Litigation/Liability Trends
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 ...
GINA Suits Becoming A Reality: Second EEOC Action Filed
On May 16, the U.S. Equal Employment Opportunity Commission announced that the agency filed its second lawsuit charging a company with violating the Genetic Information Nondiscrimination Act. The ...
New Federal Fracking Rules Proposed; Won’t Apply To Drilling On State Lands
On Thursday, the Obama administration unveiled a new proposal for regulating hydraulic fracturing on federal lands, rolling back some measures from its original, abandoned draft as it sought to ease ...Schwab Drops Its Class-Action Waiver Requirement… for Now
Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry ...
Will Supreme Court Enter Climate Change Debate?
With a barrage of legal briefs, a coalition of business groups and Republican-leaning states are taking their fight against Obama administration climate change regulations to the U.S. Supreme Court. ...
Copyright Owners Blocked from Suing Google’s YouTube in Class Action
A U.S. judge on Wednesday denied class-action status to copyright owners suing Google Inc. over the use of material posted on YouTube without their permission. U.S. District Judge Louis Stanton in ...
Court Dismisses Bond Insurer Fraud Claims Against Goldman Over Abacus CDO; Appeal Planned
Goldman Sachs Group Inc. won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus. In a 3-2 decision, a New York state appeals ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...