Claims / Legal
Sedgwick on the Block; $2B Sale Possible: Reuters
Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four ...
Target Breach Shows U.S. Lagging in Security; CEO Apologizes
The security breach of credit- and debit-card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that the U.S. lags behind much of the world in securing personal ...
Appeals Court Reinstates Alien Tort Lawsuit Against Multinational Firms
A lawsuit against a unit of Nestle SA and two other companies alleging children were forced to work as slave labor on cocoa plantations in Ivory Coast was reinstated by a federal appeals court. The ...
Lead Paint Verdict May Set Dangerous Precedent: McArdle Viewpoint
A California judge has just ruled that manufacturers of lead paints and pigments have to pay 10 cities in California $1.1 billion to remediate lead paint used in homes there. I wrote about this last ...
Wall Street Broker Contests SEC’s Probe with Harassment Lawsuit
Companies usually keep a low profile when the U.S. Securities and Exchange Commission investigates them. Robert DePalo decided to sue. DePalo is accusing the SEC of asking investors "leading and ...
Paint Manufacturers to Pay $1.1B to California Municipalities in Nuisance Liability Case
Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC have been ordered by a judge to pay $1.1 billion to replace or contain lead paint in millions of homes after losing a ...
Universal, Fireman’s Fund Seek ‘Fast and Furious’ Solution Following Star’s Death
When "Fast And Furious" star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn't the first time a studio and its insurer faced such a situation, but the ...
JPMorgan Seeks More Than $1B From FDIC Over WaMu claims
JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims ...