Litigation/Liability Trends
SEC Alleges Kansas Avoided Revealing Pension Bond Liability
The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a "multibillion-dollar" pension liability to bond investors. Documents for eight bond offerings in 2009 and 2010 by ...
Home Depot Targeted In Lawsuit Over Missouri Tornado Deaths
A woman whose husband and two children were among eight people killed while taking cover in a Home Depot during the 2011 Joplin, Mo., tornado contends in a wrongful death lawsuit that the building ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Security Pros See Insurance Pricing, Product Liability as Cybersecurity Tools
Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though ...
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...
Rhode Island’s Tobacco Debt Deal Draws Oppenheimer Lawsuit
Rhode Island's plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates the rights of current bondholders to ...
Research Shows Ripple Effect of Emergency Room Closings on Nearby Hospitals
In the first analysis of its kind, UC San Francisco research shows that emergency department closures can have a ripple effect on patient outcomes at nearby hospitals. In a study of more than 16 ...
GM Compensation Fund Opens; Hundreds of Claims Expected
Lawyers say several hundred claims are expected to be filed at the start of a GM-financed program, which launched Friday to compensate victims of a faulty ignition switch on some of its vehicles. ...
McDonald’s Corp. Risks Liability in Employee Complaints, NLRB Rules
McDonald's Corp, not just its franchisees, can be held liable in complaints that the company violated employee rights, an official at the U.S. National Labor Relations Board said in a letter made ...