Litigation/Liability Trends
JPMorgan to Pay Over $2B to Settle Madoff Case
JPMorgan Chase & Co will pay more than $2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff's Ponzi scheme. ...
JPMorgan Nears $2B Settlement in Case Tied to Madoff
JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff's Ponzi scheme, the New York Times reported, ...
SAC Manager’s Jury Can Hear of Greed, Not Fainting or Firing: Judge
Mathew Martoma, the former SAC Capital Advisors LP fund manager whose trial begins this week, won rulings limiting the evidence prosecutors can use to try to prove he made $276 million for SAC based ...
EPA Unlikely To Step Up Fracking Enforcement: Analysts
Federal regulators are unlikely to step up enforcement of potential water contamination cases linked to natural gas drilling—despite new concerns about water safety—given a lack of political will ...
Katrina Suit Recoveries Fall Short of Plaintiffs’ Lawyers Expectations
A team of plaintiffs' attorneys has spent roughly $16 million to sue the Army Corps of Engineers over levee breaches that flooded most of New Orleans after Hurricane Katrina. Joseph Bruno, one of ...
BlackBerry Files Suit Over Against iPhone Keyboard Maker
BlackBerry Ltd., the smartphone maker that withdrew plans to sell itself and go private last year, sued Ryan Seacrest's Typo Products LLC alleging it copied designs for a keyboard case. The company ...Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
BP Plc's bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The ...
Study Shows Fracking May Harm Babies
The energy industry has long insisted that hydraulic fracking—the practice of fracturing rock to extract gas and oil deep beneath the earth's surface—is safe for people who live nearby. New ...