A federal judge on Monday cleared the way for Pacific Investment Management Co to pursue a California lawsuit accusing American International Group Inc of causing big losses by lying about its subprime mortgage exposure before its 2008 bailout. U.S. District Judge Paul Crotty in Manhattan said it made sense for a California state court to handle Pimco's case, rather than have him decide, as AIG wanted, whether the unit of German insurer Allianz SE waited too long to sue. Jon Diat, an AIG spokesman, said the Manhattan-based insurer disagreed with Crotty's decision but looks forward to defending against Pimco in California.
The facility, if built in Nebraska's Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the region, the Greater Fremont Development Council said in a release dated April 14. Costco, the third-largest U.S. retailer, could not immediately be reached for comment.
WASHINGTON (AP) — The Pentagon misled Congress by using inaccurate or vague information about sexual assault cases in an effort to blunt support for a Senate bill that would make a major change in how the military handles allegations of sexual misconduct, an Associated Press investigation found.
The Associated Press won the Pulitzer Prize for public service for reporting on abuse in the seafood industry that helped free 2,000 slave laborers, and Reuters and The New York Times shared the breaking news photography award for images of the European refugee crisis. The Pulitzer Board, in conferring the most prestigious honors in U.S. journalism and the arts on Monday, also honored the Los Angeles Times for breaking news reporting for its coverage of the massacre by Islamist militants in San Bernardino, California. This year's announcement at New York's Columbia University marked the 100th anniversary of the Pulitzers, which began in 1917 after a bequest from newspaper publisher Joseph Pulitzer.
A federal judge on Monday made a preliminary finding that an Ohio man accused of plotting to attack the U.S. Capitol with guns and bombs was competent to stand trial. Judge Sandra Beckwith in U.S. District Court in Cincinnati said she will review evidence presented by prosecutors and defense and is expected to issue a final ruling in a written opinion in the case of Christopher Cornell from Green Township outside Cincinnati.