Ambac Wins Court Approval to Overhaul Insurance Unit February 2, 2011 By Tom Hals Ambac Financial Group won a court ruling allowing it to overhaul its insurance unit, a decision that its bankrupt parent...
BP Could Gain Claimants’ Rights to Sue Other Oil Spill Firms November 18, 2010 By Tom Hals Claimants to BP Plc’s $20 billion oil spill fund may soon be required to transfer to the company their right...
Bond Insurer Ambac Files for Bankruptcy November 14, 2010 By Tom Hals Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for...
Lawsuits Against Banks Over Mortgage Practices Piling Up November 11, 2010 By Jonathan Spicer and Tom Hals Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and...
Bond Insurer Ambac Files for Bankruptcy November 9, 2010 By Tom Hals Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for...
BP Tells Court It Waives $75 Million Limit on Oil Spill Liability October 19, 2010 By Tom Hals BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil...
Fight Over Gulf Oil Disaster Liability Heats Up October 4, 2010 By Tom Hals Scores of attorneys jammed a federal courtroom in New Orleans on Sept. 16 to argue for almost immediate access to...
Judge Urges BP Oil Disaster Litigants to Settle, Avoid Trial September 17, 2010 By Tom Hals The U.S. judge overseeing the hundreds lawsuits filed by shrimpers, restaurateurs and others against BP Plc and its partners as...
BP, Partners Say Most Oil Victims Should Not Be Allowed to Sue Yet September 17, 2010 By Tom Hals BP Plc and its partners in the blown-out Gulf well said on Monday that thousands of fishermen, seafood processors, restaurants,...
New Orleans Judge Handling BP Oil Cases a ‘Straight Shooter’ September 17, 2010 By Tom Hals The judge overseeing hundreds of lawsuits spurred by BP Plc’s Gulf of Mexico oil spill brought his much-noted calm, easy...