Litigation/Liability Trends
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...
Survivors Of Quebec Train Crash To File Class Action Suit
Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, have launched a class action lawsuit to win compensation for ...
Anadarko To Face Narrowed Gulf Spill Shareholder Lawsuit
A federal judge ordered Anadarko Petroleum Corp, which owned part of the blown out well at the center of the 2010 Gulf of Mexico oil spill, to face a lawsuit accusing it of defrauding shareholders, ...
Google & Microsoft: Enemies In Court, Frenemies In Congress
Even as they battle in courts over smartphone and video technology, Microsoft Corp. and Google Inc. have discovered a common foe: patent owners who try to sue their customers or go after an entire ...
NY Judge To Rule If WTC Developer Can Seek Damages Beyond Insurance Payments From Airlines
A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of ...
UK Fraud Prosecutor Charges Two Brokers In LIBOR Probe
Britain's fraud prosecutor on Monday charged two former brokers at interdealer broker RP Martin with rigging LIBOR benchmark interest rates, broadening the scope of the investigation into the scandal ...
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
Former AIG Chief Greenberg Sues Spitzer For Defamation
Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York governor defamed him in several statements to the press, ...