Legal Briefing: Fraud Suit Against AIG Gets the Go-Ahead

AIG’s successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfoli…

Oracle Sues Micron, Other Chip-Makers for Price-Fixing

Oracle has slapped Micron Technology, Samsung, Hynix, Infineon and other chip-makers with a price-fixing lawsuit, a follow-up to the $173 million antitrust settlement that those companies and others reached with state attorneys…

Regulators Probe ‘Inherently Deceptive’ Insurance Marketing

In three states, regulators have started or widened investigations into insurers after a judge described MetLIfe Inc’s (MET) marketing of asset accounts as “inherently deceptive.”

On Sept. 10, U.S. District Judge Larry Hicks in Reno, Nevada said that …

Walgreen Earnings Rise, Top Estimates

Drugstore chain Walgreen Co. (WAG) posted earnings of 49 cents per diluted share for the quarter, compared with 44 cents per share a year ago.

Sales for the quarter rose 7.4% to $16.9 billion in the quarter ended Aug. 31, the company said in a statem…