U.S.
Court Dismisses Bond Insurer Fraud Claims Against Goldman Over Abacus CDO; Appeal Planned
Goldman Sachs Group Inc. won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus. In a 3-2 decision, a New York state appeals ...Shores Succeeds Nelson as President of Berkley’s Monitor Liability
Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers, according to parent company W.R. Berkley Corp. in Greenwich, ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...
Senate Duo Wants Quick SEC Action On Credit Raters
A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of ...
Bottom-Line Cost May Be Too Steep For ‘Talking’ Cars’ Acceptance: U.S. Transport Chief
Cars that "talk" to each other to avoid crashes or traffic jams, like those being tested here, will save lives but the cost of the systems will determine consumers' acceptance of such technology, the ...U.S. Cyber Attack Threat Is Constant, Getting Worse: Top General
The top U.S. general in charge of cyber security warned on Tuesday that the United States is increasingly vulnerable to attacks like those that destroyed data on tens of thousands of computers in ...
Bloomberg’s Top Editor Calls Client Data Policy ‘Inexcusable’
Matthew Winkler, editor-in-chief of Bloomberg News, apologized on Monday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was ...
Law Firm Kirkland Builds Leading M&A Practice On Big Hires, Deals
The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software ...