Litigation/Liability Trends
Goldman Sachs, Bank of America, Others Must Face Stock Lending Antitrust Suit
Major banks including Goldman Sachs Group Inc., Bank of America Corp., Credit Suisse Group AG and JPMorgan Chase & Co. must face allegations that they conspired to prevent the "antiquated" stock ...
Cyber Risks Remain for Financial Firms, Even Outside Their Defenses
The biggest financial firms see significant risk from cyber attacks, even if their companies aren't the ones being targeted. While banks and asset managers have spent billions on cybersecurity, they ...
Bank of England Urges Banks to Accelerate Climate Change Risk Plans
Only a small fraction of banks in Britain are planning properly to mitigate risks to their businesses from climate change, the Bank of England said on Wednesday, adding it would push lenders to take ...
Opinion: Climate Change Costs Could Be Even Higher Than Some Predict
The potential costs of climate change, already the subject of heated debate, may actually be understated. It's not just the potential disruptions to weather systems, agriculture and coastal cities; ...
Mistrial: J&J Talc Cancer Case Ends With Divided Jury
Johnson & Johnson's latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn't agree on a verdict. A state judge in Pasadena, California, declared a ...
Ex-Facebook Content Moderator Sues, Alleging Lack of Protection From Troubling Images
A former Facebook contract employee has lodged a suit against the company, alleging that content moderators who face mental trauma after reviewing distressing images on the platform are not being ...
Florence Fallout: Duke Energy Ash Basin Overflows, Spilling Coal Byproduct Into River
Floodwaters have overwhelmed an ash basin at a Duke Energy Corp. power plant in North Carolina, spilling a byproduct of burning coal into the Cape Fear River. The company said coal ash at the site ...
Problems With National Flood Insurance Program Laid Bare by Hurricane Florence
When Hurricane Florence reached Belhaven, North Carolina, last weekend, the flooding that followed was unlike anything Ricky Credle, the mayor of the tiny coastal town had ever experienced. "I've ...