Law & Regulation

In fresh efforts to stem persisting turmoil in the credit markets, the US Treasury Department is considering partial nationalization of numerous U.S. banks. Insurance giant A.I.G. will also receive a further injection of $37.8 billion. Read More

Originally posted at Dirt Digger's Digest on September 23, 2008 -- A number of leading Democrats and Republicans expressed strong misgivings last Monday about the autocratic plan for bailing out Wall Street that Treasury Secretary Henry Paulson wants to ram through Congress. It remains to be seen whether this is mere posturing or serious opposition. Read More

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The federal government has filed a $7 million lawsuit against Bradley Mining Company, in an attempt to recover costs it says the Forest Service and Environmental Protection Agency incurred cleaning up arsenic-laden mining waste. Read More

Florida mining giant Mosaic Fertilizer said Monday it will file a $618 million lawsuit against Manatee County unless commissioners reverse a Sept. 16 vote that denied permission for Mosaic to mine phosphate on a property in Duette. Read More

The trial opened in Ivory Coast on Monday of 12 people charged with involvement in a 2006 toxic waste scandal which killed 17 Ivorians and poisoned thousands. Read More

Ivory Coast plantation workers who claim they were sterilized by a U.S.-made pesticide can't sue the manufacturers and distributors of the chemical in the United States because they can't show the companies intended to harm them, a federal appeals court ruled Wednesday. Read More

American International Group Inc., Goldman Sachs Group Inc., Lehman Brothers Holdings Inc., Morgan Stanley, Washington Mutual Inc. and Merrill Lynch & Co. are part of a U.S. Securities and Exchange Commission investigation into potential abuse in relation to the current financial markets meltdown. Read More

The intersection of human rights, the environment and corporate responsibility was highlighted today at a Capitol Hill hearing featuring activists from Burma and Nigeria who underlined the failure to date of "voluntary" controls over major oil companies operating in their countries. Read More

About a quarter of the nation's banks lost a combined $10 to $15 billion in the wake of the federal government's takeover of Fannie Mae and Freddie Mac. The losses are galling to small bankers because they took pains to avoid the exotic loans and loose underwriting standards that have hobbled Wall Street titans and some huge banks. Read More