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JPMorgan Chase pays $1.42 bn to settle most of Lehman Bros suit

JPMorgan Chase has agreed to pay USD 1.42 billion to settle most of the litigation relating to the bankruptcy of Lehman Brothers, according to court documents.

Lok Adalats eased courts' pressure, decided 8.2 cr cases:Judge

The already over-burdened judiciary has been aided by the alternate dispute redressal mechanism of Lok Adalats which have decided 8.25 crore pre- litigation and pending cases in over 15.14 sittings in the last two decades, senior Supreme Court judge T S Thakur said on Monday.

Lot of money, time wasted by PSU banks in filing litigation: Finance Ministry

The initiative has been taken by ministry as a part of National litigation Policy.

US seeks to seize assets of woman in Philippines scam

The US Justice Department moved Tuesday to seize $12.5 million in assets of Janet Napoles, a businesswoman at the center of a broad Philippines corruption scandal dubbed the "pork barrel scam".

AIG collapse would have been catastrophic: Geithner

Former US Treasury Secretary Timothy Geithner testified Tuesday that if insurer AIG had been allowed to fail in 2008, the impact would have been an economic catastrophe.

RBS sets aside £3.0 bn for claims, conduct matters

Britain`s state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion (USD 5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.

Litigation has gone beyond reach of poor man: SC

Fighting legal battle in courts has become so expensive that it has gone beyond the reach of a poor man, the Supreme Court has said while expressing concern over the legal profession getting commercialised.

Lack of funds hampering marginalised from getting legal remedy: Jaya

Tamil Nadu Chief Minister J Jayalalithaa on Tuesday said increasing cost of litigation and marginalized sections` ability to avail their constitutional right to legal remedies was seriously hampered by their lack of resources.

Google may face litigation over alleged `manipulation of search results`

Google could face ‘a tsunami of litigation’ if it does not make efforts to bring changes in its biased search results, the head of a British search engine company has said.

Get a certificate that litigation is necessary, Bombay HC tells Govt

In a significant order, Bombay High
Court has asked India Security Press and two other government-run organisations to get a certificate that their appeals against CAT order are really necessary.

Litigation is not a lottery ticket: Supreme Court

Holding that litigation was not
like buying a lottery ticket for manipulators and speculators,
the SC has imposed a fine of Rs two lakh each on two persons for fradulently grabbing two pieces of govt
land in UP`s Ghaziabad.

Make litigation affordable: PM

"Justice delayed is justice denied", noted Prime Minister Manmohan Singh Saturday, urging the government, the judiciary and lawyers to work together to make litigation affordable and reduce the mounting court cases.

California users sue Facebook over privacy laws

Five Facebook users filed a civil lawsuit on Monday alleging that the social networking site is violating California`s privacy
laws and misleading members about how their personal information is used.