U.S.
Losses Loom For Investors Enmeshed In U.S. Mortgage Chaos
Since the financial crash, banks have been accused of wrongfully foreclosing on homeowners because they failed to create and maintain proper mortgage paperwork. Now, there are signs that chaotic ...
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 ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
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 ...
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. ...
Microsoft Offers Hefty Bounties To Thwart Hackers
Microsoft Corp. is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major ...
Energy Drinks, Office Sitting Breaks, Genetic Bias In Insurance On AMA Agenda
A group representing 225,000 U.S. doctors called for a ban on marketing energy drinks, such as those from Red Bull GmbH and Monster Beverage Corp., to youths. The American Medical Association, in a ...