Litigation/Liability Trends
Lawsuit, Reg Charges Force $700M-Plus Deutsche Bank Restatement
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros ($773 million) on Wednesday, hit by new charges related to mortgage-related lawsuits and other regulatory ...
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...Microsoft Backs Review Of Foreign Bribery Allegations
Microsoft Corp. said on Tuesday that allegations of potential bribery by employees inChina, Romania and Italy should be reviewed by U.S. agencies and its own compliance unit, but declined to address ...Transocean CEO Says Rig Owner ‘Should Have Done More’ At Spill Trial
The chief executive of Transocean Ltd., owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, testified on Tuesday that his workers made mistakes that day, but were not responsible ...
U.S. Telecoms Prevail On Govt. Enforcement Of Cyber Measures
Large telecommunications companies and Internet providers succeeded in convincing an advisory panel that the U.S. government should not pursue enforcement of security measures meant to bolster their ...Federal Appeals Court Denies Chubb’s Superfund Subrogation Claim
The U.S. Court of Appeals, Ninth Circuit, affirmed last week that Chubb Custom Insurance Co., part of the Chubb Group of Insurance Cos., cannot recoup $2.4 million from its subrogation suit under the ...
Drug Companies Retreat From Investment In Antibiotics; Risks Outweigh Rewards
Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drug makers scented an opportunity and raced to develop new medicines. Today, as the world ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...