A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding company executives return millions of dollars in bonuses, dividends and other perks. The lawsuit, which seeks class-action status, also seeks unspecified damages as well as the …
A banker has sued Citizens Republic Bancorp in Michigan, saying he was fired for questioning a $7.5 million bonus for the company’s chief executive on the eve of a federal bailout payment. John D. Schwab filed a lawsuit in Genesee …
Ernst & Young LLP has agreed to pay $109 million to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives. According to papers filed in Birmingham federal court this …
A U.S. corporate directors’ group this week recommended a slate of new governance principles for company boards, including better communication with investors on executive pay and improved oversight of business risks. The recommendations by the National Association of Corporate Directors …
An Ohio man is suing Continental Airlines Inc. for raising the number of miles needed to earn a free trip and then charging him $75 to book the flight. David Simon’s lawyer asked a federal court to approve class-action status …
A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court. The ruling is believed to be the first by any state Supreme Court upholding a …
