Developer Larry Silverstein has lost his attempt to win as much as $3.5 billion from airlines to pay for extra losses he endured as a result of the 9/11 terror attacks on the World Trade Center complex.
The Australian investment bank Macquarie Group must face claims that it paid a consultant to dupe Syncora Guarantee Inc. into insuring the $500 million refinancing of an infrastructure project, a judge in Manhattan ruled Wednesday, handing a win to Quinn Emanuel's Jonathan Pickhardt.
An AIG subsidiary and its lawyers at Quinn Emanuel claim that Travelers is using a shell company to make arguments that it couldn't make on its own in order to escape liability for a $21 million settlement for a Boston tunnel collapse.
A judge has ordered United Technologies Corporation to pay $473 million plus hefty interest for giving misleading price quotes to the U.S. Air Force, bringing a likely close to a False Claims Act case that's bounced around the courts since 1999.
SCO's claims that it deserves damages from IBM and royalties from Linux users infuriated open-source proponents, and the case against IBM seemed to be going nowhere before a judge agreed to dust it off late last week.
Following a bench trial that pitted a Brune & Richard team led by Hillary Richard against MBIA's lawyers at Bingham McCutchen, a federal judge in Manhattan ruled that Lynn Tilton's private equity firm didn't violate a deal to help MBIA salvage a series of soured investments.
More than a year after SAIC Inc. agreed to pay $500 million in a criminal plea deal over its disastrous CityTime payroll contract with New York City, SAIC's board has ducked a big piece of fallout from the CityTime scandal.
The court knocked $25 million off of a $30.5 million jury award from 2011, finding that DHL did not act in bad faith when it informed Unishippers Global Logistics of its plan to stop domestic service.
Plaintiffs lawyers at Scott + Scott finally hit a snag this week in a series of lawsuits against the trustees for hundreds of millions of dollars in mortgage-backed securities.