Litigation/Liability Trends
China-Backed Hackers Suspected in Anthem Cyber Attack
Investigators of Anthem Inc.'s data breach are pursuing evidence that points to Chinese state-sponsored hackers who are stealing personal information from health-care companies for purposes other ...
Anthem Will Take Up to Two Weeks to Identify Hacked Customers
Anthem Inc., the second-biggest U.S. health insurer, said it's going to take about 10 to 14 days to figure out who was affected by a data breach and begin notifying those people. The individuals will ...
Willis Re Unveils Cybersecurity Risk-Measurement Tool
Reinsurance broker Willis Re on Tuesday launched a tool designed to help insurance companies gauge their portfolios' exposure to cybersecurity risks, the latest effort to develop a growing market ...
S&P Will Pay $1.5B to Settle Suits Over Inflated Subprime Mortgage Bond Ratings
S&P, a unit of McGraw Hill Financial Inc., will pay more than a year's profit to settle suits that it inflated ratings on subprime mortgage bonds at the center of the 2008 financial crisis. ...
Uber Internal Review: Privacy Program Needs Improvement
Uber Technologies Inc. should expand its privacy program to improve disclosures, training and employee accountability, according to an internal review that the company commissioned after a ...
Ex-AIG Chairman Greenberg Remains Defiant as Fraud Trial Ramps Up
Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York State's pursuit of him through a decade-old fraud lawsuit is a futile waste of taxpayer money, as the two sides ...
U.S. Currency-Rigging Lawsuit to Proceed Against 12 Big Banks
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. U.S. District ...
Judge: Las Vegas Exec and Company Must Fork Over $584M For Ponzi Scheme
A Las Vegas executive and his company were ordered by a federal judge to pay $584.4 million for running what the U.S. Securities and Exchange Commission called a Ponzi scheme that bilked thousands of ...