Litigation/Liability Trends
U.S. Can Sue BNY Mellon Over Currency Trades; Mortgage Cases To Test Same Law
A federal judge said on Wednesday the U.S. government can proceed with a lawsuit accusing Bank of New York Mellon Corp of overcharging clients for trading currencies, a case brought under a ...Scientists Urge UN Action On Chemicals In Consumer Products, Pesticides
On Tuesday, a group of influential scientists called for swift action by the UN system to prevent harm from a wide variety of synthetic chemicals in consumer products and pesticides that play a role ...
Apple Did Not Violate Google Patent With iPhones: Trade Panel
Apple Inc. scored a win on Monday when the U.S. International Trade Commission ruled that it did not violate a Google patent to make the popular iPhones. Apple had initially been accused of ...NY Comptroller Urges Brownfields Cleanup Overhaul
New York's comptroller has called for an overhaul of state programs for restoring thousands of abandoned and contaminated industrial and commercial sites after the state spent nearly $1 billion to ...
Dewey Ex-Chairman Agrees To Proposed Settlement To Resolve Claims
The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and insurer to resolve claims that bad management led to ...Trustee Sues Ex-MF Global CEO Corzine; Insurance Cover Uncertain
Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd, who accused the former chief executive of negligently pursuing a high-risk business strategy that culminated in the ...
BP’s Legal Gamble May Trim Spill Bill By Billions: Analysis
BP Plc's attempt to get a U.S. federal court to pin at least a sizeable amount of the blame for the Deepwater Horizon disaster on other companies may have saved it billions of dollars. After failing ...S&P Asks Federal Judge To Dismiss U.S. Fraud Lawsuit
Standard & Poor's asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating agency, arguing the government's case is based on vague statements that cannot ...