Litigation/Liability Trends
SCOTUS Rejects Hank Greenberg’s Fraud Lawsuit Appeal; Mediation to Come
The U.S. Supreme Court turned away an appeal by Maurice "Hank" Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group Inc. chairman. Three ...
Trade Secrets Stolen in Massive Cyber Attack Against Steelmaker ThussenKrupp
Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday. ...
J&J Will Appeal $1B Verdict in Recent Artificial Hip Implant Trial
Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip ...
U.S. Regulators Are Missing Commercial Drone Safety Violations: Govt. Report
U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. ...
State Farm Loses Hurricane Fraud Case in U.S. Supreme Court
The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage ...
Apple’s Patent Infringement Award From Samsung Hit With SCOTUS Setback
The U.S. Supreme Court told a lower court to take another look at a $399 million award won by Apple Inc. from rival Samsung Electronics Co. for copying the design of the iPhone. The unanimous ...
RBS Agrees to Pay Up to $1B to Settle Investor Lawsuits Over 2008 Offering
Royal Bank of Scotland Group Plc moved closer to clearing a backlog of charges for misconduct that have slowed its return to profitability, agreeing to pay as much as 800 million pounds ($1 billion) ...
Texas Jury Orders J&J to Fork Over $1B for Faulty Hip Implants
Johnson & Johnson was ordered by a Texas jury to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed, in ...