Litigation/Liability Trends
U.S. Industrial South Braces for Flooding From Five Separate Rivers
Brace yourself, U.S. South. The Mississippi River is coming, and so are the Arkansas, the Red, the Ohio and the Missouri. The water on the Mississippi River is already so high that Missouri closed ...
Facebook Must Face Shareholder Class Actions Over IPO
A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's May 2012 initial public offering. ...
Hyatt Hotels System Infected with Credit-Card-Stealing Malware
Hyatt Hotels Corp said on Wednesday that its payment processing system was infected with credit-card-stealing malware in an attack discovered three weeks ago, the latest in a series of breaches at ...
SAC Capital to Pay $10M in Investors’ Insider Trading Lawsuit
Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP has agreed to pay $10 million to resolve a lawsuit by shareholders of drugmaker Wyeth, who claimed they lost money because the ...
Uber Judge Ruling Threatens Drivers’ Quest for Employee Status
Uber Technologies Inc. won a ruling that may put off the outcome of a bid by California drivers to be treated as employees in a lawsuit that has grown dramatically in both size and potential ...
When One Driverless Car Hits Another, Who’s at Fault?
Imagine a robot car with no one behind the wheel hitting another driverless car. Who's at fault? The answer: No one knows. But plaintiff's lawyers are salivating at the prospects for big paydays from ...
JPMorgan Will Pay $150M to Settle ‘London Whale’ Class Action Suit
JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its "London Whale" trading scandal, which caused a $6.2 billion loss. The ...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...