Litigation/Liability Trends
U.S. SEC Alleged to Wrongly Collect $14.9B From Investment Firm’s Liquidating Trustee
The U.S. Securities and Exchange Commission has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have ...
AIG, Insurer to Disney/ABC, Sues to Avoid Paying Partial ‘Pink Slime’ Settlement Costs
American International Group Inc on Thursday sued Walt Disney Co to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer's defamation lawsuit over a product ...
End of Class-Action Lawsuit Rule Won’t Stop U.S. Financial Firms From Facing Them
Not every financial firm will be able to reap the benefit of Wall Street's victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed ...
‘BadRabbit’ Malware Attacks Hit Russia, Ukraine, Bulgaria, Turkey, Japan
Cyber attacks using malware called "BadRabbit" hit Russia and other nations on Tuesday, affecting Russian Interfax news agency and causing flight delays at Ukraine's Odessa airport. While no major ...
Another J&J Appeals Win: Judge Tosses $417M Verdict in Talc/Cancer Lawsuit
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like ...
U.S. Regulator Faults Wells Fargo Over Auto Insurance Abuses: NYT Report
Wells Fargo & Co wrongly pushed auto insurance on customers who did not need it and took too long to halt the abuse, the New York Times reported on Friday, citing a confidential report from a ...
GM Will Pay $120M to Resolve State Ignition Claims
General Motors Co has agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general and the company said on ...
Another J&J Lawsuit: Patients in UK Trial Claim Hip Implants Were Defective
A Johnson & Johnson unit was accused of injuring hundreds of patients by selling "defective" hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy ...