Litigation/Liability Trends
Investors Press U.S. Drug Companies to Review Opioid Legal, Financial, Reputational Risks
U.S. shareholder activists are addressing the soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from ...
Johnson & Johnson and Talc: What Comes Next and Why It Matters to Insurers
Johnson & Johnson is having increasing legal troubles with talc, a trend that has potential implications for the property/casualty insurance industry. That's because a number of juries have ruled ...
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 ...