Litigation/Liability Trends
Banking Cyber Theft Ring Targeted Millions of PCs in Asia and the U.S.
A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three ...
Apple Ordered to Pay Nearly $533M in iTunes Patent Infringement Verdict
Apple Inc has been ordered to pay $532.9 million after a federal jury in Texas found that its iTunes software infringed three patents owned by patent licensing firm Smartflash LLC. Though Smartflash ...
FBI Closes In on Anthem Data Hackers
The FBI said it's close to finding the hackers responsible for the attack on health-insurance company Anthem Inc. that exposed personal data on about 80 million customers. Federal Bureau of ...
More Digital U.S. Health Data is Increasing Medical ID Theft
Medical identity theft jumped 22 percent last year as more U.S. health data becomes electronic and easier for cyber criminals to steal from doctors' offices, hospitals and insurers. Incidents of ...
BP Wants Appeals Court To Slash Size of 2010 Gulf of Mexico Spill
BP Plc asked a federal appeals court in New Orleans to review a trial judge's ruling that 3.19 million barrels of oil gushed into the Gulf of Mexico from the company's blown-out well in 2010. The ...
Goldman Sachs Risks Federal Lawsuit Over Mortgage-Backed Securities
Goldman Sachs Group Inc said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before ...
Large Product Liability Awards Made Comeback in 2014
Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more bad news for carmakers with defective parts. Absent for a decade, ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...