John Hueston

John Hueston News

  • Anadarko’s Kerr-McGee Held Liable in Tronox Spinoff

    Anadarko Petroleum Corp. and its Kerr-McGee unit acted improperly in the 2005 spinoff of Tronox Inc. and may have to pay as much as $14 billion related to environmental cleanup and health claims, a judge ruled.

  • Goldman Sachs Banker in Probe for More Than Two Years

    Goldman Sachs Group Inc. banker Matthew Korenberg has been the subject of a U.S. insider-trading investigation for 2 1/2 years related to Galleon Group LLC, his lawyer said.

  • Billionaire Koch Makes Fake Wine Claim Into Federal Case

    When most people get a bad bottle of wine, they send it back. When billionaire collector William Koch concluded the vintage wines he bought at auction were counterfeit, he made a federal case out of it.

  • Billionaire Koch Wins $12 Million Verdict in Wine Trial

    Billionaire collector William Koch, after waging a $17 million legal battle over 24 bottles of counterfeit Bordeaux, was awarded $12 million in punitive damages by jurors, some of whom shook his hand after court.

  • S&P Early Victory in U.S. Fraud Suit Seen as Unlikely

    McGraw-Hill Cos.’s Standard & Poor’s unit is set to take its first stab at fending off the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.

  • Anadarko Fights Ailing Preacher in $25 Billion EPA Toxic Lawsuit

    Reverend Steven Jamison recalls the February day 13 years ago when he was digging ditches to replace culverts at his Maranatha Faith Center in Columbus, Mississippi. As he switched from a shovel to an excavator, an oily black substance began to fill the trench. It smelled like turpentine, and the deeper he dug, the more he saw, Bloomberg Markets magazine reports in its June issue.

  • S&P to Fight for Evidence U.S. Suit Was Political Payback

    Standard & Poor’s is trying to show it was unfairly singled out in a $5 billion fraud lawsuit 18 months after it downgraded U.S. sovereign debt. Getting the government to provide supporting evidence will prove difficult.

  • Goldman Sachs Finds More Unwanted Publicity in Gupta Case

    Goldman Sachs Group Inc., just months after being assailed by an ex-employee for harboring a “toxic” culture, faces a harsh spotlight this month in Manhattan federal court over how well a senior official guarded its secrets.

  • Anadarko Doesn’t Reach Settlement of Tronox Case

    Anadarko Petroleum Corp. and its Kerr-McGee unit failed to settle a $25 billion lawsuit brought by the U.S. and Tronox Inc. and a trial will resume next week, a lawyer said. Anadarko fell as much as 5.2 percent.

  • Billionaire William Koch Wins Trial Over Fake French Wine

    Billionaire William Koch won a fraud lawsuit in which he claimed a consigner sold him 24 counterfeit bottles of wine from France’s Bordeaux region and may get punitive damages as the jury resumes deliberations.

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