Litigation/Liability Trends
BP Lied About Size of U.S. Gulf Oil Spill, Lawyers Say
In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs' lawyers said on Monday at the ...Preview: BP Battles for Billions in New Gulf Trial Phase
BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. ...
Federal Trade Commission Moves Closer to Studying ‘Patent Trolls’
The U.S. Federal Trade Commission on Friday took another step toward a comprehensive study of "patent trolls" - companies in the business of buying and asserting patents - to see if they are hurting ...
SEC Chair White Vows Big Fines to Punish Wrongdoers
The head of the U.S. Securities and Exchange Commission warned that her agency will aggressively use its powers to fine wrongdoers and is seeking other creative ways to hold companies and individuals ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...
Brookfield, AIG End Lawsuit Tied to 2008 Collapse
American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge's ruling that the insurer's collapse triggered default ...
U.S. Industry Sees Carbon-Capture as Legal Chink in EPA Rules: Analysis
Faced with the Obama administration's new crackdown on power plant emissions, the coal and electric utility industry is honing a legal strategy it believes could derail the measures. New rules ...
California Law to Regulate Fracking Signed By Governor
California's first regulations on fracking and related oil production practices will go into effect next year in the most populous U.S. state under a bill signed into law on Friday by Democratic ...