Claims / Legal
Tower Group to Release 2Q in Early October; Reserve Adjustment Under Wraps
Tower Group International, Ltd. announced Tuesday that it plans to release its second-quarter 2013 financial results during the week of Oct. 7. The announcement said the company does not expect to ...Corzine Masterminded ‘Scheme’ at MF Global, New Trustee Says; D&O Insurance Intact?
Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by ...
Ex-JPM ‘Whale’ Deputy Argues He Was Just Following Orders
A lawyer for a former JPMorgan Chase & Co employee who worked with "the London Whale" Bruno Iksil, has been trying to convince U.S. prosecutors that his client was the unwitting victim of ...
Fire Sweeps Through New Jersey Shore Boardwalk Rebuilt After Sandy
A wind-driven blaze consumed a New Jersey Shore boardwalk and amusements freshly rebuilt after Hurricane Sandy, destroying dozens of businesses. The fire swept through at least six blocks of Seaside ...
U.S. Judge Tosses Pregnancy Bias Lawsuit Against Bloomberg LP
A federal judge threw out a lawsuit accusing Bloomberg LP of discriminating against dozens of pregnant employees, saying the Equal Employment Opportunity Commission's mishandling of the case ...
Travelers $633M Buyback Sets Record in Quarter as Storm Costs Decline
Travelers Cos., the only property insurer in the Dow Jones Industrial Average, spent a record amount on share repurchases this quarter as it benefits from lower costs tied to the most severe natural ...
Rain but No Damage as Gabrielle Buffets Bermuda; Humberto to Miss Land
Missing a record for being the latest first Atlantic hurricane in the satellite era by just a few hours, Hurricane Humberto developed early Wednesday, according to AIR Worldwide, which also reported ...
Google Loses Appeal in Street View Privacy Case
A federal appeals court rejected Google Inc.'s bid to dismiss a lawsuit accusing it of violating federal wiretap law when its accidentally collected emails and other personal data while building its ...