Litigation/Liability Trends
Trial Begins for Dewey & LeBoeuf Executives Charged with Fraud
Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm's former executives on Tuesday by accusing the trio of ...
BP Resolves Oil Spill-Related Claims With Hailiburton, Transocean
BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. ...
Amtrak Already Faces Multiple Lawsuits in Philly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight and injuring more than 200, sued the railroad claiming the accident could have been avoided. The first of the ...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...
JC Penney Faces Class Action Lawsuit Alleging Bogus Discounts
A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good ...
Takata U.S. Air Bag Recall Doubles to 34 Million, Making (Sobering) History
]Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect ...
Amtrak Train Crash Victims Limited by $200M Total Injuries Cap
There are many questions surrounding Tuesday's Amtrak crash. The amount of money victims could receive for injuries isn't one of them as federal law caps total rail-accident damages at $200 million. ...
Massive Bird Flu Epidemic Slashes U.S. Egg Output, Turkey Production
The U.S. government reversed its outlook for bigger egg production this year and now expects that output will fall for the first time since 2008 after the worst domestic outbreak of bird flu ever ...