Litigation/Liability Trends
Subprime Auto Lender May Have Exposed Clients’ Personal Info
Benjamin Lawsky, New York's top banking regulator, sued Condor Capital Corp., claiming the subprime auto lender stole millions of dollars from low-income customers and risked exposing their personal ...
NYAG Schneiderman Probing High-Speed Traders
The New York attorney general is probing more than half a dozen high-speed trading firms, a person familiar with the matter said on Wednesday, as part of his wide-ranging probe into alleged unfair ...
NHL Sued by TIG Insurance Over Defense of Concussion Lawsuits
The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits alleging it concealed the long-term effects of concussions and failed to warn players of ...
Mississippi Commissioner Files Motion to Drop Flood Insurance Suit
The Mississippi Department of Insurance will drop a lawsuit filed in 2013 against the National Flood Insurance Program. The lawsuit, filed in federal court in Jackson, sought to block flood insurance ...
BofA Settles with FGIC, Mellon Over Mortgage Securities for $950M
Bank of America Corp., the second- largest U.S. lender, said it reached a $950 million settlement tied to residential mortgage securities backed by Financial Guaranty Insurance Co. The accord ...
NHL Sued by Ex-Players Over Culture of ‘Extreme Violence’
The National Hockey League was sued by nine former players who claim a culture of "extreme violence" resulted in head injuries and subsequent long-term consequences related to trauma. The NHL has ...
U.S. EPA Plans to Focus Only on Biggest Polluters
The U.S. Environmental Protection Agency's plan to focus on cracking down on just the largest polluters will deliver "lasting returns" to the American public, its top enforcement official said on ...
Allstate, BofA Agree To End $700M Lawsuit Over Toxic Mortgages
Allstate Corp and Bank of America Corp's Countrywide unit have agreed to dismiss a lawsuit stemming from $700 million of toxic mortgage debt, according to a court filing on Tuesday. The parties "have ...