Litigation/Liability Trends
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
Goldman Sachs Puts U.S. Government Mortgage Bond Dispute Behind It
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S.regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced ...
For $16.65B, Bank of America Resolves Mortgage Charges
Bank of America Corp. reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed ...
The Dead and Missing Rise in Japan Landslide Tragedy
Rescue workers battled through mud for a second day in search of dozens of people still missing after torrential rain triggered landslides in the western Japanese city of Hiroshima that killed 39 ...
Berkshire Hathaway to Pay Tiny Fine Over M&A Antitrust Snafu
Warren Buffett's Berkshire Hathaway Inc. agreed to pay $896,000 to settle U.S. claims that it violated antitrust laws when it acquired USG Corp. stock without reporting the transaction, after getting ...
U.S. Ready to Sue Countrywide Co-Founder in Mortgage Fraud Case
Countrywide Financial Corp. co- founder Angelo Mozilo hasn't escaped the wrath of prosecutors for his company's role in inflating the U.S housing bubble that preceded the financial crisis. More than ...
Exploiting ‘Heartbleed’ Bug Aided Massive Hospital System Cyber Attack
Hackers who stole the personal data of about 4.5 million patients of hospital group Community Health Systems Inc broke into the company's computer system by exploiting the "Heartbleed" internet bug, ...
Canada Feds: Rail Disaster Followed Inadequate Company Audit
The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on ...