Litigation

Credit rating agency A.M. Best Co. alleges competitor SNL Financial has been illegally reproducing and republishing A.M. Best's copyrighted material.

The Supreme Court has ruled that shareholders of a public company may bring class-action suits for securities fraud without first proving they lost money through the company’s actions.

Justices for the Court of Appeals for the State of New York peppered attorneys with questions for close to 45 minutes during a hearing on whether a group of banks can go ahead with a lawsuit against bond insurer MBIA.

A lawsuit filed in Florida by professional wrestler Hulk Hogan was thrown out of the ring by a judge this month.

Credit scoring using completely race-neutral factors is permitted under Texas law even if it has an unintended impact on minorities, the state’s Supreme Court ruled late last week.

An investigative report co-published by ProPublica and the Los Angeles Times says CNA Financial Corp. is facing a criminal investigation based on the way it handled claims related to a federally funded program for contractors killed or injured while working overseas.