In the News Today – November 11, 2013
The Ecuadorian judge who presided over a $19 billion verdict against Chevron was given a pop-quiz on the judgment and had trouble recalling the details. The company alleges it is because a majority of the verdict was written by the plaintiffs’ lawyers who sued Chevron, but the judge claims it is due to the passage of time. American Lawyer
Prosecutors want Bank of America to pay $864 million to the federal government for loans that were purchased from the company’s Countrywide unit. A jury found Bank of America liable for the loans last month. Washington Post
A NY Congresswoman who has smoked for four decades is suing more than 40 companies, claiming that her lung cancer is the result of trace amounts of asbestos that she was exposed to as a child. Bloomberg Businessweek
