Litigation/Liability Trends
Former AIG CEO Greenberg Loses Court Appeal Over 2008 Bailout Ruling
A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc during the 2008 financial crisis, in a defeat for former chief ...
Blame Brexit: 9,000 Bank Jobs Will Move From London to EU Over 2 Years
The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to ...
J&J Will Appeal $110M Talc Powder Cancer-Link Verdict
Johnson & Johnson was ordered by a St. Louis jury to pay more than $110 million to a Virginia woman who blamed her ovarian cancer on the company's talcum products. Imerys Talc America, which ...
Know Your Data and Other Cyber Risk Reduction Tips From Travelers and Symantec
With data breaches and business interruptions stemming from cyber-attacks now a significant worry for companies, there's one thing they can do to fight back: know their data. Travelers and cyber ...
Storm Damages Midwest Wheat Crop; More Heavy Rain to Come
Another round of rain is on the way for the water-logged Mississippi Valley, after a weekend storm that damaged wheat crops across the upper U.S. Great Plains. The bulk of the rain will be ...
Lehman Pursues $2B in Alleged ‘Phantom’ Citi Fees as Trial Starts
Almost a decade after the global financial crisis, the fate of another $2 billion from the wreckage of Lehman Brothers Holdings Inc. is about to be determined. The failed New York investment bank is ...
Avoiding Lawsuit, United Settles With Flier Dragged From Plane
United Airlines avoided a lawsuit by settling out of court with a passenger whose forcible removal from a plane was captured on video and circulated online by fellow travelers, sparking widespread ...
Hackers Seek Increasingly Pricy Ransoms to Free up Tainted Computers
Hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses, as cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to ...