JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
On Monday, a group of institutional investors sued Countrywide and Bank of America over Countrywide’s mortgages practices. The bank is accused of issuing vast numbers of loans using methods that went beyond lax standards and in…
By a unanimous 8-0 decision, the Supreme Court ruled Monday that anti-discrimination laws forbid employers from firing the fiancee of an employee as retaliation for her complaining about sexual discrimination. Just as interesti…
Did GlaxoSmithKline’s blockbuster diabetes drug Avandia cause fatal heart attacks? The first federal trial of an Avandia lawsuit began this morning in Philidelphia. As many as 50,000 more lurk in the wings.
Con…
When the government releases documents under the Freedom of Information Act, it still has to protect human beings’ personal privacy. This week, AT&T asked the Supreme Court to apply the same privacy principle to corporations. A…