Litigation/Liability Trends
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 ...
Governments Getting Into Patent-Buying Business: Reuters
Patent competition in the United States is usually a fierce arena for private companies, but now the South Korean and French governments are suiting up. Both countries have launched ...
High Court Hears Arguments In Generic Drug Maker Case
The Supreme Court seemed skeptical Tuesday of allowing generic drug manufacturers to be sued in state court for a drug's design defects if federal officials approved the brand-name version the ...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 ...