Claims / Legal
UK Financial Firms Ordered to Prepare Readiness Plan for Possible Cyber Attacks
Many U.K. financial firms don't have a Plan B to fall back on if they're hit by a cyber attack. The Bank of England wants to change that. Financial regulators told firms to come up with a detailed ...
MasterCard, Visa Lose Out in U.K. Retailer Fees Suit Appeal
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages. The fees fixed by Visa Inc. and ...
Adidas Warning Millions of U.S. Customers About Data Breach
Adidas AG is the latest company to come under attack from cyber-thieves looking to steal personal information, with millions of customers potentially at risk. The athletic-wear company alerted ...
PwC Ordered to Pay FDIC $625.3M Concerning Bank’s Collapse
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank ...
VW Employee Sues Company, Alleging Widespread Age Discrimination
A Tennessee employee of Volkswagen AG sued the automaker and alleged that it has been systematically discriminating against older workers in wake of a massive emissions scandal that tarnished the ...
$55M J&J Talc Powder Verdict Thrown Out in Missouri Appeals Court
A Missouri appeals court on Friday threw out a $55 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products, ...
Wells Fargo Suit Alleges Bank Encouraged Use of Hidden Fees in Finance Programs
Wells Fargo & Co has been hit with a lawsuit by a Texas jewelry company accusing it of encouraging thousands of retailers nationwide to charge hidden fees to customers using financing programs ...
Greater Natural Gas Use Could Address Global Warming, Says BP and Chevron
To reduce emissions and provide affordable electricity, the world needs to burn more fossil fuels, not less. That's the message being delivered by the world's biggest energy companies at the World ...