Government
States Hit by Sandy to Get Next $5B of Recovery Funding
Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and New York City, and they pledged that the pace of spending ...
SEC’s Aguilar Wants Stock Exchange Execs Liable for Failures
A proposal that would require stock exchanges to be better equipped to handle market disruptions does not go far enough to hold senior officials accountable for failures, Securities and Exchange ...
Lawsuit Against Silicon Valley Hiring Practices Gets Class-Action Status
A U.S. judge accorded class-action status to a lawsuit that alleges broad conspiracy among major Silicon Valley companies to suppress employee compensation by not poaching each other's employees, a ...
SEC’s Gallagher Slams Effort to Adopt Political Disclosure Rules
The U.S. Securities and Exchange Commission should not waste time drafting rules to force companies to disclose information like campaign contributions or government payments for energy projects, a ...
Jury Finds Toyota Liable in First Unintended Acceleration Crash Trial
Toyota Motor Corp. has been found liable in an unintended acceleration lawsuit in the U.S., one of the first such cases to go to trial since the Japanese carmaker began recalling millions of vehicles ...
State Auto’s Restrepo Elected PCI Chair
State Auto Insurance Companies President, Chairman and CEO Bob Restrepo has been elected chair of the board of governors of the 1,000-member Property Casualty Insurers Association of America (PCI). ...
Delaware Business Court’s Private Arbitration Ruled Unconstitutional by U.S. Court
Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business ...
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...