Litigation/Liability Trends
India IT Watchdog Investigating Breach In ATM Heist
The Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $45 million ...
As in Greenberg Case, New York May Drop Claims Against BofA Over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over ...
London Courts Popular Destination for ‘Legal Tourists’
Foreigners brought almost two-thirds of all lawsuits heard in London's leading commercial court over the last five years, according to a new survey, cementing the city's reputation as the venue of ...
U.S. Gets Green Light to Sue BofA Over Mortgages Under Untested Theory
A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp. over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a ...SEC Charges Pennsylvania’s Harrisburg With Fraud
Federal regulators on Monday accused Pennsylvania's beleaguered capital, Harrisburg, of committing fraud, in a move that officials said is meant to send a warning to local officials about the ...Ohio Pension Fund Files Suit Against Banks Alleging CDS ‘Conspiracy’
A U.S. pension fund has initiated a class action lawsuit against a group of the world's largest banks, accusing them of "conspiring" to scuttle competition in the $27 trillion credit default swap ...
MBIA, Bank of America Reach $1.6 Billion Settlement
Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies ...
Patent Claims Cause Firms to Drop Business Lines: Study
Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to exiting their business altogether, according to a study from ...