Litigation/Liability Trends
Shareholder Accuses Argo Group of Illegally Appointing Two Board Members
An Argo Group shareholder accusing the company and CEO Mark Watson III of extravagant spending practices now claims that the carrier illegally appointed two board members. Argo disagreed, continuing ...
J&J Reaches Confidential Settlement Over Another Baby Powder Asbestos Suit
Johnson & Johnson reached a confidential settlement resolving an Oklahoma lawsuit alleging its iconic baby powder caused a 77-year-old woman to develop a rare cancer connected to asbestos ...
Global Emissions Reach Record, Thanks to Growing Energy Demands
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and ...
OxyContin Maker Purdue Settles Oklahoma Opioid Case for $270 Million
OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of ...
Federal Judges Cracking Down on Cozy Class Action Deals
Federal judges in California are cracking down on warped incentives in class-action lawsuits, exerting tighter oversight of settlements that provide hefty fees for plaintiff lawyers but no meaningful ...
J&J, Bayer Settle 25,000-Plus U.S. Xarelto Suits for $775 Million
Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding for a ...
FEMA Botches Handling of Personal Data From 2 Million Disaster Victims
The Federal Emergency Management Agency improperly released the personal data of some 2.3 million survivors of hurricane and wildfire disasters to a contractor, the Department of Homeland Security's ...
Midwest Flood Deluge Heads Closer to Mississippi River
The deluge that devastated so much of Nebraska is now moving downstream to threaten cities in Missouri and Kansas as the flood bulge makes its way toward the Mississippi River. Major flooding is ...