By Jeff Sistrunk Editing by Marjorie Backman. All Content © 2003-2016, Portfolio Media, Inc. Law360, Los Angeles (June 17, 2016, 12:18 PM ET) — The Texas Supreme Court on Friday axed a $72 million judgment against a drilling company’s insurers won by the family of a rig worker killed on the job, holding that the wrongful death claim isn’t covered…
By Stewart Bishop Additional reporting by Linda Chiem. Editing by Richard McVay. All Content © 2003-2016, Portfolio Media, Inc. Law360, New York (August 11, 2014, 5:34 PM ET) — The Federal Deposit Insurance Corp. and two former top executives of failed Advanta Bank Corp. are nearing a deal to resolve the independent agency’s $219 million lawsuit accusing the pair of…
By Carolina Bolado Additional reporting by Jeff Overley. Editing by Elizabeth Bowen. All Content © 2003-2016, Portfolio Media, Inc. Law360, New York (November 2, 2012, 10:19 PM ET) — The Federal Deposit Insurance Corp. on Wednesday sued Colonial Bank’s former auditors PricewaterhouseCoopers LLP and Crowe Horwath LLP for the $1 billion that the now-defunct bank lost in the Taylor Bean…
By Eric Hornbeck All Content © 2003-2016, Portfolio Media, Inc. Law360, New York (December 3, 2010, 2:47 PM ET) — The Mayo Clinic’s foundation has sued BP PLC subsidiaries for wrongly deducting production and other costs from oil and gas royalties on properties in the Texas panhandle and for failing to properly develop the properties. The Minnesota-based health care provider…