Litigation/Liability Trends
JPMorgan Will Fork Over $200M to Resolve Asia Hiring Probes
JPMorgan Chase and Co is expected to pay about $200 million to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter. A settlement, which ...
Counts Reduced Against Group Charged in BP Oil Spill Fraud Case
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil ...
Tesla May Deflect Autopilot Liability Due to Huge Data Collection Effort
The large volume of data Tesla Motors Inc collects from its cars on the road has armed it with information to publicly counter, and possibly legally defend, claims about the safety of its Autopilot ...
Lawsuit Accuses VW ‘Top Brass’ of Orchestrating Emissions Cheating Years Ago
Volkswagen AG Chief Executive Officer Matthias Mueller became aware of emissions cheating a decade ago as part of a broad conspiracy orchestrated by "top brass," according to lawsuits filed by U.S. ...
Companies Worry Over Autonomous Cars’ Cyber Security Risks: Munich Re
Cyber security is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world's second-biggest reinsurer ...
AmTrust Abandons Lawsuit Against Italian Ex-Broker Over Bribery Claims
Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The ...
Several States Plan to Sue VW Over Diesel Emissions Scandal
New York and Maryland are among several states planning to sue Volkswagen AG over the environmental damage done by devices that were designed by the carmaker to cheat on pollution-control tests. ...
Dallas Police Use of Killer Robot Opens Risky Door
When Dallas, Texas, police used a bomb-carrying robot to kill a sniper, they also kicked off an ethical debate about technology's use as a crime-fighting weapon. In what appears to be an ...