Litigation/Liability Trends
Allergan Will Fork Over $750M to Settle Alzheimer’s Therapy Lawsuit
Allergan Plc would pay $750 million to settle a class action lawsuit from a group of direct purchasers of Alzheimer's disease therapy Namenda, the drugmaker said, in a resolution to the litigation ...
Massachusetts Sues Exxon Mobil, Alleging Climate Change Deceit
The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in climate change. Attorney ...
Hackers Cripple Johannesburg and Demand Bitcoin Ransom
The City of Johannesburg shut down its website and billing systems after a group hacked into the authority's system and demanded a ransom of four Bitcoins worth about $30,000. The call center, ...
Lawsuit Alleges Tesla’s Futuristic Door Handles Contributed to Death in Burning Car Crash
The futuristic door handles on Tesla Inc.'s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car. Omar Awan, a 48-year-old ...
Reinsurers’ Earnings Will Erode Further After 3rd Year of Major Claims: AM Best
Reinsurers' earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to a new ...
Accounting Tricks Hide Real Value of Teva’s Proposed Opioid Settlement
Teva Pharmaceutical Industries Ltd's proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued ...
Adjuster’s Comment About ‘Homeys’ Enough to Allow Discrimination Claim to Proceed
A claims adjuster's comments about "homeys" and "you people" when talking to a South Chicago property owner were enough to merit further proceedings on a discrimination claim against State Farm Fire ...
Lawmakers Push for Removal of Tech Liability Shield
A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to ...