weather is causing large losses for property/casualty insurance companies in early 2014, however there should be no rating impact as a result, according to Fitch Ratings. The severe ...