Boy Scouts of America Bankruptcy Plan Upheld Despite Insurers’ Objections
A federal judge on March 28 denied an appeal, largely made by insurers, to strike down the Boy Scouts of America's nearly $2.5 billion reorganization plan approved last ...
Litigation/Liability Trends
GEICO Faces Class Action for Allegedly Underpaying Auto Claims
GEICO General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents.
Report: 119K People Hurt by Riot-Control Weapons Since 2015
More than 119,000 people have been injured by tear gas and other chemical irritants around the world since 2015, and some 2,000 suffered injuries from "less lethal" ...
TikTok, Transit Agencies Face Wrongful Death Suit Over New York Teenager’s Death
Chinese company ByteDance and its popular social media platform TikTok are facing a wrongful death suit in New York over the 2022 death of a teenager. The suit alleges ...
Lawsuit Accuses Zuckerberg, Meta of Failing to Address Sex Trafficking, Child Exploitation
A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation ...
Louisiana Supreme Court Reverses; No Coverage Owed for COVID Shutdown
The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business interruption claim for income lost because of government ...
Government’s SVB Intervention Saved Insurers From Significant D&O Claims
Had the federal government not stepped in to make Silicon Valley Bank (SVB) depositors whole, providers of directors and officers insurance for startups and venture ...
Zuckerberg Was Warned on Social Media Addiction, Filing Says
Employees at Meta Platforms Inc. and ByteDance Inc. were aware of the harmful effects of their platforms on young children and teenagers but disregarded the information ...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made ...
Show Must Go On for Broadway Theaters’ COVID Loss Claim, Federal Judge Rules
A New York federal judge has refused to lower the curtain on a COVID-19 business loss claim by the owner of five Broadway theaters because the entertainment insurance ...