Latest Lawsuits Headlines
All the headlines from our Lawsuits Topic Page, ordered by recency.
JPMorgan, BofA Sued Over Mortgage Debt Losses
Oct 3 2011 // JPMorgan Chase & Co. and Bank of America Corp. were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff...
Beebe, Ark., Residents Lose Suit Against Union Pacific
Oct 3 2011 // A group of Beebe, Ark., residents who sued Union Pacific over claims the railroad was responsible for flooding in their subdivision have lost their case. The Daily Citizen reports that a federal jury in Little Rock ruled...
California Homeowners’ Suit Against Builders Revived
Oct 3 2011 // A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into foreclosure. The...
D.C. Metro Sues Insurer Lexington for $13M Over Lost Revenue
Sep 30 2011 // Washington Metropolitan Area Transit Authority has recently filed a lawsuit against its insurer Lexington Insurance Co. of Boston charging that that the insurer failed to indemnify for the revenue losses in the train...
Plaintiffs Notch Legal Win in Illinois Cigarette Suit
Sep 30 2011 // The Illinois Supreme Court has cleared the way for plaintiffs’ attorneys to push that a $10.1 billion verdict against cigarette-maker Philip Morris be revived, sending the matter back to the trial court for more...
Failed Alabama Bank Executives Settle Investor Lawsuit for $10.5M
Sep 30 2011 // Officers and directors of failed Colonial BancGroup in Alabama, including Auburn University trustee Bobby Lowder and former Auburn football coach Pat Dye, have agreed to pay investors $10.5 million to settle a class-action...
Pennsylvania Injury Lawsuit Over Band’s Stage-Diving Upheld
Sep 30 2011 // A woman who broke her skull and collarbone when a member of the band Fishbone dived from a Philadelphia stage will soon have her day in court. A federal judge has upheld a negligence lawsuit filed by Kimberly Myers. The...
Former Idaho Insurance Investigators Sue Department of Insurance, Others
Sep 29 2011 // A lawsuit filed by former Idaho insurance investigators says they were forced out of the Idaho Department of Insurance for turning over information to the feds during an investigation into an eastern Idaho insurance...
Power Utility Sued After Massive Texas Wildfire
Sep 29 2011 // A utility knew about wildfire dangers amid Texas’ severe drought but failed to remove dead trees and branches near power lines that sparked the most destructive wildfire in state history, an attorney said after...
Feds Sue Texas Firm for Firing 600-Pound Employee
Sep 29 2011 // The federal government has filed suit against BAE Systems alleging the company has violated disability laws by firing a morbidly obese employee at its Houston-area plant. The Equal Employment Opportunity Commission’s...
State Fair Collapse Suit Challenges Indiana’s $5M Tort Cap
Sep 28 2011 // An Indiana law that caps the state’s liability for damages at $5 million for a single event violates the U.S. and state constitutions and should be thrown out, six plaintiffs suing over the deadly collapse of an...
Ad Campaign Seeks Limits on Civil Lawsuits in Louisiana
Sep 28 2011 // A coalition of business groups is using an advertising campaign to try to persuade Louisiana’s legislature to limit lawsuits including over asbestos injury claims. Two organizations representing a list of business...
Rating Agencies Win Dismissal of Ohio Funds Lawsuit
Sep 28 2011 // The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost hundreds of millions of dollars on risky mortgage debt because they relied on flawed ratings that made the...
LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products
Sep 28 2011 // LG Electronics filed a suit in South Korea, seeking a ban on the sale of BMW and Audi cars, expanding its legal battle over lighting-product patents with Siemens unit Osram to automakers. The sales injunction request filed...
Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud
Sep 27 2011 // Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, was accused Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the...
Families of Two Who Died at Michigan Farm Sue
Sep 27 2011 // The families of two young people who died after falling into a tank at a dairy farm in Michigan’s Barry County have filed wrongful death lawsuits against the farm. The lawsuits were filed last week in Barry County...
Citing Scope of 9/11, N.Y. Judge Tosses WTC Suit
Sep 26 2011 // In tossing out a negligence lawsuit, a judge last Friday cited the “strange, improbable” events that destroyed a 47-story World Trade Center building a decade ago on Sept. 11, several hours after the 110-story...
Marsh Advises Risk Managers As C-Suite Expectations Rise
Sep 22 2011 // Global insurance broker Marsh held a webcast on Sept. 21, where the firm’s analysts shared their views on the current business environment including the effects of Hurricane Irene and other catastrophes. The broker...
California Homeowners’ Suit Against Builders Revived
Sep 22 2011 // A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into...
<em>Source: Sheen, Warner Nearing Deal on Lawsuit</em>
Sep 21 2011 // Former “Two and a Half Men” star Charlie Sheen and the studio that fired him are drawing closer to a deal to end their legal dispute. According to a person familiar with the talks, Sheen and Warner Bros. were...
