Litigation/Liability Trends
The Great Revival: The Return of Bad Faith Litigation in the United States (Part 1)
Since the late 1960s and early 1970s, the United States has seen the growth of direct actions against insurance companies in what have colloquially been termed "bad faith" actions. These actions have ...
Farmers Suing Auto Club Michigan, Ex-Employees; Theft of Secrets Alleged
Farmers Insurance has filed a lawsuit in California against a pair of former employees and the Automobile Club of Michigan alleging the theft of trade secrets. The suit alleges violations of the ...
Exxon Will Fork Over $300M to Settle U.S. Air Pollution Violations
Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil ...
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 ...