Loews Corporation controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2021
Boardwalk take-private litigation
Former minority unitholders challenged Loews's use of a call right to take Boardwalk Pipeline Partners private. The dispute produced Delaware court rulings, appeals, and continuing legal proceedings described in the supplied reference material.
2020
Diamond Offshore bankruptcy and bailout criticism
Diamond Offshore, a former Loews-controlled subsidiary, entered bankruptcy during the offshore-drilling downturn. Reference material also notes criticism concerning the company's receipt of CARES Act-related funds and executive compensation during the bankruptcy process.
2006
Further CNA financial-statement corrections
Loews announced that financial statements covering multiple periods should not be relied upon because of accounting classification errors at CNA Financial and said it would restate affected results.
2003
CNA investment-accounting restatement
Loews restated financial statements for earlier periods after revising its historical accounting for CNA's investment in life-settlement contracts and related revenue recognition. The company also disclosed additional impairment losses on equity securities at CNA.