Litigation/Liability Trends
Apple Faces Possible 2014 Trial on e-Book Damages; Amount Could be Hundreds of Millions
The federal judge who ruled that Apple Inc. violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according ...BP Asks Judge to Deny Investor Class-Action Against Company, Officers
BP Plc asked a federal judge to deny U.S. investors the right to pursue a class action, or group, lawsuit claiming the company misled them before and after the 2010 Gulf of Mexico oil spill. The ...
Judge Allows California Case Against Standard & Poor’s To Proceed
A U.S. judge has allowed the California attorney general's office to proceed with a lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings that led to ...
Samsung Sued by Brazil Prosecutor For Factory Working Conditions
Samsung Electronics Co. was sued by a Brazil public prosecutor who says workers at a company factory were subject to unsafe conditions, according to a statement on a government website. The Public ...
Designation of Obesity as Disease Could Affect Workers’ Comp
The recognition of obesity as a disease may have a significant impact on workers' compensation claims, according to a from the California Workers' Compensation Institute The group issued the report ...
Cyber Risk Is Biggest Threat to Global Markets, Governments: DTCC
Cyber security is the greatest threat to markets and governments around the world, according to the Depository Trust & Clearing Corp., which processes U.S. stock trades. The New York-based ...
Nuveen Investments Sues AIG, Former Executives Alleging Securities Fraud
Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the months leading up to the U.S. financial crisis in 2008. Also ...
Allstate’s Mortgage Securities Suit Against Goldman Sachs Discontinued
Allstate Corp.'s 2011 lawsuit against Goldman Sachs Group Inc. over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued, court records show. The insurer sued ...