Litigation/Liability Trends
Report: Feds Won’t Call Ex-AIG CEO Greenberg to Testify in Bailout Trial
It looks like the U.S. government won't be calling ex-AIG CEO Maurice "Hank" Greenberg to testify in his $25 billion-plus lawsuit over federal bailout funds the insurance giant was forced to take ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
Monsanto Resolves GMO Wheat-Related Farmer Lawsuits
Monsanto Co. said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing ...
Liberty Mutual: Most Parents Lack Extra Coverage For Play Dates
Most parents lack umbrella liability insurance for everyday routines such as carpooling and hosting other children in their homes, Liberty Mutual determined in a new survey. The auto and home insurer ...
World Bank May Help Indemnify Ebola Vaccine Makers
The World Bank may help indemnify Ebola vaccine makers in case any liabilities arise, as countries and international aid groups support drugmakers racing to develop preventions for the virus. ...
HSBC Slammed By Turkey Cyber Attack; 2.7M Customers’ Bank Data Lost
HSBC Holdings Plc's Turkish unit said it lost 2.7 million customers' bank data in a cyber-attack, after a similar security breach at JPMorgan Chase & Co. The hack resulted in the theft of data on ...
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
AIG Chairman: Corporate Behavior Can Be “Stupid,” Not Criminal
American International Group Inc. Chairman Steve Miller said prosecutors must distinguish between management blunders and criminal actions when investigating corporate behavior. "A lot of executives ...