clawbacks News

Sandy Hook Families Preparing to Sue Alex Jones’ Wife, Family to Clawback Payments

The families of Sandy Hook school shooting victims are preparing to sue Alex Jones’ wife and other family members to help satisfy $1.5 billion in judgments they won from lawsuits against the bankrupt right wing conspiracy theorist over his lies …

McDonald’s Settles With Ex-CEO Easterbrook Over Claim He Lied About Sexual Affairs

McDonald’s Corp. said on Thursday it had reached a settlement with former chief Steve Easterbrook, resolving a lawsuit in which the burger chain had claimed that he covered up and lied about his sexual relationships with employees. As part of …

SEC Eyes Clawbacks of Executives’ Pay in Cases of Misconduct

The new Democratic leadership of the U.S. securities watchdog has a message for Corporate America’s highly paid executives: if your company screws up, your pay is at risk. Clawing back compensation is shaping up to be a key part of …

Court Revives Bernie Madoff Customers’ $343M Clawback Suit Against Citigroup

A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup Inc., a decision that could help the late swindler’s customers recover close to the estimated $17.5 billion they lost in …

Puerto Rico Bondholders Suffer Setback as Lawsuit Dismissed

A U.S. federal judge on Tuesday dismissed a lawsuit by some of Puerto Rico’s bondholders, who had argued that the U.S. territory broke the law by defaulting on constitutionally-guaranteed debt despite having the money to make payments. Judge Laura Taylor …

Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined

A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance Co., or FGIC, sued …

Dewey & LeBoeuf Seeks $104 Million From Ex-Partners

Dewey & LeBoeuf offered on Wednesday to drop potential claims against former partners if they collectively shell out up to $103.6 million to the estate of the largest U.S. law firm ever to declare bankruptcy. Joff Mitchell, the chief restructuring …