The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became overwhelming — and that very much depends on when the …
BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster. The stock has now …
State officials are warning motorists that police are cracking down on aggressive driving in Delaware. The Delaware Office of Highway Safety says 11 state, county and municipal police agencies will conduct patrols this summer aimed at stopping aggressive drivers. State …
$640 Million Amount sought in a lawsuit filed by diamond-seller Lazare Kaplan from its insurers after the “disappearance” of a large number of diamonds. The suit alleges the insurers – Lloyd’s syndicates – violated two all-risk policies issued in New …
Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …
Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …
Securities class action lawsuits are the most important factor driving claims severity for directors and officers (D&O) insurers. Securities lawsuit filings levels ebb and flow over time, and for most of 2010, securities suit filings levels have been relatively low. …
The West Virginia Supreme Court has refused to reconsider its decision involving DuPont and punitive damages arising out of a pollution case. Wilmington, Del.-based DuPont asked the court to reconsider a ruling it issued in March involving pollution at a …
When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s management has more to worry about than AIG’s. Prudential …
Delaware authorities say 26,000 birds were lost after an electrical malfunction caused a fire that destroyed a poultry house west of Bridgeville. The State Fire Marshal’s Office says the fire started shortly before 3:30 a.m. Wednesday. Officials say the chicks …
