All Legal Cases articles
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Analysis
FSA smacks Willis with £7m fine
Penalty relates to bribery and corruption investigation in Egypt and Russia
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BP fined $87m for safety failures
Labour safety authorities issue BP with a record fine after it fails to eliminate hazards that caused the 2005 Texas City refinery explosion
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Pfizer fined $2.3bn for fraudulent marketing
The drug company marketed some of its drugs for off-label uses and paid kickbacks to incentivise medics to prescribe them
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Interviews
Countrywide execs charged with fraud
The head of the biggest mortgage lender in the US lied about how much risk his firm was taking on, claims the SEC
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Microsoft fined $200m for breaching patent
The verdict represents the fourth largest jury verdict in the US and the second-largest patent jury award
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Bank of China managers ran $485m laundering scam
Involved laundering money through Las Vegas casinos
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Securities litigation up slightly
Advisen tracked 169 global securities cases in the first quarter of 2009
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Siemens AG fined $1.6bn for foreign bribery
The company along with three subsidiaries pleads guilty to Foreign Corrupt Practices Act violations
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AIG awarded $85m from Bank of America
Damages stem from allegations of fraud in a 1998 securities sale
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Deloitte settles for $40m with Pennsylvania
Settlement to do with claims of negligence in connection with defunct insurer Reliance
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High Court removes insurers’ asbestos get-out
Reed Smith says the ‘landmark’ ruling clears up a grey area around historic liabilities
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Features
Conflicted directors on thin ice
Danielle Harris warns that new UK rules could force directors to stand down or risk possible claims
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AIG knew about CDS problems: WSJ
American International Group executives may have misled shareholders about problems in its Financial Products division, according to the Wall Street Journal
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Jury awards Mattel Bratz payout
Mattel wins a copyright infringement claim against MGA Entertainment, damages figure disputed
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Corrupt sales staff cost firm $30m
A US hardware company has agreed to pay restitution to clients who were given incentives to buy products at higher prices
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Connecticut sues Countrywide over subprime loans
The state seeks restitution as well as fines for pushing unaffordable home loans
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Subprime leads to growth in class actions
Stock market volatility led to higher securities class action filings in the first Half of 2008
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Lawyers file class action against IndyMac
CEO and CFO misled shareholders about financial condition of the bank, alleges suit
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Conflicts of interest widen under Companies Act: Lawyer
Rules have extended directors duties to include situations where conflicts of interest might arise in the future