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Federal Judge Allows Suit Against Bank Executives To Proceed
CHARLESTON, S.C. - A federal judge in South Carolina on March 14 denied dismissal of a failed bank's Chapter 7 trustee's suit alleging that the bank's directors and officers negligently allowed the...
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Senate Report: JPMorgan Concealed Losses To 'London Whale' Derivatives
WASHINGTON, D.C. - A U.S. Senate subcommittee on March 14 released an investigative report showing that financial giant JPMorgan Chase & Co. concealed material information regarding billions of...
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3rd Circuit Partially Reinstates Basketball Referee's Gender Discrimination Suit
PHILADELPHIA - A female basketball referee may proceed with her gender bias claims against several organizations for failing to assign her to boys' games after presenting evidence sufficient for the...
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9th Circuit Panel Denies Rehearing In ATM Fee Antitrust Suit
SAN FRANCISCO - A Ninth Circuit U.S. Court of Appeals panel on March 13 denied a petition for rehearing en banc filed by automated teller machine (ATM) cardholders in an antitrust class action lawsuit...
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Federal Magistrate Judge Rules In Favor Of Loan Officer In Discovery Dispute
DETROIT - A federal magistrate judge in Michigan on March 14 denied the Federal Deposit Insurance Corp.'s motion for a protective order prohibiting the discovery of 12 loan files in a suit the FDIC, as...
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Federal Judge: Debtor's Case Against Employer Barred By Judicial Estoppel
WILMINGTON, Del. - A federal judge in Delaware on March 14 ruled that a debtor's lawsuit against his former employer was barred by judicial estoppel because he failed to indicate the lawsuit on his...
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Florida Federal Judge Denies Preliminary Injunction In Trademark Dispute
TAMPA, Fla. - Efforts by two trademark infringement plaintiffs to enjoin a competitor from using the "Smart Move" trademark fail, a Florida federal judge ruled March 14 (AWGI LLC, et al. v. Team Smart...
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New York Justice Finds Boiler/Furnace Questions Leave Material Facts Remaining
NEW YORK - A company's admission that it manufactured asbestos-containing furnaces and its failure to ask a man to differentiate between furnaces and boilers leave material issues of fact, a New York...
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Accountant's Website Deemed Not Sufficiently Interactive To Confer N.J....
CAMDEN, N.J. - Although a website operated by a Pennsylvania-based certified public accountant (CPA) has "certain interactive features," a New Jersey federal judge on March 12 determined that these...
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Texas Federal Judge Says Ceiling Lift Outside Scope Of Medicaid Benefits
DALLAS - A federal judge in Texas on March 13, denied a motion for summary judgment filed by four disabled Medicaid beneficiaries and granted a motion for summary judgment by the Texas Health and Human...
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Hawker Beechcraft Trustee Says Some Of $19.31M In Fees Are 'Unreasonable'
NEW YORK - The U.S. trustee in the Chapter 11 bankruptcy of Hawker Beechcraft Inc. on March 14 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to various...
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FDA Reviewing Study Suggesting Pancreatitis, Pre-Cancer Risk From Incretin...
ROCKVILLE, Md. - The Food and Drug Administration on March 14 said it is evaluating an unpublished medical study that suggests an increased risk of pancreatitis and pre-cancerous cell changes in type 2...
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Pipeline Company Ordered To Do Additional Cleanup In Kalamazoo River
CHICAGO - Saying that recoverable oil remains at the bottom of Michigan's Kalamazoo River, the Environmental Protection Agency's Chicago office on March 14 ordered Enbridge Inc. to do additional...
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Judge Refuses To Dismiss Insurer's Claim Seeking Asbestos Damages
ADELAIDE, Australia - An Australian judge on March 14 denied an application made by former asbestos product makers to dismiss a case filed by an insurer that seeks judgment in an amount equal to an...
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Reinsurer Says It Is Not Obligated To Pay Share Of $170M Asbestos Settlement
NEW YORK - A reinsurer sued its reinsured in a New York state court on March 1, saying it has no obligation to cover an asbestos-related settlement of more than $170 million (Transatlantic Reinsurance...
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Reinsurer Says Reinsured Violated Condition Precedent Of Reinsurance Agreements
NEW YORK - A reinsurer told a New York federal court on March 8 that its reinsured failed to provide it with prompt notice of underlying asbestos exposure claims, and the reinsurer asked the court for...
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Reinsurer Says It Does Not Have To Arbitrate With Nonparty To Agreement
NEW HAVEN, Conn. - A reinsurer told a Connecticut federal court on March 5 that an insurer's motion to compel arbitration and dismiss a suit should be denied because there is no arbitration agreement...
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Insurer Says Reinsurer Owes It More Than $200,000 Under Reinsurance Agreements
NEW HAVEN, Conn. - An insurer sued its reinsurer in a Connecticut federal court on March 1, alleging that the reinsurer owes it more than $200,000 in unpaid billings (Travelers Indemnity Company v....
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Reinsurer Says Insurer Has Failed To Supply All Information About A Claim
NEW HAVEN, Conn. - A reinsurer told a Connecticut federal court on March 4 that its reinsured has failed to provide all of the information required for claims under a reinsurance agreement (Travelers...
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Insurer Argues For Consolidation Of Reinsurance Disputes
WEST PALM BEACH, Fla. - An insurer told a Florida federal court on March 8 that the consolidation of two reinsurance disputes would not be confusing and would conserve judicial resources (Certain...
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