Litigation/Liability Trends
E&Y To Pay $123M In U.S. Tax Shelter Probe Settlement
Ernst & Young agreed on Friday to pay $123 million to resolve a federal investigation into its role developing and marketing tax shelters that helped its clients avoid more than $2 billion in tax ...As Energy Boom Nears Cities, A Backlash Grows
Colorado regulators grappling with a historic energy boom that's pushing oil rigs to the very doorsteps of suburban schools and homes were among the first in the nation to require companies to ...Lawsuits Up, Regulatory Actions At Record Levels in 2012: Survey
International law firm Fulbright & Jaworski reports that companies in the United States and United Kingdom dealt with more litigation last year, while regulatory investigations reached a ...Fans Injured At Daytona NASCAR Race Explore Legal Options
The attorney for three NASCAR fans injured last weekend during a race the day before the Daytona 500 says they are exploring a possible lawsuit, but some experts say they could face tough obstacles ...Class-Actions Filed Over Watered-Down Beer
Beer lovers across the United States have accused Anheuser-Busch of watering down its Budweiser, Michelob and other brands, in class-action suits seeking millions in damages. The suits, filed in ...
Providence Sues Actuary Over Pension Calculations
The city of Providence sued its longtime actuary Tuesday, claiming it made "fundamental and inexcusable errors" in calculating the projected savings from a pension system overhaul that will cost the ...
U.S. High Court Puts 5-Year Occurrence Limit On SEC In Levying Fraud Penalties
On Wednesday, the U.S. Supreme Court limited the authority of the Securities and Exchange Commission to seek civil penalties over conduct that occurred more than five years before investigators took ...