The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi schemes …
Most of the time, the windowless building with the dome-shaped roof will be a typical high school gymnasium filled with cheering fans watching basketball and volleyball games. But come hurricane season, the structure that resembles a miniature version of the …
Historic rainfall levels that drenched the Houston area last week flooded dozens of homes and caused widespread street flooding, but the rain also is likely to result in the end of drought conditions in Southeast Texas, officials said on July …
In the end, the flashy business suits, charming smile, yachts, luxurious private jets and a passion for the sport of cricket couldn’t mask what Texas tycoon R. Allen Stanford actually was: a con man. Jurors who convicted the financier on …
A lawsuit in which Texas accused Johnson & Johnson of plundering the state Medicaid program by overstating the safety of an expensive anti-psychotic drug and improperly influencing officials and doctors to push the medication has been settled for $158 million, …
The insurance company paying jailed Texas financier R. Allen Stanford’s legal bills said this week it is tired of supporting his revolving door of attorneys and already has spent more than $6 million on lawyers from 10 firms to defend …
A federal jury on Dec. 18 awarded more than $100 million to 10 workers who claimed they were injured in 2007 when a toxic substance was released at BP PLC’s Texas City plant. The jurors in Galveston, southeast of Houston, …
A member of the crew on the U.S.-flagged ship hijacked by African pirates sued the owner and another company, accusing them of knowingly putting sailors in danger. Richard E. Hicks alleges in the suit that owner Maersk Line Limited and …
The Texas insurance industry lost nearly $1.4 billion in 2008. According to figures released by the Texas Department of Insurance, for every dollar the state’s insurance industry took in it paid out $1.65. “It was a tough year for the …
Galveston officials pleaded with state lawmakers Jan. 7 for help in rescuing their island city from the dire financial straits it finds itself in nearly four months after the devastation of Hurricane Ike. “We’re getting to the point of being …
