Litigation/Liability Trends
CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge
The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...
Nestle Suit Alleges Slave Labor Used For Fish in Fancy Feast Cat Food
Nestle SA was sued over claims that its Fancy Feast cat food contains fish from a Thai supplier that uses slave labor. The complaint against the Swiss food giant follows one last week accusing Costco ...
Controversial Trinity Guardrail System Set For Extra Testing in Virginia
Trinity Industries Inc.'s guardrail system will undergo additional crash testing by Virginia, raising new questions about a device on roadways across the country. Some of Virginia's six proposed ...
Private Companies to Get Crack at U.S.-Developed Anti-Hacking Tech
Anti-hacking technology developed by the U.S. will be offered to banks and other businesses under an initiative to promote cutting-edge research, even as some security specialists question its value ...
10 Global Automakers Sued Over Keyless Ignition Defect That Leaves Engines On
Ten of the world's biggest carmakers were sued over claims that keyless ignitions lacking an automatic shut-off endanger drivers and passengers with deadly carbon monoxide fumes. Manufacturers ...
Two Business Groups Urge Govt. Agency to Probe Medical Funding Industry
Two business lobbying groups this week called on the Consumer Financial Protection Bureau to investigate the medical funding industry after a Reuters investigation revealed that private investors are ...
UK Broker Towergate Contributes to $31M Gallagher Lawsuit Settlement
The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected to Towergate earlier in the year – has been settled for a payment ...
Buffett’s GEICO Agrees to California Settlement Over Misleading Price Quotes
GEICO, the auto-insurance unit at Warren Buffett's Berkshire Hathaway Inc., agreed to a settlement with California regulators after its online price quotes misrepresented some coverage as the ...