A federal judge expressed “concern” that the U.S. scared off American International Group Inc. from joining a lawsuit by Maurice “Hank” Greenberg, its former chairman, challenging the insurer’s 2008 federal bailout.
New York Attorney General Eric Schneiderman told a court he won’t pursue damages against ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg in a lawsuit dating back to 2005.
David Boies, the attorney suing the U.S. over American International Group Inc.’s bailout, said the firm’s takeover was an abuse of authority similar to firefighters seizing possessions they rescued from a flood.
Argentina may learn at any time whether a U.S. appeals court will rule that it must pay $1.4 billion to holders of its defaulted debt, something the South American country has resisted for more than a decade.
Covington & Burling LLP opened a Shanghai office, the law firm’s third office in Asia, led by corporate and securities partner Eva Wang and technology transactions and intellectual-property partner Weishi Li.
The U.S. Supreme Court raised the prospect that it will decline to say whether the Constitution gives gays the right to marry, in an argument that revealed a chasm among the justices on one of the country’s most divisive issues.
The trustee for Lehman Brothers Holdings Inc. ’s brokerage charged $12,600 to review documents outlining terms of its purchase by Barclays Plc , and now says he didn’t know what he was signing, according to a Barclays lawyer.
Terra Firma Capital Partners Ltd. and Citigroup Inc. made closing arguments in their $2.2 billion fraud trial over the auction of EMI Group Ltd. , a case the judge called “a catfight between two rich companies.”
Argentina’s claim that a U.S. court can’t tie its obligation to make defaulted bondholders whole to payments on restructured debt faced skepticism from judges as a lawyer for the country said it won’t obey orders to pay as much as $1.3 billion of defaulted sovereign debt.