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Deutsche and Barclays are both negotiating potentially expensive settlements for misdeeds in America.
Expensive settlements of shareholder lawsuits are on the increase especially related to once high-flying IT businesses.
The streak of dismissals notwithstanding, several major lawsuits against the rating agencies have survived the pretrial phase and might -- emphasis on might -- end with huge jury verdicts or expensive settlements.
They also, naturally, fear a wave of expensive settlements and damage awards like the one that struck the Los Angeles Archdiocese when the statute of limitations was lifted under a 2003 law.
Thanks to a series of expensive settlements for divorcees such Heather Mills, Slavica Ecclestone and Orianne Cevey, who all elected to do their post-hitch ditching in Zone 1, London is now known as the Divorce Capital of the world.
Lawyers advising the cities suing the gun industry have contended that if they could get into discovery of corporate documents they would find evidence that the firearms makers have long known how easily their guns are sold to criminals and juveniles, providing the kind of proof that led to expensive settlements by the tobacco companies.
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But Judge Harold E. Kahn's ruling puts the firm in a vulnerable position that leaves it contemplating two unpleasant possibilities: an embarrassing trial or an expensive settlement.
Wall Street banks reached an expensive settlement with American regulators in April 2003, and were forced to change the way they ran their businesses among other things, by preventing investment bankers from directly influencing analysts' pay.The ground is set to shift again, as both regulators and fund managers devise new ways to make the cost of research transparent.
Bristol-Myers Squibb said yesterday that it had received federal grand jury subpoenas regarding its pricing practices in an inquiry that some analysts said could lead to an expensive settlement at the company, the world's largest supplier of cancer treatment products.
They merely take advantage of the currency's less expensive settlement costs.
That the fears are real suggest that either lenders often disregarded the rules, or that the threat of such an investigation is so strong that big banks will spend lots of time and money defending themselves against a multitude of inquiries or simply agree to an expensive settlement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com