Ernst & Young LLP has agreed to pay $109 million to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives. According to papers filed in Birmingham federal court this …
A banker has sued Citizens Republic Bancorp in Michigan, saying he was fired for questioning a $7.5 million bonus for the company’s chief executive on the eve of a federal bailout payment. John D. Schwab filed a lawsuit in Genesee …
Standard & Poor’s Ratings Services stated that its ratings on the core operating companies of Italy’s Generali Group (AA/Negative/–) are unaffected by the termination of the agreement relative to the joint venture Intesa Vita, which will not be renewed. “Alleanza …
The European Union has joined the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) 16 member governments – Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean Development Bank – in donating to the facility’s reserve pool. The …
The Minnesota Department of Commerce has summarily suspended the real estate closing license, resident insurance producer license and notary public commission of Kuntee Singramdoo and charged her with embezzling over $230,000 in real estate closing proceeds and using the money …
Bladimir Rivera of Los Angeles has been convicted on one felony count of impersonation of another person’s official capacity. He was sentenced to three years summary probation, ordered to perform 350 hours of community service, and pay $3,785 in fines, …
A Republican lawmaker in Tennessee has dropped claims of legislative immunity for comments he made on his personal blog that sparked a $750,000 libel lawsuit. State Rep. Stacey Campfield of Knoxville was sued by Roger Byrge for falsely posting weeks …
The name has a bureaucratic ring to it — the Interagency Levee Task Force. But advocates say the group is helping victims of last year’s Midwestern floods recover quicker, and setting the tone for future flood events. The task force …
A bid to require adults in pickup trucks to buckle their seat belts was narrowly defeated by a Georgia House panel, defying supporters of stronger safety standards that have been adopted by much of the nation. The House Consumer Affairs …
North Dakota smokers may have to get used to puffing more frequently to help prevent accidental fires. The state Senate voted 41-0 this week to approve legislation that says North Dakota tobacco merchants may sell only “reduced ignition” cigarettes after …