News
U.S. Justices Clamp Down On Class Actions In AMEX Case
The U.S. Supreme Court delivered its latest blow to class action lawsuits on Thursday when it enforced an arbitration agreement that prevents merchants from banding together to make antitrust claims ...Madoff Trustee Cannot Sue Big Banks, U.S. Court Rules
The trustee seeking money for Bernard Madoff's victims suffered a big defeat as a federal appeals court rejected his bid to recover nearly $30 billion from JPMorgan Chase & Co. and other banks he ...
Roberts To Take CFO Spot At Ironshore
Ironshore Inc. announced the appointment of Joe Roberts as chief financial officer on Thursday. Roberts, who most recently was executive vice president and CFO of Alterra Capital Holdings Limited, ...Taranto To Remain Everest Re Chair After Retirement
Everest Re Group, Ltd. announced Thursday today that Joseph Taranto, at the request of the Company's board of directors, has agreed to continue as chairman of the board, following his retirement from ...
ACE Publishes Decade’s Worth Of Large Losses By Industry, Limits Data
ACE Bermuda released its "2013 Liability Limit Benchmarks and Large Loss Profile Report" this week, an annual compilation of some of the largest third-party liability losses occurring over the last ...
Increased Litigation Driving Up Lawyer Hiring: Robert Half Survey
A surge in litigation-related work is driving up hiring at U.S. law firms, according to a recent report. According to survey of 200 lawyers at some of the largest law firms and corporations in the ...
SEC Settlement Policy May Pressure Other Agencies To Toughen Up
The decision by the U.S. Securities and Exchange Commission to seek admissions of wrongdoing in select enforcement cases is expected to put pressure on other federal financial regulators to get ...
Mini Flash Crashes Caused By Sloppiness, Not A Broken Market: SEC
Unexplained rapid price drops in single stocks have generally been triggered by human error, not nefarious trading activity or high-speed trading algorithms gone wild, an official at the U.S. ...