court News

S&P: EU Ruling on Gender Discrimination Likely to Have a ‘Neutral’ Effect

Standard & Poor’s Ratings Services has issued a bulletin analyzing last week’s European Court Of Justice ruling that prohibits gender-based discrimination in the calculation of insurance premiums and benefits. S&P said it is “likely to have a neutral effect on …

U.S. Judge Halts Ecuador Damages Enforcement Against Chevron

A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution. The move comes three weeks after an Ecuadorean court’s …

EU Court Rules Insurers Cannot Link Risks to Gender

Insurance companies cannot take gender into account when setting premiums and paying out benefits from annuities and retirement savings or accident cover, the European Union’s top court ruled on Tuesday. The ruling by the European Court of Justice could increase …

Judge Finds Claims Fund Chief Feinberg Not Independent of BP

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 …