Litigation/Liability Trends
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 ...
Construction-Waste Site May Have Triggered Massive China Landslide
A landslide that left at least 91 people missing in southern China may have started from a man-made pile of earth and construction debris, an initial government investigation showed, drawing new ...
Cyber Provisions in China Anti-Terror Law Concern Business Groups
China's controversial anti-terrorism law could be passed as soon as the end of this month, state news agency Xinhua said on Monday, legislation that has drawn concern in Western capitals for its ...