Claims / Legal
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...
GEICO Loses Chance to Gain SCOTUS’s Ear for Overtime Appeal
The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co's appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators ...
Jury Orders Costco to Pay $5.5M for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled ...
Cyber Firm Asserts Yahoo Hack Was Work of Eastern European Criminal Gang
A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a ...
New 9/11 Law Allowing Lawsuits Against Saudi Arabia May be Narrowed
U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease ...
Typhoon Meranti China Insured Losses Estimate Surpasses $1B: AIR Worldwide
Mainland China could be dealing with more than $1 billion in insured losses from damaged caused by Typhoon Meranti once final tallies are in, AIR Worldwide said. The catastrophe modeling firm ...
After Exploding Smartphone Batteries, Samsung Now Faces Washing Machine Safety Issues
Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some ...
Former AIG Chairman Greenberg Scolded by Judge for Avoiding Direct Answers
A New York state court judge warned Maurice "Hank" Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions ...