Litigation/Liability Trends
Accounting Professors Back BP’s Fight To Cap Oil Spill Payouts
A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the ...
Insurers Lose Bid to Halt Funding of Pittsburgh Corning’s Asbestos Trust
Pittsburgh Corning Corp.'s bankruptcy judge overruled final objections by insurance companies trying to halt the reorganization of the building-supply company. U.S. Bankruptcy Judge Judith Fitzgerald ...
Insurers Oppose Pittsburgh Corning Bankruptcy Exit Plan
Insurers fighting Pittsburgh Corning Corp.'s reorganization have asked a judge to rescind her initial approval of the building-supply company's plan to exit bankruptcy. U.S. Bankruptcy Judge Judith ...
U.S. Needs Stronger Action Against Trade Secret Theft by China: Commission
Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel ...
AIG Sues Convicted U. of Virginia Killer Huguely Over Insurance Probe
George W. Huguely V, the ex-University of Virginia lacrosse player convicted of murdering his sometime girlfriend in May 2010, was sued by American International Group Inc. over his refusal to ...
Third-Party Litigation Funding Appears On Rise But Who Really Knows?
While third-party litigation funding has just started to grab headlines in the United States, the funding method has been used in Europe for some time. People in the United States didn't see a need ...
Wage and Hour Claims Among Top Threats to U.S. Employers
Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to ...
Supreme Court to Hear SOX Mutual Fund Whistleblower Case
In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as ...