Litigation/Liability Trends
Apple Ransomware Attack Contained; More Mac Attacks Likely
The first known ransomware attack on Apple Inc.'s Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained, according to a developer ...
Allianz Will Reportedly Sue VW Over Share Drop
German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker's diesel emissions scandal, a source familiar with the situation told Reuters. If ...
Beazley Reports 60 Percent Surge in Data Breach Cases for 2015
For those tracking the continued surge of data breaches and other cyber crimes, a report by specialty insurer Beazley offers a stark example of how serious the problem has become. Beazley, a major ...
SCOTUS Rejects AIG Bid to Recoup Foreign Tax Credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to ...
Report: VW Leaders Knew of Illicit Emission-Control Software Early On
The current chairman and the chief executive of Volkswagen AG were alerted by the former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker ...
Global Regulators Propose Stricter Banking Rules to Address Cyber and Fraud Risks
Global regulators have proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines. The proposals are the ...
Two Texas Attorneys Accused of Bankrolling BP Spill Scam
Two high-profile Texas attorneys were sued by a fishing boat captain who said they were involved in a scam to cheat BP Plc out of millions of dollars with false compensation claims for the Gulf of ...
Bill Gross: Allianz’s PIMCO Playing Dirty in Trying to Kill Departure Suit
Bill Gross said Pacific Investment Management Co. isn't playing by the rules in its effort to kill the lawsuit he filed last year over his departure. Gross told a California state judge Tuesday that ...