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U.S. Court Fight May Not Solve Chinese Accounting Mess

U.S. regulators appear to be on strong footing in a legal battle over a Chinese auditor’s work papers, though their ability to act may have limits and a victory in court may not resolve a widening international accounting mess. At …

State Farm Seeks 10% Homeowners Rate Hike in Texas

State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates. But company officials say discounts will be boosted to hold the actual premium hike to 1.4 percent statewide. The Dallas Morning News reports State …

Judge Weighs Family’s Wrongful Death Claim Against U of Mississippi Football

A Hinds County judge says he will rule soon on a motion by the University of Mississippi to move a wrongful death lawsuit filed by the family of a former Ole Miss football player to Lafayette County. Arguments were heard …

3,500 West Virginians Enroll in DuPont Medical Monitoring Plan

DuPont says 3,500 people are enrolled in a medical monitoring program for West Virginia residents who believe exposure from a former zinc-smelting plant increases their risk of illness. Plaintiffs near the Spelter plant won a class-action lawsuit in 2007. The …

Conn. Supreme Court to Take Up Ex-NFL Player’s Fraud Claim Against Lawyers

The Connecticut Supreme Court will take up a fraud lawsuit by ex-NFL player and investment firm founder Bob Simms against his ex-wife’s lawyers, brushing aside a lower court decision barring the claim. Simms, a linebacker who played for the New …

Georgia Court Allows Family’s Suit Against Son’s Psychiatrist

The top court in the U.S. state of Georgia has allowed the family of a man who stabbed his mother to death in a psychotic rage to file a medical malpractice lawsuit against his psychiatrist, settling a long-running debate over …

U.S. Safety Board Pushes for Trucker Cellphone Ban

The U.S. government should ban truckers from using cellphones while driving except in emergencies, transportation safety investigators said on Tuesday. The National Transportation Safety Board (NTSB) recommendation came after it mostly blamed a fiery Kentucky crash last year that killed …

U.S. Report on BP Oil Spill Imminent

A U.S. government team investigating last year’s massive Gulf of Mexico oil spill will blame BP and its contractors for mistakes that led to the disaster in a report expected out as early as Wednesday, according to the Wall Street …

Federal Judge Rejects Health Insurance Mandate in Latest Case

A federal judge in Pennsylvania said the insurance-buying mandate in President Barack Obama’s health care overhaul is unconstitutional, the latest ruling over an issue likely to be taken up by the U.S. Supreme Court. U.S. District Judge Christopher Conner in …

Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P

Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement of their merger agreement. S&P’s long-term counterparty credit rating …

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