Litigation/Liability Trends
Wells Fargo Scandal May Reach to Thousands of Small Business Owners
The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope of the bank's issues ...
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...
GEICO Loses Chance to Gain SCOTUS’s Ear for Overtime Appeal
The U.S. Supreme Court on Monday declined to hear GEICO General Insurance Co's appeal of a ruling that the No. 2 auto insurer in the United States must pay overtime wages to its claims investigators ...
Jury Orders Costco to Pay $5.5M for Selling Fake Tiffany Rings
Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday. Tiffany is also entitled ...
CNO Financial Severs Beechwood Re Ties, Files Suit Over Hedge Fund Exposure
CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by ...
Cyber Firm Asserts Yahoo Hack Was Work of Eastern European Criminal Gang
A cyber security company on Wednesday asserted that the hack of 500 million account credentials from Yahoo was the work of an Eastern European criminal gang, adding another layer of intrigue to a ...
New 9/11 Law Allowing Lawsuits Against Saudi Arabia May be Narrowed
U.S. lawmakers on Thursday expressed doubts about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease ...
After Exploding Smartphone Batteries, Samsung Now Faces Washing Machine Safety Issues
Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some ...