Litigation/Liability Trends
Appeals Court Won’t Revisit Towers Watson $80M D&O Denial for Willis Merger Lawsuit
A federal appeals court has denied insurance broker Towers Watson a rehearing of a May ruling that found it may not be entitled to $80 million in insurance to cover settlements of shareholder ...
SEC Sues Binance and Founder Zhao Over ‘Web of Deception’
U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending ...
Endocrine Disruption Litigation Has Arrived
How long does it take for science to identify a new type of harm from commercial activity before litigation tries to hold the businesses accountable? It has been more than 50 years since scientists ...
Lawsuit Claiming Racism at Tesla Draws Almost 240 Black Workers Saying ‘Me Too’
A Black former assembly line staffer at Tesla Inc. is moving to add hundreds of other workers to his 2017 lawsuit in which he called the electric-car maker's production floor a "hotbed for racist ...
Social Inflation Hits Insurers, Not Economies
You know things are bad when the term "nuclear" is deemed inadequate to describe the rise in legal verdicts against corporations. "Thermonuclear" is the new term coined by the public relations and ...
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 ...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
According to court records, Root Inc's former chief marketing officer — accused of stealing about $10 million from the company — has not made court appearances, spent money in violation of court ...
Bankruptcy Judge Lets Directors of Failed SVB Tap $210M D&O Tower
A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers ...