Litigation/Liability Trends
Ex-Allstate Employees Awarded $27M in Defamation Lawsuit Verdict
A federal jury has awarded more than $27 million to four former Allstate employees who sued the insurer for defamation. The Chicago Tribune reported the employees worked for a now-defunct equity ...
Two U.S. Funds Sue Multiple Banks Alleging Singapore Rate Rigging
Two U.S.-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court ...
Fatal Crash of Tesla on Autopilot Spurs NHSTA Investigation
U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for ...
July 4 Weekend Could See a Surge in Traffic Deaths
U.S. traffic fatalities over the Independence Day weekend will probably climb this year to the most since 2008 as an improved economy and lower gas prices encourage more people to get behind the ...
Airbnb Seen as Winning Legal Battle Against Hometown San Francisco
San Francisco has picked a fight with Airbnb that it probably can't win. On Monday, the home-rental business filed a lawsuit against its hometown, saying that San Francisco's attempt to get Airbnb to ...
Miami Predatory Lending Lawsuit Heads to U.S. Supreme Court
The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults ...
VW’s $15B Diesel-Cheating Settlement Will Only Go Higher in Months Head
Volkswagen AG's $15.3 billion agreement to get a half million emissions-cheating diesel vehicles off U.S. roads sets an auto-industry record that will only go higher as criminal probes and lawsuits ...
VW U.S. Settlement Price Tag Grows to $15B
Volkswagen AG's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion—$5 billion more than previously reported. A settlement is set ...