liabilities News

PG&E’s Power Suppliers Lose Contract Fight in Bankruptcy Court

The power generators that supply bankrupt utility giant PG&E Corp. were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed. Power giants including NextEra Energy Inc. and Exelon Corp. had …

GlaxoSmithKline Agrees to $3B Settlement with U.S.

GlaxoSmithKline PLC has agreed in principle with the U.S. government on a $3 billion settlement of investigations into the company’s sales and marketing practices, the drug maker said Thursday. The agreement is expected to be completed next year, and the …

New York City Police Run Up More Legal Claims than Hospitals

New York City paid nearly $521 million in personal injury and property damage claims in 2010 — marking the first time in 30 years the police department’s liabilities topped those of public hospitals, according to a city comptroller’s report issued …