WASHINGTON (Legal Newsline) - A federal judge in Washington has found accounting giant PwC liable to the Federal Deposit Insurance Corp. for failing to catch the multibillion-dollar fraud that took down Colonial Bank, even as she rejected similar claims by the bank and its holding company because they were complicit in the fraud.
SALT LAKE CITY (Legal Newsline) – The Utah Supreme Court has concluded that the state's Liability Reform Act does not create immunity for retailers and has reversed a district court's dismissal of a lawsuit.
NEW YORK (Legal Newsline) – Companies that fund lawsuits can find themselves in the crosshairs of state regulators, and a recent New York Post article revealed that one such business has given tens of thousands of dollars to one of the nation’s most important public officials – who happens to have sued a competing company.
CINCINNATI (Legal Newsline) - Lois Lerner, formerly of the Internal Revenue Service when it discriminated against applicants for tax exemptions based on their viewpoints, claims Americans have no right to read statements she made under oath about why she did it.
SANTA MONICA (Legal Newsline) – A panel of experts on Chapter 15 cross-border bankruptcy proceeding indicated the increasing use of the legal option allows a greater harmony and coordination between foreign and U.S. courts.
BUFFALO — In a recent settlement agreement with New York Attorney General Eric Schneiderman, owner Fred DeNormand and his company Classic Fence and Lumber will shut down his company and pay more than $50,000 in penalties, costs and restitution for allegedly defrauding consumers.