Litigation

A federal judge in Louisiana has awarded $164,049.64 to a family whose home was affected by Chinese drywall.

Directors and officers liability insurance experts do not foresee any major widespread uplift in D&O insurance prices emerging from Goldman Sachs' current woes or the increased lawsuit activity that has been provoked.

In a move that experts saw signaling a new wave of securities litigation, a shareholder class action has been filed against Goldman Sachs Group and three of its executives.

There's no clear answer as to whether fraud litigation brought against Goldman Sachs by the U.S. Securities and Exchange Commission will fuel a new wave of credit crisis lawsuits.

Directors and officers insurance experts found little to celebrate in a report declaring an end to securities lawsuits arising from the credit crisis, and Goldman Sach's recent troubles had them throwing more cold water on positive findings.

The firm owning the drilling rig that sank in the Gulf of Mexico could be liable for millions of dollars depending on its leasing agreement with BP, a lawyer familiar with oil and gas litigation said.