Government
S&P Mortgage Ratings Trial Sought by U.S. in February 2015
The U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial Inc.'s Standard & Poor's unit over ratings on residential mortgage-backed securities. ...
Supreme Court Upholds Immunity for Army Corps; Rejects Katrina Victims’ Claims
The U.S. Supreme Court rejected an appeal from Hurricane Katrina victims seeking billions of dollars on claims that the Army Corps of Engineers added to the storm's impact by improperly maintaining a ...
Supreme Court Rejects Pfizer Bid for Shield From Asbestos Suits
The U.S. Supreme Court refused to shield Pfizer Inc. from some asbestos lawsuits connected to its Quigley Co. subsidiary, a bankrupt unit that stopped most operations in 1992. The justices rejected ...Google Receives U.K. Ultimatum To Remove Street View Data
Google Inc., operator of the world's largest Internet search engine, was given 35 days by the U.K.'s data protection watchdog to remove wireless-network data collected by its cars for its Street View ...
Fracking Pollution In Wyoming Cast In Doubt As EPA Drops Probe
The only finding by U.S. regulators of water contamination from fracking was thrown into doubt Friday when the federal government halted its investigation and handed the probe over to the State of ...
Congressmen Warn Credit Raters Against Repeating History on CDOs
The top executives of Standard & Poor's, Moody's Investors Service and Fitch Ratings were warned by three members of Congress against granting inflated grades to the same type of securities that ...
Ebix’s Raina Loses Magic Touch As U.S. Probes Accounting
Robin Raina always had the magic touch, or so it seemed until Wednesday, when the disclosure of a U.S. criminal probe of his software company's accounting practices blew up a proposed $820 million ...
Analysis: Big Business The Winner In U.S. Supreme Court Class Action Cases
In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. ...