Litigation/Liability Trends
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 ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling
The U.S. Supreme Court's decision on affirmative action may force universities to re-examine their admissions policies and face waves of litigation about race-based admission. In a 7-1 ruling Monday, ...BP Steps Up Spill Payments Protest With Ad Campaign
BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by placing advertisements in leading newspapers ahead of a July 8 appellate ...
SEC Commish Urges Selective Use Of New Settlement Policy For ‘Bad Actors’
The U.S. Securities and Exchange Commission should focus its new policy of seeking admissions of wrongdoing on cases such as those involving bad actors who have a high risk of being repeat offenders, ...
U.S. Regulator Tells Web Search Firms To Label Ads Better
U.S. regulators warned leading Internet firms including Google Inc. to better identify paid ads in search results, particularly as new technology such as mobile services and voice-based online ...
Supreme Court Limits Workplace Harassment, Retaliation Claims
The U.S. Supreme Court put new limits on lawsuits claiming on-the-job harassment, throwing out a case filed by a black catering worker who said a colleague slapped her and used racial epithets. The ...CFTC Likely To Charge MF Global Execs Beyond Corzine: Legal Experts
The lawsuit that the U.S. Commodity Futures Trading Commission is considering filing against MF Global chief executive Jon Corzine would require the CFTC also to charge other former MF Global ...