Litigation/Liability Trends
Typhoon Meranti Wreaks Havoc in China and Taiwan
Typhoon Meranti wreaked havoc in China and Taiwan after striking late Wednesday, causing damage, widespread flooding and massive power outages, according to RMS. It appears, however, that things ...
Allianz’s PIMCO Alleges Co-Founder Bill Gross Leaked Confidential Bonuses
PIMCO escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules. ...
New York Issues First-of-Their-Kind Cyber Regs for Insurers and Banks
New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or ...
The Trial of Ex-AIG Chairman Hank Greenberg Finally Begins
Opening arguments began on Tuesday in the trial of former American International Group Inc chairman Maurice "Hank" Greenberg over accounting fraud at the insurance giant some 16 years ago. Greenberg, ...
U.S. Appeals Court Revives JPMorgan Chase Whistleblower Lawsuit
A federal appeals court on Monday revived a former JPMorgan Chase & Co private banker's whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client ...
Suit Alleges Samsung, LG Suppressed Wages in Anti-Employee Poaching Deal
LG Corp. and Samsung Electronics Co. were accused in a lawsuit of conspiring to suppress wages by agreeing not to recruit each other's employees in Silicon Valley, where allegations of no-poaching ...
Berkshire Hathaway Accused of ‘Reverse Ponzi Scheme’ in Workers Compensation Suit
Berkshire Hathaway Inc. duped a New York bicycle courier company into paying for a workers' compensation plan that diverted premiums into the insurer's own subsidiaries in violation of state laws, ...
46M People Could Benefit From $19B UK Suit Alleging Excessive Mastercard Fees
Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, ...