Litigation/Liability Trends
Nasdaq Loses Bid to Have Facebook IPO Lawsuit Dismissed
A federal judge has rejected Nasdaq OMX Group Inc.'s bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc's $16 billion initial public offering, a decision ...
UBS Not Liable for Touting Risk Controls Breached by Rogue Trader
U.S. securities laws have their limits and do not justify making UBS AG liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3 billion of ...
Toyota To Begin Settlement Talks For Acceleration Cases
Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles to unexpectedly accelerate, according to a court filing. Thursday's ...
Cantor Fitzgerald, American Airlines Agree to 9/11 Suit Settlement
Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc. and its insurers over business and property losses stemming from the Sept. 11, 2001, attacks on the World Trade ...
U.S. Authorities Nearing $2B Settlement with JPMorgan on Madoff Violations
JPMorgan Chase & Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, ones that would involve $2 billion ...
Fragmentation Will Damage Global Internet, Warns Kaspersky CEO
Governments around the world may be compelled to wall off their Internet systems as nations and companies move to protect sensitive data amid increasing cybercrime and espionage, Kaspersky Lab Chief ...
Study Forecasts Growth for Professional Liability Insurance Market Across Europe
The market for professional indemnity insurance across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around ...
Q&A: Liability Insurance and Admitting Wrongdoing in SEC Settlements
Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The ...