LAWSUIT

Bank of America Kept AIG Legal Threat Under Wraps

A sign for a Bank of America office is pictured in Burbank, California
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

BofA Sued Over $1.75 Billion Mortgage Trust

A customer stands at an ATM machine at a Bank of America office in Burbank, California
Bank of America Corp. was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the largest bank to buy back all of the loans in the trust because of alleged misrepresentations.
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Judge Dismisses ‘Bad Mom’ Lawsuit in Illinois

A judge dismissed a case against Illinois mom Kimberly Garrity, who was slammed with a $50,000 lawsuit from her two children who claimed they suffered from emotional distress as the result of her bad mothering.
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Some Gulf oil spill claims against BP dismissed

A federal judge overseeing hundreds of lawsuits related to last year's massive oil spill in the Gulf of Mexico on Friday dismissed some plaintiff claims and allowed others to remain in the litigation.
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Los Angeles NFL stadium backers look to legislature

California's weak job market could spur lawmakers to help bring the National Football League back to Los Angeles, which has not had a franchise for more than a decade despite its standing as the second largest U.S. media market.
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China says ConocoPhillips to pay for Bohai oil spill

An oil spill by a subsidiary of ConocoPhillips has polluted 5,500 square kilometres of water in China's northern Bohai Bay, China's marine authorities and state media said on Friday, adding the company will have to pay for the spill.
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TCW kept Gundlach in dark before termination

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.
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TCW monitored Gundlach's emails before firing

Trust Company of the West CEO Marc Stern asked his legal team to monitor the emails of ex-employee and star bond fund manager Jeffrey Gundlach after growing suspicious of his intentions to start a new firm, the CEO testified on Wednesday.
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Privacy Lawsuit Targets comScore

Online data tracking service comScore Inc siphons confidential information including passwords, credit card numbers and Social Security numbers from unsuspecting users, according to a lawsuit filed on Tuesday.
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Exclusive: Privacy lawsuit targets comScore

Online data tracking service comScore Inc siphons confidential information including passwords, credit card numbers and Social Security numbers from unsuspecting users, according to a lawsuit filed on Tuesday.
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Doctor Sued By Penis Amputee After Surgery, Trial Ends

A lawyer representing the Kentucky man who testified against Dr. John Patterson in the Shelby County Circuit Court, the doctor who amputated Seaton's penis without asking his permission, told jurors on Monday his client doesn't feel like a man.
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Bank of America Shares Fall Amid Legal,Capital Woes

Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.
Combo of former International Monetary Fund Chief Dominique Strauss-Kahn (L) and Nafissatou Diallo(R)

Prosecutors Tell NY Judge to Drop Strauss-Kahn Case

New York prosecutors asked a judge to dismiss sexual assault charges against former IMF chief Dominique Strauss-Kahn on Monday, a stunning reversal that could revive the political future of a man many had seen as the next president of France.

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