Government
Proof of Economic Loss Not Needed for Biz Seeking BP Recovery, Barbier Rules
BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the ...
Iowa Judge Dismisses ‘Popcorn Lung’ Lawsuit from Daily Snacker
A federal judge in Iowa has dismissed a Michigan couple's lawsuit that claimed butter flavorings in microwave popcorn left the husband with lung disease. U.S. District Judge Mark Bennett ruled ...
Isn’t It Ridiculous? Top 10 Abuses of the Legal System in 2013
Earlier this week, the U.S. Chamber of Commerce Institute for Legal Reform announced its list of the Top 10 Most Ridiculous Lawsuits of 2013: Inmates' suit blames a life of crime on beer companies ...
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...
Federal Financial Crisis Warning Office Struggles to Be Relevant
In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis. The idea was ...
Ally Financial Allowed to Keep Insurance, Auto Auction Units
Ally Financial Inc., the auto lender majority owned by the U.S. government, won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a ...
Biggest Hurdles Yet to Come in Strengthening Global Financial System
"What a week," tweeted European Union financial services chief Michel Barnier last Thursday after securing an agreement on how to wind up failed banks without making the region's taxpayers foot the ...
Ex-AIG Executives Greenberg, Smith Pursue New York Ethics Complaint
Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges that cost them their jobs at the insurance giant in 2005. ...