Government’s Case Against S&P: Ratings Stopped Making Sense February 6, 2013 By Jonathan Stempel Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive...
S&P Expects Government Lawsuit Over Its Pre-Crisis Credit Ratings February 4, 2013 By Aruna Viswanatha and Jonathan Stempel Standard & Poor’s said it expects to be the target of a U.S. Department of Justice civil lawsuit over its...
SEC Immune from Investors’ Suit Over Madoff, Says Appeals Court January 29, 2013 By Jonathan Stempel Investors who said they lost money in Bernard Madoff’s fraud may not pursue a lawsuit against the U.S. Securities and...
Court Considers Travelers Case Limiting Class Actions January 28, 2013 By Jonathan Stempel The U.S. Supreme this month weighed whether to impose new limits on class-action lawsuits, as it reviewed whether a homeowner’s...
Securities Fraud Class Actions Declined in 2012 January 23, 2013 By Jonathan Stempel Fewer investors are taking corporate America to court for fraud. The number of new federal securities fraud lawsuits seeking class-action...
Supreme Court to Hear Stanford Ponzi Lawsuits, Workplace Bias Case January 21, 2013 By Jonathan Stempel The U.S. Supreme Court last Friday agreed to hear four new cases, addressing matters as diverse as the reach of...
AIG Sues to Preserve Right to Sue Bank of America, Others Over Mortgage Debt January 14, 2013 By Jonathan Stempel American International Group Inc. has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York...
Supreme Court Weighs Government’s Statute of Limitation in Civil Penalty Cases January 9, 2013 By Jonathan Stempel and Sarah N. Lynch The U.S. Supreme Court on Tuesday appeared poised to curtail the power of the top federal securities regulator to seek...
Supreme Court Considers Travelers Insurance Case on Limiting Class Actions January 7, 2013 By Jonathan Stempel The U.S. Supreme Court on Monday weighed whether to impose new limits on class-action lawsuits, as it reviewed whether a...
Federal Court Grants Firm Reprieve from Contraceptive Coverage Mandate December 31, 2012 By Jonathan Stempel A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage...