Articles by Jessica Toonkel and Jonathan Stempel

After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts

As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in similar cases in …

Bank of America, Merrill Settle Gender Bias Claims for $39M

Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made public …

S&P Says Federal $5B Fraud Lawsuit ‘Retaliation’ for U.S. Downgrade

Standard & Poor’s said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in “retaliation” for its 2011 decision to strip the country of its “AAA” credit rating. The McGraw Hill Financial Inc unit was the …

Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout

A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States over the insurer’s 2008 bailout. Judge Thomas …

U.S. Court Rejects Firm’s Challenge to Obamacare Contraception Mandate

A divided federal appeals court on Friday rejected a Pennsylvania cabinet maker’s religion-based challenge to the 2010 healthcare law’s requirement that larger companies provide workers with health insurance covering birth control. The decision created a split among federal appeals courts, …

Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence

Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of Justice said on Thursday. The government said Halliburton’s guilty plea is the third by a company over …

Court Dismisses Class Action Status in Google Digital Books Case for Now

A federal appeals court on Monday said a lawsuit against Google Inc.’s effort to create the world’s largest digital books library should not have been allowed to proceed as a class action. The 2nd U.S. Circuit Court of Appeals in …

Court Grants Scientific Article Authors, Publishers Broad Protection

Authors and publishers of controversial scientific articles, and the companies sponsoring those articles, won broad free speech protection from a U.S. appeals court on Wednesday. The 2nd U.S. Circuit Court of Appeals in New York said statements of scientific conclusions …

U.S. Charges 8 with Cybercrime Against Financial Institutions, Government

Federal prosecutors in New Jersey on Wednesday unveiled criminal charges against eight people accused of trying to steal at least $15 million from U.S. customers in an international cybercrime scheme targeting accounts at 15 financial institutions and government agencies. U.S. …

Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers

Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that it violated federal rules governing the distribution of prescription painkillers. The U.S. Drug Enforcement Administration on Tuesday said the settlement …