One of Wall Street’s biggest beneficiaries of a U.S. taxpayer bailout at the height of the country’s 2008 economic downturn says it will not take part in a lawsuit against the government that claimed terms of the rescue were too tough. The board of giant insurer American International Group decided Wednesday against joining a $25 […]
Wall Street Bailout Beneficiary Rejects Suit Against Its Rescuer: US Taxpayers
Posted January 9th, 2013 at 3:40 pm (UTC-5)
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Wall Street Bailout Beneficiary Weighing Suit Against Its Rescuer: US Taxpayers
Posted January 9th, 2013 at 2:20 pm (UTC-5)
One of Wall Street’s biggest beneficiaries of a U.S. taxpayer bailout at the height of the country’s 2008 economic downturn is now weighing whether to sue the government on grounds that terms of the rescue were too onerous. Lawmakers in Washington have reacted angrily at the prospect that the giant insurer American International Group might […]
DuPont Wins $919 Million Lawsuit Against S. Korean Firm
Posted September 14th, 2011 at 8:30 pm (UTC-5)
A U.S. court has awarded the American chemical company DuPont $919.9 million in damages after a jury found that a South Korean company stole trade secrets. DuPont accused Kolon Industries of striving to obtain confidential details on the manufacturing of Kevlar — a DuPont fiber used in bulletproof vests. DuPont calls the verdict an enormous […]
