Litigation/Liability Trends
Corzine Masterminded ‘Scheme’ at MF Global, New Trustee Says; D&O Insurance Intact?
Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by ...
Twitter’s ‘Secret’ IPO Reignites JOBS Act Debate
Twitter's use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company's financial information and ...
New York Financial Services Regulator Probes PwC In Independence Probe
New York state's banking regulator subpoenaed PricewaterhouseCoopers and Promontory Financial Group as part of an effort to reform the consulting industry, according to people familiar with the ...
U.S. Judge Tosses Pregnancy Bias Lawsuit Against Bloomberg LP
A federal judge threw out a lawsuit accusing Bloomberg LP of discriminating against dozens of pregnant employees, saying the Equal Employment Opportunity Commission's mishandling of the case ...
Google Loses Appeal in Street View Privacy Case
A federal appeals court rejected Google Inc.'s bid to dismiss a lawsuit accusing it of violating federal wiretap law when its accidentally collected emails and other personal data while building its ...
S&P Calls Federal Lawsuit ‘Retaliation’ for U.S. Downgrade
Standard & Poor's said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in "retaliation" for its 2011 decision to strip the country of its "AAA" credit rating. The ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...
SAC Capital Civil Suit Should Be Delayed, U.S. Says
A civil forfeiture lawsuit against SAC Capital Advisors LP should be put on hold while prosecutors continue their criminal case against the hedge fund over alleged insider trading, the U.S. told a ...