Litigation/Liability Trends
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 ...
Former AIG Chairman Greenberg Scolded by Judge for Avoiding Direct Answers
A New York state court judge warned Maurice "Hank" Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions ...
RBS Will Pay $1.1B to Settle Some of Its U.S. Toxic Mortgage Claims
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union ...
U.S. Senator Calls for SEC Probe of Yahoo Hacking Disclosure Timing
Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the ...
Takata, Automakers Explore Ways to Both Share and Limit Air Bag Liability
Takata Corp. and some of the world's biggest carmakers face an extensive -- and expensive -- to-do list as they try to resolve the worst safety crisis in the auto industry's history. Executives for ...
Cyber Crime Worries Rise Among Small, Medium-Sized Businesses: Zurich
While the number remains low, there's been a robust rate of increase in the number of small and medium-sized businesses tuned in to the cyber attack risks they face, Zurich Insurance Group said in a ...