Litigation/Liability Trends
Analysis: Big Business The Winner In U.S. Supreme Court Class Action Cases
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...Former Enron CEO Skilling’s Sentence Cut To 14 Years
A federal judge slashed 10 years off of his prison sentence of former Enron Corp Chief Executive Jeffrey Skilling on Friday, a decision that could set him free as early as 2017. U.S. District Judge ...
Facebook Admits Year-Long Data Breach Exposed 6 Million Users
Facebook Inc. has inadvertently exposed 6 million users' phone numbers and email addresses to unauthorized viewers over the past year, the world's largest social networking company disclosed late ...
President Obama Speech on Climate Policy Expected Tuesday
President Barack Obama is likely to roll out a number of measures on climate policy, potentially including a strategy to limit greenhouse gas emissions from existing power plants, in a speech on ...
Losses Loom For Investors Enmeshed In U.S. Mortgage Chaos
Since the financial crash, banks have been accused of wrongfully foreclosing on homeowners because they failed to create and maintain proper mortgage paperwork. Now, there are signs that chaotic ...
U.S. Justices Clamp Down On Class Actions In AMEX Case
The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims ...Madoff Trustee Cannot Sue Big Banks, U.S. Court Rules
The trustee seeking money for Bernard Madoff's victims suffered a big defeat as a federal appeals court rejected his bid to recover nearly $30 billion from JPMorgan Chase & Co. and other banks he ...
ACE Publishes Decade’s Worth Of Large Losses By Industry, Limits Data
ACE Bermuda released its "2013 Liability Limit Benchmarks and Large Loss Profile Report" this week, an annual compilation of some of the largest third-party liability losses occurring over the last ...