Litigation/Liability Trends
Paint Manufacturers to Pay $1.1B to California Municipalities in Nuisance Liability Case
Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC have been ordered by a judge to pay $1.1 billion to replace or contain lead paint in millions of homes after losing a ...
JPMorgan Seeks More Than $1B From FDIC Over WaMu claims
JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims ...Ex-BP Engineer Destroyed Gulf Spill Evidence, Jury Told
A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico well explosion and oil spill, a federal prosecutor said at the end of a trial in New ...
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 ...