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California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing...
The legal action comes months after a new state law took effect that allows the attorney general to seek profits earned by companies while they violated laws against unfair competition and false advertising. Attorney General Rob Bonta added the so-called disgorgement remedy to a lawsuit filed last year against Exxon Mobil, Chevron, Shell, BP, ConocoPhillips and oil and gas industry trade group the American Petroleum Institute (API).
By Brendan Pierson (Reuters) - A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of mill...
Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody's Ratings. In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit. Deemed riskier and less transparent than the public market, private credit deals involving non-bank lenders and middle-market companies have gradually gained market share in the U.S. and around the world over the last several years, as banks have avoide...
The Federal Communications Commission on Friday asked the U.S. 6th Circuit Court of Appeals in Cincinnati, Ohio to transfer a series of industry legal challenges to its decision to reinstate...