Litigation/Liability Trends
Countrywide Board, CEO Mozilo Should Face Investors’ Claims, Court Told
Former Countrywide Financial Corp. directors, including ex-Chief Executive Officer Angelo Mozilo, should be forced to face claims that they misled investors about the quality of the mortgage-lender's ...
Changing the Way Businesses Defend Against Cyber Attacks
Hackers have attacked news organizations, social media sites, major corporations and government agencies, accessing private documents and personal information. Still most organizations do not ...
EPLI in Southern California Playing ‘Hard’ to Get
Employment practices liability in California is a growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...
Tepco’s Shareholders Decline to Pursue GE for Fukushima Claims
Tokyo Electric Power Co. shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including ...
BofA Rebuffs AIG Mediation Bid on $8.5 Billion Mortgage Deal
Bank of America Corp. said it won't renegotiate its $8.5 billion mortgage-bond settlement with investors after American International Group Inc., which opposes the deal, sought mediation. Bank of ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...