Litigation/Liability Trends
U.S. Slaps Charges Onto Several, Alleging SEC Hacking Scheme
U.S. authorities on Tuesday charged several individuals and companies in a scheme to trade on information in nonpublic corporate press releases by hacking into a U.S. Securities and Exchange ...
Moody’s Boss Fired for Retaliating Against Female Co-Worker Wins $1.8M, Job Back
A Moody's Corp. managing director fired for lashing out at a junior co-worker who criticized his team's work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody's French unit ...
Alphabet Board Sued, Accused of Allegedly Covering Up Sexual Misconduct Claims
Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc. of playing a direct role in covering up sexual misconduct claims against two former executives over the last ...
‘Potentially Crushing’ Wildfire Liabilities Force California Utility to Prepare Bankruptcy Filing
PG&E Corp, owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially ...
Fiat Chrysler Reportedly Settling Massive Diesel Emissions Civil Suit
Fiat Chrysler Automobiles NV will pay hundreds of millions of dollars to settle a lawsuit brought by the U.S. Justice Department, which alleged some of its diesel-powered vehicles violated clean-air ...
Lawsuit Alleges Defective Tesla Battery Caused Passenger Death
Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc alleging that its 2014 Model S sedan had a defective battery pack that caused the death ...
J&J May Never Have to Pay Its $4.7 Billion Baby Powder Court Loss
A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company's biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its ...
Fiat Chrysler’s Appeal in Class Action Hacking Suit Fails With SCOTUS
The U.S. Supreme Court on Monday declined to hear Fiat Chrysler's appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal ...