Bill Cosby, citing financial pressures, asked a federal judge to dismiss or put on hold a lawsuit in which American International Group Inc. seeks to avoid paying for his defense against defamation claims by women who also accused him of …
The article Bill Cosby Asks Court to Nix Lawsuit by AIG Over Defamation Claims appeared first on Insurance Journal.
A U.S. appeals court on Wednesday rejected efforts by American International Group Inc. and Bank of New York Mellon Corp. to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service did not allow. By …
The article AIG Loses Appeal Over Foreign Tax Credits appeared first on Insurance Journal.
A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the …
The article Court OKs One BP Shareholder Class Action But Denies Another appeared first on Insurance Journal.
Exxon Mobil Corp’s $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. …
The article Judge Approves Exxon’s $225M New Jersey Pollution Settlement appeared first on Insurance Journal.
A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard consumers’ information. The 3-0 decision by the 3rd …
The article Court Says FTC Has Power to Regulate Corporate Cybersecurity appeared first on Insurance Journal.
Uber Technologies Inc on Thursday won the dismissal of a racketeering lawsuit by 15 Connecticut taxi and limousine companies seeking to stop the ride-sharing company from doing business in the state. U.S. District Judge Alvin Thompson in Hartford, Connecticut, said …
The article Taxi Companies’ Lawsuit Against Uber in Connecticut Dismissed appeared first on Insurance Journal.
A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …
The article N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys appeared first on Insurance Journal.
A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. …
The article Lehman Exec Defeats Employee Lawsuit Over Retirement Losses appeared first on Insurance Journal.
Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The preliminary all-cash settlement with Corzine, who …
The article Corzine, Ex-MF Global Officials Agree to Settle Investor Lawsuit for $64.5M appeared first on Insurance Journal.
Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc. stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire’s plan to give away nearly all of his wealth. The 10th …
The article Buffett Donates Record $2.84 Billion to Gates Foundation, Family Charities appeared first on Insurance Journal.