Sentence examples for covers litigation from inspiring English sources

The first of these, responsible for $12 billion in paid claims and another $18 billion in specific reserves, covers litigation in state courts over mortgages sold to investors with allegedly faulty representations as to their quality.

Right now intellectual property insurance, which covers litigation expenses for infringement, lost past profits, or even antitrust, is best used by small companies as a protective measure against hawkish corporate giants.

But it also was forced to set aside £780m to cover litigation and fines.

On top of this, the bank is setting aside €1.2bn to cover litigation costs.

Visa has said it will set aside $3 billion from the offering to cover litigation costs.

The bank revealed it was setting aside $2.3bn to cover litigation largely related to fraudulent or predatory mortgage lending.

JPMorgan Chase reported a 4% drop in revenue, although profits rose 33% to $6.5 billion after it released funds set aside to cover litigation and loan losses.

Mortgage-related liabilities continued to be a drain on earnings, with the bank adding $2.5 billion in reserves to cover litigation expenses, reducing earnings by 39 cents a share.

The agreements cover litigation brought by the current board of Enron to help the Enron estate pay the company's creditors, which include former Enron employees and vendors.

But the litigation involving BP has become especially bitter because of a request to the judge last month by the 17-member leadership asking to create a fund that could be used to cover litigation costs.

The investment banking unit was heavily fined for both Libor and foreign exchange rate-fixing, while the latest profit warning contained £1.5bn of provisions to cover litigation relating to its sale of toxic US mortgages.