Litigation

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

American International Group Inc. (AIG) and Duke University have settled a case filed by the university, which was seeking to recoup costs related to confidential settlements with the coach of the Duke lacrosse team and three players falsely accused of rape.

Allstate Corp. has filed another lawsuit related to mortgage-backed securities in an attempt to get back what the insurer thinks it is owed.

More than 100 homeowners in Louisiana affected by Chinese drywall manufactured by Knauf Plasterboard Tianjin will soon see some relief as part of a court-approved remediation program.

A federal judge in New Orleans has denied requests by more than a half dozen insurers to have Chinese drywall litigation against them rejected.

Shareholder plaintiffs bringing derivative actions typically sue the directors and officers “in the name and for the benefit of” the company in which they hold shares, alleging harm done to the company through breaches of various duties.