Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg asked a judge to reject the company’s decision not to join his lawsuit against the U.S. over its bailout of the insurer, saying the board was coerced by government threats.
Dozens of U.S. citizens who used offshore accounts to avoid taxes have helped the federal government in a criminal investigation of two Israeli banks, Bank Leumi Le-Israel Ltd. and Mizrahi Tefahot Bank Ltd., two people familiar with the matter said.
The European Union failed to seal a deal on Basel bank rules after disagreeing on bonuses, capital requirements for big lenders and powers available to the European Banking Authority at talks in Brussels yesterday.
The U.S. will join a lawsuit against Lance Armstrong that accuses the former champion cyclist of defrauding the government by using banned drugs while riding for the U.S. Postal Service, according to his lawyer.
U.S. tobacco companies including Altria Group Inc.’s Philip Morris USA said they will appeal a judge’s ruling ordering them to publish warnings with their products, in advertisements and on their websites saying they lied to the public about the health hazards of smoking.
A federal judge denied the U.S. government’s request to delay an order that allows deepwater oil drilling to resume while the U.S. notified an appeals court it would challenge the decision lifting the six-month moratorium.