Litigation/Liability Trends
NHL Sued by Ex-Players Over Culture of ‘Extreme Violence’
The National Hockey League was sued by nine former players who claim a culture of "extreme violence" resulted in head injuries and subsequent long-term consequences related to trauma. The NHL has ...
U.S. EPA Plans to Focus Only on Biggest Polluters
The U.S. Environmental Protection Agency's plan to focus on cracking down on just the largest polluters will deliver "lasting returns" to the American public, its top enforcement official said on ...
Allstate, BofA Agree To End $700M Lawsuit Over Toxic Mortgages
Allstate Corp and Bank of America Corp's Countrywide unit have agreed to dismiss a lawsuit stemming from $700 million of toxic mortgage debt, according to a court filing on Tuesday. The parties "have ...
Jury Hits Drugmakers With $9B in Punitive Damages
Takeda Pharmaceutical Co. Ltd. said it would contest $6 billion in punitive damages imposed by a U.S. federal jury in a case alleging that Japan's largest drugmaker had concealed cancer risks ...
U.S. SEC Forms Group to Probe Private Equity, Hedge Funds
The U.S. Securities and Exchange Commission (SEC) has put together a dedicated group to examine private equity and hedge funds, after the 2010 Dodd-Frank law required the funds to be regulated, ...
Instagram, Crowdsourcing and the New Risks of Emerging Technology
At its peak in 1996, Kodak—then the world's largest camera maker and photo film supplier—had revenues in excess of $16 billion and employed more than 145,000 people. But after 130 years in ...
Bank of America to Pay $228M to Settle Forced-Place Insurance Claims
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed. The amount was disclosed in a ...
White House Launching Executive Actions on Pay Equality for Women
President Barack Obama will launch two new executive actions this week aimed at increasing transparency about women's pay in a continuing effort to ensure women are paid equally to their male ...