BP Told It Can’t Use Transocean Insurance for Gulf Spill November 16, 2011 By Braden Reddall and Jonathan Stempel A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last...
Life Insurer Sues Bank of America Over Mortgages November 10, 2011 By Jonathan Stempel Bank of America Corp. and its Countrywide Financial unit were on Wednesday hit with a new lawsuit alleging fraud in...
Most of $19.9 Billion Madoff vs JPMorgan Case Tossed November 2, 2011 By Grant McCool and Jonathan Stempel A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion...
U.S. Sues Allied Home Mortgage for Lending Fraud November 1, 2011 By Jonathan Stempel The U.S. Department of Justice sued Allied Home Mortgage Capital Corp and two top executives over fraudulent lending practices that...
AIG Fraud Suit Against Bank of America Won’t Be Moved to State Court October 21, 2011 By Jonathan Stempel A federal judge rejected American International Group Inc.’s request to move its $10 billion mortgage fraud lawsuit against Bank of...
JPMorgan, BofA Sued Over Mortgage Debt Losses October 3, 2011 By Jonathan Stempel JPMorgan Chase & Co. and Bank of America Corp. were hit with new lawsuits by investors claiming losses on $4.5...
Rating Agencies Win Dismissal of Ohio Funds Lawsuit September 28, 2011 By Jonathan Stempel The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost hundreds of...
Judge Narrows $1B Madoff Case vs. N.Y. Mets Owners September 28, 2011 By Grant McCool and Jonathan Stempel A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee...
California Homeowners’ Suit Against Builders Revived September 22, 2011 By Jonathan Stempel A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for...
Google Urges Judge Reject Oracle’s $2.2B Patent Damages Claim September 21, 2011 By Jonathan Stempel Google Inc. urged a federal judge to reject an Oracle Corp expert’s recommendation that it pay more than $2.2 billion...