Word: lawsuits
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...Last week, AIG said if it wins the lawsuit, it will use the money to pay back some of the more than $170 billion in government assistance the company has received to keep it afloat amid the financial crisis...
...Greenberg and Starr say that AIG should not be believed when it says it is pursuing the lawsuit on behalf of shareholders or taxpayers. In a recent e-mail to a blogger, a Starr spokesperson wrote, "By its own admission, AIG is prosecuting these claims for only one purpose: To add hundreds of millions of dollars to a bonus pool available to AIG's top 700 executives...
...White refused to dismiss Jose Padilla's lawsuit against former Justice Department attorney John Yoo on Friday. Yoo wrote memos on interrogation, detention and presidential powers for the department's Office of Legal Counsel from...
...investigation, carried out by a French magistrate responding to a lawsuit filed by the anticorruption watchdog Transparency International, has established that the Bongo family owns at least 33 luxury properties in France worth a total of $190 million, including a Paris villa bought in 2007 for $26 million and a Paris mansion bought the same year for a further $25 million. That last pile was officially bought by Bongo's two children, Omar Denis and Yacine Queenie, who were 13 and 16 at the time. The family, through Bongo, consistently denied corruption, although not that they owned the properties...
...million, the total amount its Optimal funds subsidiary had withdrawn in the 90 days leading up to the December 11, 2008, collapse of Madoff's decades-long crime. Santander, the most exposed of the European banks involved with Madoff, with $3 billion lost, is still facing a class-action lawsuit...