Litigation/Liability Trends
Europe’s Firms, Unprepared for Cyber Risks, Face Breach Disclosure Law
European companies are unprepared to cope with the reality of today's cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, ...
Costco Wins Dismissal of Lawsuit Involving Slave Labor-Harvested Thai Shrimp
Costco Wholesale Corp. won dismissal of a lawsuit claiming it didn't disclose to customers that it was selling farmed shrimp from Thailand fed a diet of cheap fish caught at sea with unpaid, forced ...
Apple Sues Chip Maker for $1B, Alleging Anticompetitive Tactics
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over ...
Tesla Autopilot Function Cleared in Probe of Fatal 2016 Crash
The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation's chief auto safety regulator essentially cleared Tesla Motors Inc.'s Autopilot system of ...
Uber Agrees to Fork Over $20M to Settle FTC Suit Over Driver Pay
Uber Technologies Inc. agreed to pay $20 million to settle a U.S. Federal Trade Commission lawsuit over driver compensation claims and its auto leasing program. The FTC sued the San Francisco-based ...
Credit Suisse Will Pay $5.3B to Settle U.S. Mortgage Case
Credit Suisse has formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 ...
Supreme Court to Weigh Legality of Employee Arbitration Agreements
The U.S. Supreme Court last Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in ...
Wells Fargo Believes Customers Properly Reimbursed in Fake Account Scandal
Wells Fargo & Co, the third-largest U.S. bank by assets, said on Friday it believes it has reimbursed the customers it needs to in order to comply with at least one of three settlements over a ...