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.
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.
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.
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.
Oklahoma, along with South Carolina and Michigan, joined a lawsuit challenging the constitutionality of the 2010 Dodd-Frank Act that overhauled financial regulation and created the Consumer Financial Protection Bureau.
Dominique Strauss-Kahn, the former International Monetary Fund chief criminally charged with sexually assaulting a hotel housekeeper, was sued by the woman for what her lawyer called “violent and deplorable acts.”
Bank of America Corp. reached a $315 million settlement with a group of investors who sued its Merrill Lynch unit claiming they were misled about mortgage- backed securities, according to a court filing.
Honeywell International Inc. accused the U.S. Justice Department of withholding “critical” evidence in a false claims lawsuit alleging the company used defective materials in body armor the government bought.