Claims / Legal
Public Company Audit Board Revives Partner Disclosure Proposal
The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits. The Public ...
Developers Gain Added Protection from Terrorism-Related Lawsuits in 9/11 Case
A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming ...
EU Commission Fines Banks $2.3B for Benchmark Rigging
EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging ...
That ’70s Show: Obamacare Takes Federal Black Lung Claims Back in Time
Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put casualty insurance carriers on the hook to pay Black Lung benefits on claims ...
Madoff Behaved Like a Lunatic Over Feeder Fund Probe, Jury Told
Bernard Madoff demanded his inner circle rush to re-create years' worth of fake account documents for a feeder fund that in 1992 attracted unwanted attention from regulators, the con man's ex-finance ...Wells Fargo: U.S. Targeting Exec As Defendant May Be Retaliation
Wells Fargo & Co said Monday that a U.S. government request to add one of its executives as a defendant in a fraud case may be in retaliation for the bank's decision to cut off settlement talks. ...BP Wins Appeals Court Order Stopping Some Oil Spill Payments
BP Plc won an appeals court order stopping some payments under a $9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill. BP last month asked for an injunction halting payments to claimants ...
Trial Begins for Ex-BP Engineer Who Deleted Texts
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the worst U.S. offshore oil spill, a jury is set to hear the Justice Department's case against a ...