New Mexico News

A former pension fund official behind a whistleblower lawsuit on Thursday tried to stop Attorney General Gary King and a state agency from taking over legal efforts to recover money for New Mexico from investment deals allegedly influenced by political considerations.

Every time the stock options backdating scandal of the previous decade begins fading into distant memory, along comes a case to refocus our attention. And here's a particularly noteworthy example: On Thursday the U.S. Court of Appeals for the Ninth Circuit reinstated class action securities claims against auditor Ernst & Young in connection with options backdating at E&Y client Broadcom

Attorneys general in 16 states and the U.S. government want to put a little distance between themselves and the rest of the plaintiffs in the multidistrict litigation against BP PLC over the Deepwater Horizon oil spill. They've asked U.S. District Judge Carl Barbier in New Orleans to separate their cases from the hundreds of lawsuits brought on behalf of businesses and individuals.