Litigation/Liability Trends
U.S. Cyber Plan Calls For More Scanning Of Private Web Traffic
The U.S. government is expanding a cybersecurity program that scans Internet traffic headed into and out of defense contractors to include far more of the country's private, civilian-run ...Pittsburgh Project Brings Opponents Together On Fracking Standards
Some of the nation's biggest oil and gas companies have made peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major ...
Auditor Class Actions Go Global As U.S. Suits Dwindle
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not ...JPMorgan, MF Global Trustee Reach Agreement
JPMorgan Chase agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts. MF ...Judge Dismisses Claims Against BP Contractors In Spill Trial
A federal judge conducting a trial to assign fault for the worst U.S. offshore oil spill dismissed claims Wednesday against a BP contractor and a company that made a key safety device on the drilling ...Freddie Sues 15 Banks Over LIBOR Rigging; Fannie May Be Next
Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the ...Goldman Avoids Class Action Over Gender Bias Claim; Court Allows Arbitration
Goldman Sachs Group Inc. on Thursday won a U.S. court order allowing it to send a former employee's gender discrimination dispute to arbitration, rather than being forced to defend against her claims ...
Illinois Lawmakers Reject Firearm Liability Insurance Bill
The Illinois House has rejected a measure that would require $1 million in liability insurance for people carrying concealed weapons. Lawmakers voted 34-74 against Rep. Kenneth Dunkin's plan. It was ...