A sharply divided federal appeals court on Monday exposed Wal-Mart Stores Inc. to billions of dollars in legal damages when it ruled a massive class action lawsuit alleging gender discrimination over pay for female workers can go to trial.
In its 6-5 ruling, the 9th Circuit U.S. Court of Appeals said the world's largest private employer will have to face charges that it pays women less than men for the same jobs and that female employees receive fewer promotions and have to wait longer for those promotions than male counterparts.
OMAHA, Neb.-Berkshire Hathaway Inc. said federal investigators have made several requests for information from Berkshire subsidiary General Reinsurance Corp. related to an investigation of Glen Allen, Va.- based Reciprocal of America, a malpractice insurer that was seized by Virginia regulators in 2003 and subsequently put into liquidation.
NASHVILLE, TENN. – Bershire Hathaway Inc.'s General Re Corp. conspired to fool regulators into allowing a failing insurance firm to stay in business, according to a $1 billion (U.S.) fraud lawsuit by the Tennessee insurance commissioner.
Stamford- based General Reinsurance Corp., a reinsurance company owned by billionaire Warren Buffet's Berkshire Hathaway Inc., is under legal fire for its alleged role in the collapse of five companies.
A lawyer leading the civil prosecution of those alleged to have caused the collapse of five US liability insurers has described the case as the insurance industry's Enron, write Richard Banks.
Tennessee Insurance Commissioner Paula Flowers, Acting as liquidator for three failed malpractice insurance firms, has filed suit in U.S. District Court seeking to recover damages on behalf of the companies' more than 50,000 former policyholders.
Tennessee Insurance Commissioner Paula Flowers has filed a lawsuit in U.S. District Court against Richmond, Va. – based Reciprocal of America and its network of companies and two reinsurance companies on behalf of three failed malpractice insurance firms.
Tennessee this week joined a class action law suit against a failed malpractice insurance company, Reciprocal of America, and its ownership group which ultimately ties back to billionaire Warren Buffett.
Kansas City-area doctors left holding the bag because a medical malpractice insurer went out of business may not be entirely out of luck.
NASHVILLE, Tenn. (AP) -- Discount retailer Dollar General will contest a court ruling allowing employees to opt into a lawsuit challenging the company's decision to exclude store managers from overtime pay.
