Claims / Legal
New Jersey Boardwalk Fire Linked to Sandy-Damaged Wiring
The massive fire that destroyed part of a Jersey Shore boardwalk and dozens of businesses began accidentally in wiring damaged by Superstorm Sandy—and should prompt coastal property owners to ...
D&O Lawsuits by FDIC on Fast Pace: Cornerstone Research
This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone ...
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 ...