A proposed class settlement that came out of Zurich Financial Services’ alleged bid-rigging scandal is being challenged by a national trade association, which feels small and medium insurance agents will suffer unfair adverse effects.
The U.S. Securities and Exchange Commission has brought a fraud suit against a real estate development company and its founder alleging they orchestrated a $30 million Ponzi scheme.
A poll released Thursday found that turnaround professionals are working differently given the unprecedented liquidity in the marketplace, the change in the bankruptcy law and the drop in companies seeking Chapter 11 protection.
Flexible printed circuit maker Multi-Fineline Electronix Inc. is suing a group of hedge funds and management companies, claiming the defendants ran afoul of federal securities laws by failing to disclose their stake in a company that Multi-Fineline may acquire.
The company behind the widely used FICO credit score rating, Fair Isaac Corp., has stuck three national credit reporting agencies with an antitrust lawsuit over the launch and marketing of a similar credit scoring model.
LeClair Ryan has snagged a bankruptcy law veteran, a former Goldman Sachs & Co. Inc. associate general counsel and a federal prosecutor to head up the Virginia-based firm’s new Manhattan office, the firm announced Thursday.
Incensed by network software maker IPass Inc.’s failure to release information relating to an unprofitable merger, Shamrock Activist Value Fund, an investment company owned by Roy Disney, sued the company in a Delaware court on Tuesday.
The Federal Trade Commission stepped up its probe into the real estate industry on Thursday, charging two real estate groups in the Detroit area with illegally restraining competition and signing consent orders with five other groups around the country.
Amid criticism of corporate governance and falling stock prices, the chief executive officer and president of Sovereign Bancorp Inc. stepped down from his position on Wednesday.
A Minnesota judge ruled on Tuesday that the state’s attorney general is allowed to investigate UnitedHealth Group for its stock options practices, despite numerous other similar pending investigations into the health insurer.
With the amount of litigation all over the world on the rise this year, the insurance industry in particular suffered from a wave of lawsuits, according to a new study by the law firm Fulbright & Jaworski LLP.
Burying the hatchet in a long-running antitrust spat, Bankrate Inc. said Wednesday it would shell out $3 million to settle a lawsuit brought against it by American Interbanc LLC.
A former trader at hedge fund Millennium Partners LP was stuck with a steep penalty Wednesday after the U.S. Securities and Exchange Commission determined he had breached a settlement from three years ago.
The former head honcho of a residential mortgage business who raised more than $30 million from more than 200 investors to pay off personal gambling debts and finance his lavish lifestyle was felled Tuesday, pleading guilty to securities fraud charges brought by federal regulators.
An investment bank linked to former presidential hopeful General Wesley Clark has fired off a trademark infringement and cybersquatting suit against an employee who was fired for "unprofessional conduct," claiming the analyst embarked on a mission to destroy the firm’s business and reputation.
Dutch insurance provider ING Groep NV has agreed to pay $30 million to settle allegations that the company paid the New York United Teachers Union to tout its annuity plans to members.
Confirming industry fears, the U.S. Department of Justice has launched an inquiry into the possible anti-competitive practices of private-equity firms.
Health care insurance company Aetna Inc. has appealed a trademark infringement lawsuit won by a $16.6 billion mutual fund, after a district court ruled the name of a new Aetna unit violates the fund’s mark.
An ad hoc committee of shareholders for Allied Holdings Inc. has once again filed a motion for official representation in the case, arguing the bankrupt auto hauler’s situation has improved since a big-name investor jumped into the Chapter 11 case.
A group of bondholders has asked a bankruptcy court to revisit a ruling that adjourned the group’s motion to require Adelphia Communications Corp. to pay its secured bank debt sooner rather than later.