Claims / Legal
JPMorgan Nears $2B Settlement in Case Tied to Madoff
JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff's Ponzi scheme, the New York Times reported, ...
U.S. Judge Orders RBS Unit in Japan to Pay $50M Over LIBOR
A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the ...
SAC Manager’s Jury Can Hear of Greed, Not Fainting or Firing: Judge
Mathew Martoma, the former SAC Capital Advisors LP fund manager whose trial begins this week, won rulings limiting the evidence prosecutors can use to try to prove he made $276 million for SAC based ...
Botched Geological Studies at Center of Panama Canal Expansion Cost Dispute
Flawed geological studies of the terrain of the Panama Canal by its operator has led to big cost overruns in the project to expand the waterway, the building consortium at the center of a dispute ...
EPA Unlikely To Step Up Fracking Enforcement: Analysts
Federal regulators are unlikely to step up enforcement of potential water contamination cases linked to natural gas drilling—despite new concerns about water safety—given a lack of political will ...
Katrina Suit Recoveries Fall Short of Plaintiffs’ Lawyers Expectations
A team of plaintiffs' attorneys has spent roughly $16 million to sue the Army Corps of Engineers over levee breaches that flooded most of New Orleans after Hurricane Katrina. Joseph Bruno, one of ...
BlackBerry Files Suit Over Against iPhone Keyboard Maker
BlackBerry Ltd., the smartphone maker that withdrew plans to sell itself and go private last year, sued Ryan Seacrest's Typo Products LLC alleging it copied designs for a keyboard case. The company ...Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
BP Plc's bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The ...