Everest Re Group, Ltd. is cooperating with the state regulators from Delaware and Georgia in their investigations into the Company’s insurance subsidiaries.
No further details were disclosed regarding these investigations in the Company’s latest quarterly report filed with the U.S.…
Lincoln National Corp. is facing the lawsuit captioned Transamerica Investment Management, LLC and Transamerica Investments Services, Inc. v. Delaware Management Holdings, Inc. (d/b/a Delaware Investments), Delaware Investment Advisers and certain individuals.
The suit filed in the San Francisco County Superior…
Ambac Financial Group, Inc. is facing lawsuits filed by the City of Los Angeles, Calif., and the City of Stockton, Calif.
The complaints make allegations similar to shareholder derivative actions filed in New York and Delaware, including:
— The Company and the…
The Chancery Court of the State of Delaware, on May 28, 2008, dismissed the actions in the consolidated lawsuit styled In re IAC/InterActiveCorp C.A. No. 3486-VCL., without prejudice.
Liberty Media Corporation controls IAC.
In January 2008, IAC, Barry Diller, Chairman of the…
The second amended derivative complaint in the consolidated case captioned In Re Affiliated Computer Services Federal Derivative Litigation filed against Affiliated Computer Services Inc. remains pending in the U.S. District Court for the Northern District of Texas.
Several derivative lawsuits have…
Countrywide Financial Corporation intends to ask the Delaware Court of Chancery to dismiss the shareholder derivative action filed ostensibly on behalf of Countrywide Capital V (CCV) on various grounds.
The derivative action was filed on behalf of CCV, a Delaware…
The consolidated shareholder derivative action filed by the International Brotherhood of Electrical Workers against certain officers and directors of Countrywide Financial Corporation remains pending.
The Company has been named as a nominal defendant in the consolidated shareholder derivative action in…
Valeant Pharmaceuticals International’s case against Michael O.
Leavitt and Andrew C. Von Eschenbach, in their official capacities
at the Food and Drug Administration, remains pending before the
U.S. District Court for the District of Delaware.
On Dec. 17, 2007, Spear…