Warren Buffett and the rest of Berkshire Hathaway Inc.’s board of directors were sued by a shareholder Tuesday over presumed heir apparent David Sokol’s trading in the stock of a company that was later bought by Berkshire. Sokol, who has …
Critics are warning that Bank of America Corp.’s $1.6 billion settlement over dodgy home loans could serve as a starting point in a fight that ends up costing the bank tens of billions more. The settlement with Assured Guaranty Ltd …
Pigs. Unicorns. Money? A scathing U.S. Senate panel report faulting Goldman Sachs Group Inc., Deutsche Bank AG and others for contributing to the financial crisis may provide ammunition for investor lawsuits accusing the banks of putting their own interests ahead …
Lawyers involved in corporate litigation understandably might want to avoid the newest judge on one of the top U.S. business courts. The judge, Vice Chancellor Travis Laster, has brought some unusual tactics to the bench at Delaware’s Chancery Court, whose …
Lawyers are pushing for a $4.5 million fee for their work for investors challenging a corporate merger. The recovery for shareholders? Probably zero. The requested fee in a lawsuit challenging Unilever NV’s $3.7 billion takeover of Alberto Culver Co. is …
The administrator of BP Plc’s $20 billion fund to compensate victims of the Gulf oil spill is not independent and the oil company must refrain from calling him “neutral,” a federal judge ruled on Wednesday. Judge Carl Barbier also ruled …
Ambac Financial Group won a court ruling allowing it to overhaul its insurance unit, a decision that its bankrupt parent greeted as a ‘gigantic step” forward. The plan, which a Wisconsin state judge approved, allows the Ambac Assurance Corp. unit …
Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right to sue other defendants, a move that could help BP’s efforts to collect billions of dollars from its business partners. …
Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company that once guaranteed payments on more …
Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and Ally Financial disclosing suits on Tuesday. JPMorgan Chase & Co. faces two possible class action lawsuits related to foreclosures, the …
