Government
NY City Sues BP Over Deepwater Horizon Spill
New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city's pension funds sustained due to BP's "misconduct and fraudulent behavior" linked ...
Moody’s, S&P Settle Lawsuits Over Debt Vehicle Ratings
Moody's Investors Service and Standard & Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt ...
Judge Won’t Block SEC Use Of Recording Against Goldman’s Tourre
Three years after Fabrice Tourre became the face of a major U.S. regulatory action against Goldman Sachs Group Inc., a newly uncovered phone recording is giving the Securities and Exchange Commission ...SEC Says Man Used JOBS Act To Lure Investors Into Fraud Scheme
The Securities and Exchange Commission on Thursday filed charges against a man accused of luring investors into a fraudulent investment scheme by promising big returns under a provision of the 2012 ...Family Of Slain Chicago Cop Sues Gun Shop
The parents of an off-duty Chicago police officer who was shot to death three years ago shortly after returning from Iraq announced a federal lawsuit Wednesday against a Mississippi gun shop, saying ...
Govt. Lawsuit Accuses Novartis Of Health Care Fraud
The U.S. government sued Novartis Pharmaceuticals Corp. Tuesday, claiming it gave kickbacks to pharmacies to switch kidney transplant patients from competitors' drugs to its own. The civil health ...
Are Class Actions Looming After Twitter Hoax?
A securities lawyer appearing on CNBC on Thursday, two days after the financial markets were shaken by a Twitter hoax, suggested that liability lawsuits—and even class actions—are now in the ...
U.S. Justice Department Says Armstrong Was ‘Unjustly Enriched’
The federal government is going after Lance Armstrong's money. As much as it can get. The Justice Department unveiled its formal complaint against Armstrong on April 23, saying the cyclist violated ...