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Tuesday, March 05, 2013

Facebook CEO, Directors & Officers Face Another Lawsuit Over Last Year's IPO

Facebook lawsuitFacebook has been hit with a new shareholder lawsuit over the social networking company's botched IPO and is seeking to hold CEO Mark Zuckerberg, directors and officers responsible for the damage, reports ...

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CA Congresswoman Waters: Regulator Needs Plan on 'Forced' Insurance

Forced insuranceA key lawmaker on Capitol Hill is not happy with a federal housing regulator's lack of action on a plan to rein in the cost of backup homeowners' insurance policies.

Rep. Maxine Waters of Cal...

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Hartford Amends Q3 2012 Financial Results, Reports Loss for the Year

HartfordThe Hartford today reported that it has filed an amended Form 10-Q with the U.S. Securities and Exchange Commission (SEC) to restate its results for the third quarter ended September 30, 2012. The amended fi...

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Liberty Mutual Reports Loss in Q4 2012 Due to Sandy

Liberty MutualLiberty Mutual Holding Company Inc. and its subsidiaries on Monday reported net (loss) income of ($234) million and $829 million for the three and twelve months ended December 31, 2012, respectively, versus $285 million and $358 million in the same periods in 2011.

"Net income of $829 million for t...

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Insurers Split Over Florida Bill Altering Assessment Options for Guaranty Association

ClaimsInsurers appear split over a Florida state House bill that gives the Florida Insurance Guaranty Association new options to collect assessments.

The bill, sponsored by Republican Rep. Jake Raburn, cleared the House insurance and banking subcommittee unanimously and awaits action by the government ...

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More Legal Trouble Piles Up Against Lance Armstrong

Lance Armstrong legal issuesA flood of legal trouble is starting to rise against Lance Armstrong, who was hit with two more lawsuits this week stemming from his televised confession that he used banned drugs to bo...

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