Litigation/Liability Trends
The Trial of Ex-AIG Chairman Hank Greenberg Finally Begins
Opening arguments began on Tuesday in the trial of former American International Group Inc chairman Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago. Greenberg, ...
U.S. Appeals Court Revives JPMorgan Chase Whistleblower Lawsuit
A federal appeals court on Monday revived a former JPMorgan Chase & Co private banker's whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client ...
Suit Alleges Samsung, LG Suppressed Wages in Anti-Employee Poaching Deal
LG Corp. and Samsung Electronics Co. were accused in a lawsuit of conspiring to suppress wages by agreeing not to recruit each other's employees in Silicon Valley, where allegations of no-poaching ...
Berkshire Hathaway Accused of ‘Reverse Ponzi Scheme’ in Workers Compensation Suit
Berkshire Hathaway Inc. duped a New York bicycle courier company into paying for a workers' compensation plan that diverted premiums into the insurer's own subsidiaries in violation of state laws, ...
46M People Could Benefit From $19B UK Suit Alleging Excessive Mastercard Fees
Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, ...
Longtime VW Engineer Pleads Guilty to Charge in U.S. Emissions Probe
A veteran Volkswagen AG engineer pleaded guilty to conspiring to defraud U.S. regulators and customers, the first criminal charge in the Justice Department's year-long investigation into the ...
Ex-AIG Chairman Greenberg Seeks Vindication in 11-Year Lawsuit Battle
Even at 91, former American International Group Inc. Chairman Maurice "Hank" Greenberg isn't ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the ...
Drone Racing Broadcast on TV Could be Europe’s Next Big Thing
Europe's leading pay-TV group Sky, known for splashing out billions of pounds on coverage of glamorous sports to keep an edge over its rivals, said on Wednesday it had identified the next big thing: ...