Litigation/Liability Trends
Exploiting ‘Heartbleed’ Bug Aided Massive Hospital System Cyber Attack
Hackers who stole the personal data of about 4.5 million patients of hospital group Community Health Systems Inc broke into the company's computer system by exploiting the "Heartbleed" internet bug, ...
Canada Feds: Rail Disaster Followed Inadequate Company Audit
The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on ...
Lehman Brothers’ Trustee to Distribute $3.5B Toward Claims
The trustee for Lehman Brothers Inc., the defunct brokerage, will distribute almost $3.5 billion on Sept. 10 to general unsecured creditors with $20.4 billion in approved claims. The distribution ...
Cost of Uninsured Motorists Continues to Climb: IRC
There hasn't been much ground gained in the battle to reduce the number of uninsured motorists on the road, according to a new industry report. And experts don't fully understand why a solution to ...
Early Use of Real-Time Data Can Save 25% on Claims: LexisNexis
Carriers that incorporate real time data analytics into the claims process at first notice of loss can more accurately and consistently triage claims, identify potentially fraudulent files and ...
Most Fracking Fluids Neither Toxic nor Harmless; Health Effects Unknown for One-Third
As the oil and gas drilling technique called hydraulic fracturing (or "fracking") proliferates, a new study on the contents of the fluids involved in the process raises concerns about several ...
Bond Insurer Pursues Fraud Claims in Lawsuit Over Detroit Pension Debt
A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...