Litigation/Liability Trends
Travelers Ordered to Pay Over $500M in Asbestos-Related Claims
A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville ...
$23B Punitive Damage Award Against R.J. Reynolds Likely to Be Cut: Experts
A decision by a Florida jury to impose punitive damages of $23.6 billion against R.J. Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers ...
New Trends Seen in Jailing of Former Two Sigma Employee for IP Theft
The plan was for Kang Gao to do his exit interview with Two Sigma Investments LLC, a $21 billion quantitative hedge fund in New York, and jump to Citadel LLC, a rival firm in Chicago. Gao never got ...
Five Ex-NFL Players File Suit Against Union for Hiding Concussion Risks
Five former NFL players, including six-time Pro Bowl defensive end Neil Smith, are suing the union for not providing accurate information about the risk of head injuries. The lawsuit on behalf of ...
Wildfire Lawsuit Plaintiffs Get Record Settlement from Aussie Electric Co.
Survivors of one of Australia's deadliest wildfires are to be awarded nearly 500 million Australian dollars in a class-action settlement reached last Tuesday, the largest such compensation in the ...
Lung Experts Urge Ban on E-Cigarettes Citing Unknown Health Impacts
Experts from the world's leading lung organizations have released a position statement on electronic cigarettes, focusing on their potential adverse effects on human health and calling on governments ...
EEOC Toughens Protections for Pregnant Workers
For the first time in 30 years, the federal government is issuing new guidelines designed to protect pregnant workers from on-the-job discrimination. The Equal Employment Opportunity Commission ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...