Litigation/Liability Trends
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 ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
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 ...
DuPont Defeated in First Liability Trial Over Toxic Teflon-Making Chemical
A cancer patient prevailed in her lawsuit against DuPont on Wednesday, when a jury awarded her $1.6 million and found the company liable for leaking a toxic chemical used to make Teflon into the ...
Wal-Mart, Visa Seek an End to Retailer’s $5B Swipe-Fee Lawsuit
Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer's $5 billion lawsuit over processing fees. The negotiations were disclosed in a court filing Monday in Brooklyn federal ...
Fifth Third Bancorp Will Pay $85M to Settle Mortgage Fraud Case
Fifth Third Bancorp will pay more than $84.9 million to resolve U.S. civil fraud charges that it failed to disclose material defects in more than 1,400 mortgage loans in a timely manner after ...