Litigation/Liability Trends
Apple Faces Hefty Damages After Losing Patent Lawsuit to UWM
Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without ...
Ironshore Sees Opportunity in Emerging Hospital Liability Exposures
Ironshore Inc. said it is introducing new coverage for hospitals and healthcare systems designed to address both existing and emerging liability exposures. The new policy—LeadingEdge—comes out ...
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
FAA May Ban Rechargeable Lithium Battery Cargo From Passenger Airlines
The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. "We believe the risk is ...
U.S. Judge Signs Off on Settlement in Canadian Oil-by-Rail Disaster
A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent ...
How a Doomed U.S. Cargo Ship Collided With Hurricane Joaquin
The ill-fated U.S.-flagged El Faro cargo ship sunk by Hurricane Joaquin was sailing at near full speed into the center of the storm before it lost propulsion amid mountainous waves and brutal winds, ...
Public Pension Funding Lawsuit Tossed by New Jersey Judge
A New Jersey judge on Thursday threw out a lawsuit by trustees for the state's public pension funds that sought nearly $4.1 billion of contributions into the retirement system. The suit was one of ...
Bill Gross Sues PIMCO, Allianz For ‘Hundreds of Millions’ Over Ouster
Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for "hundreds of millions of dollars," claiming he was wrongfully pushed out as the bond giant's chief investment officer by a ...