Litigation/Liability Trends
$1B GM Ignition Switch Settlement Tossed by Judge
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was ...
Global Elite’s Biggest Risk Worries: Cyber Attacks and War in the Age of Trump
The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of U.S. President Donald Trump have jumped to the top of the global elite's list of concerns, ...
Judge Rejects Wells Fargo Bid to End Predatory Lending Lawsuit
A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co'.s bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and ...
SCOTUS Agrees to Hear Case Over Constitutionality of ALJ Appointments
The U.S. Supreme Court will decide whether the Securities and Exchange Commission's in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend ...
Calif. Mudslides Devastate Billionaire Enclave; Insurance Damage Could Be Massive
The mudslides on the California coastal town of Montecito have devastated a wealthy enclave where billionaires including Charlie Munger, Eric Schmidt and Oprah Winfrey own properties, with hundreds ...
BP Will Settle Calif. Overcharging Lawsuit With $102M Payment
A BP Plc unit will pay $102 million to settle a lawsuit accusing the company of overcharging California for natural gas, the state's attorney general said. The accord spared BP from facing a jury ...
Ford Urges 2,900 Pickup Owners to Stop Driving, Following Second Takata Death
Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving ...
Apple’s Battery Controversy Draws U.S. Senator’s Attention
The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter ...