It never happened, of course. But AIG's former CEO Maurice Greenberg believes the federal government didn't have the authority to step in.
The award will be the largest made by the SEC, although the whistleblower claimed that it was below the average percentage amount others got.
Insurers are excluding privacy risks from general-liability policies and offering companies more costly stand-alone cyber coverage.
Hard facts and data about their companies' losses can help finance chiefs and risk managers in their insurance buying.
To ramp up successful prosecutions of Wall Street wrongdoers, the U.S. Attorney General is proposing larger financial rewards for whistleblowers.
The whistleblower came to the SEC after reporting wrongdoing internally and the company failed to act.
Companies must be punished when they do wrong, but the legal system has become an extortion racket.
As the casino giant tries to restructure $12.7 billion in debt, it levels a lawsuit at hedge funds that it claims want to force a default.
The war between Autonomy and HP escalates as HP plans on suing Autonomy's ex-CFO for trying to blocking settlements with shareholders.