Litigation/Liability Trends
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 ...
Concerns About Fracking Fluids Emerge in Flood-Struck Colorado
Contaminated water spilling from flooded oil and gas drilling sites in Colorado is refocusing attention on the environmental risks surrounding America's fracking boom. Floods that have devastated ...
D&O Lawsuits by FDIC on Fast Pace: Cornerstone Research
This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone ...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 ...