It’s been 10 months since the first big earthquake struck New Zealand’s second-largest city. It’s been nearly five months since a far more devastating one killed 181 people and crippled the downtown. And it’s been just a few hours since …
A former North Carolina football player has filed a lawsuit against the school and the NCAA, seeking reinstatement after being declared permanently ineligible for academic misconduct. Defensive end Michael McAdoo is also seeking unspecified damages from the school and the …
Two mothers who claimed their sons were sexually bullied have won a lawsuit against the Wayne County, Tennessee schools and have been awarded $100,000 each. The women said the boys were humiliated in a locker room at Waynesboro Middle School …
Tokyo Electric Power could face 2 trillion yen ($23.6 bln) in special losses in the current business year to March 2012 to compensate communities near its crippled nuclear plant, JP Morgan said in a research report obtained by Reuters. Shares …
A federal judge has affirmed a million-dollar judgment against Whirlpool Corp. in a sex and race harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency said. Judge John T. Nixon denied Whirlpool Corp.’s motion to alter …
Japan’s government expects last month’s earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far higher. Tokyo Electric Power Co (TEPCO), operator of the crippled Fukushima nuclear power plant, could leave …
California Gov. Jerry Brown has declared a state of emergency for two more coastal counties hit by last week’s tsunami. The governor issued emergency proclamations March 16 for Mendocino and San Luis Obispo counties. In Mendocino, the harbor at Fort …
Fitch Ratings has issued a bulletin, indicating that it “believes that while the 11 March earthquake in Japan will be among the largest insured losses in history, such losses can be absorbed by the insurance and reinsurance industries without widespread …
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 …
A court in Ecuador’s Amazon told Chevron Corp Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case. Chevron said it would appeal, meaning …
