Litigation/Liability Trends
U.S. Sues Quicken Loans, Alleging Fraud in FHA-Insured Lending
Quicken Loans Inc. submitted insurance claims for hundreds of improperly underwritten U.S. Federal Housing Administration-insured loans over four years, the government alleged in a lawsuit. Quicken's ...
AIG to Get $72M in Air Lease Lawsuit Settlement
American International Group Inc. is due to receive $72 million in payments under a settlement of the lawsuit against Air Lease Corp., the jet lessor founded by Steven Udvar-Hazy. Air Lease will make ...
U.S. House Approves Cyber Threat-Sharing Bill
The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with the government without fear of ...
Ex-AIG CEO Greenberg Scrambles to Avoid Fraud Trial
In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice "Hank" Greenberg is seeking permission to ask New York's highest court to throw out the accounting ...
Goldman Sachs Resolves U.K. Gender-Discrimination Lawsuit
Goldman Sachs Group Inc. settled a discrimination lawsuit hours before testimony from an analyst who'd claimed she'd been deprived of pay, bonuses and a promotion because of her gender. Sonia ...
GM Car Owners Still Pursuing $7.5B in Ignition Switch Liability Case
General Motors Co. car owners will still seek $7.5 billion for the diminished value of recalled vehicles, despite a ruling that largely freed the automaker from liability for wrongdoing before its ...
Ex-AIG Head Loses Bid to Dismiss Fraud Lawsuit
A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the ...
BP Spill Leads to Proposed Risk Reduction Rules For Offshore Oil Wells
The Obama administration proposed tighter rules for the offshore drilling equipment designed to be a last line of defense against oil-well blowouts, five years after the fatal BP Plc spill off ...