BP Plc filed a lawsuit for more than $42 billion against Halliburton, which cemented the blown-out well which caused the Gulf of Mexico oil spill, after claiming a similar sum from rig owner Transocean. Analysts said BP had little chance …
Critics are warning that Bank of America Corp.’s $1.6 billion settlement over dodgy home loans could serve as a starting point in a fight that ends up costing the bank tens of billions more. The settlement with Assured Guaranty Ltd …
Nearly one year after a historic flood ravaged Nashville and submerged the popular Opry Mill shopping mall, the mall said it will reopen in 2012. This will happen despite the fact the property owner, Simon Property, is still in court …
Calling a police officer a “fat slob” is not an offense that can usually get someone charged, a federal appeals court ruled recently, allowing a lawsuit over the arrest to go forward. Kenneth Kennedy’s sued the Kentucky city of Villa …
A group of condominium owners in northern Kentucky is hoping a judge’s ruling will give them an opportunity to collect several million dollars from a defunct construction company they say did shoddy work on their homes. Campbell Circuit Judge Julie …
A Mississippi company that pleaded guilty to conspiracy related to the largest U.S. workplace raid on illegal immigrants is now facing a lawsuit accusing it of discriminating against non-immigrants who applied for jobs. A discrimination lawsuit filed in U.S. District …
A federal appeals court on Monday gave new life to a shareholder lawsuit accusing MBIA Inc of securities fraud over a reinsurance transaction that caused the bond insurer to restate six years of results. The 2nd U.S. Circuit Court of …
Allstate Corp. on Monday sued Credit Suisse Group AG, accusing the Swiss bank of causing losses by hiding the risks on $232 million of mortgage securities it bought. Allstate, the largest publicly traded U.S. home and auto insurer, has filed …
Dallas-based Crump’s Property & Casualty Insurance Services Division (Crump P&C), which is part of insurance wholesaler Crump Group Inc., announced that it has reached a standstill agreement with a former employee and his new employer, R-T Specialty LLC (RTS) pending …
New York state regulators face their first test soon in their accounting fraud lawsuit against Ernst & Young LLP over its role as auditor for Lehman Brothers Holdings Inc. The first major government legal action stemming from Lehman’s 2008 bankruptcy …
