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Feds paid billions in settlements last year
Lawyers for Uncle Sam shelled out more than $3 billion in taxpayer funds last year to resolve lawsuits against the federal government — more than twice as much as in 2010, and the most in at least five years, an analysis of government records shows.Join Fordham Law Professor Sean Griffith, co-author of the forthcoming book Ensuring Corporate Misconduct, and Sean Fitzpatrick, Former Senior Vice President at The Hartford, for a frank discussion about how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws -- and how insurance companies could step in and play a constructive role in strengthening corporate governance.
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Federal judge keeps BP litigation moving
Less than two years after the Deepwater Horizon rig exploded, killing 11 workers and pouring millions of gallons of oil into the Gulf of Mexico, more than 500 lawsuits have been filed against BP Plc and other defendants. Consolidated into one of the largest multidistrict litigation proceedings on record, the claims are moving toward trial at astonishing speed, considering their complexity.Air Force Wins Battle to Recoup Education Costs
A federal judge upheld the military's right to recoup educational costs from a former Air Force Reserve captain, saying there is "substantial evidence" that the man purposely announced that he is gay to escape his service obligations. Although John Hensala Jr. said he was discharged against his will, Air Force officials contend he effectively resigned when he volunteered his sexual orientation.Trending Stories
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