Reuters reported that a federal judge approved a settlement that requires the insurer and former chairman of defunct law firm Dewey & LeBoeuf to pay $19.5 million to resolve claims that leaders mismanaged the firm. read more

MAY 31, 2013 - 6:25 am

The SEC charged the city of South Miami, FL with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use retail and parking structure being built in its downtown commercial district. read more

MAY 28, 2013 - 6:35 am

De Lage Landen said it has commenced litigation against Element Financial (USA) and a senior officer of Element alleging that the senior officer gained access to DLL’s computer system without DLL’s consent or knowledge. read more

MAY 23, 2013 - 6:35 am

Caterpillar and Mining Machinery announced that they have resolved all outstanding issues between them arising out of Caterpillar's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing. read more

MAY 17, 2013 - 6:25 am

Bloomberg reported that AMR Corp., the parent of American Airlines, received court approval to borrow as much as $3.25 billion towards its emergence from bankruptcy. read more

MAY 13, 2013 - 6:00 am

Bank of America announced a settlement with MBIA to resolve all claims between the parties. As part of the settlement, BofA will pay MBIA $1.6 billion in cash, which will have the A/T effect of reducing Q1/13 net income from $2.6 billion to $1.5 billion. read more

MAY 7, 2013 - 6:05 am

Bloomberg reported that HP shareholders have filed a lawsuit claiming that the company’s executives and advisers were involved in a massive breach of their fiduciary duties as regarding the acquisition of UK-based Autonomy. read more

MAY 6, 2013 - 7:34 am

International law firm Clifford Chance announced that Emily DiStefano has joined the firm as an asset finance partner in New York, further bolstering the firm’s aviation finance practices. read more

MAY 6, 2013 - 7:31 am

Zacks Equity Research reported that Wells Fargo has agreed to pay $105 million to settle a lawsuit filed against it by Medical Capital Holdings that alleged the bank failed to protect investors against fraud. read more

MAY 3, 2013 - 7:33 am

Law360 reported that the PA Supreme Court declined to review a ruling that revived a $500 million malpractice suit against K&L Gates for failing to uncover criminal fraud in the Le-Nature’s case. read more

APR 29, 2013 - 6:25 am

Reuters reported that a Missouri pension fund has sued JPMorgan Chase executives and board members over $6.2 billion in trading losses that were revealed last year. read more

APR 16, 2013 - 7:20 am

Law firm Ruskin Moscou Faltischek said Jeffrey Wurst, shareholder and chair of its Financial Services Banking and Bankruptcy Group, was elected as a fellow of the American College of Commercial Finance Lawyers. read more

APR 11, 2013 - 7:05 am

Bloomberg reported that Moody’s issued "virtually identical" grades on the same CDOs that prompted the DOJ to sue Standard & Poor’s. read more

APR 5, 2013 - 7:30 am

The Wall Street Journal reported Standard & Poor's wants to pull 17 lawsuits against the ratings service by state attorneys general into a single lawsuit in federal court. read more

MAR 29, 2013 - 7:00 am

Reuters reported that the immediate impact to the stock valuations of credit ratings agencies from the U.S. government's $5 billion civil fraud suit against Standard & Poor's appears to be wearing off. read more

MAR 27, 2013 - 3:05 pm