Litigation/Liability Trends
Court Rejects BP Appeal of Gulf Oil Spill Settlement Terms
BP Plc must abide by terms of a $9.2 billion settlement it reached with victims of the 2010 oil spill, a federal appeals court ruled in rejecting the company's objections that the deal is being ...
Some Employers Find Excuses to Fire Pregnant Employees
The Pregnancy Discrimination Act of 1978 makes it illegal for a woman to be fired just because she is pregnant. But that doesn't stop it from happening, according to new research by Reginald Byron, ...
Insurers Took Some of Cyber Breach Impact, Target Says
Target Corp. shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe ...
NY Court Revives Assured Guaranty’s Damage Claims Against Credit Suisse
A New York appeals court on Thursday revived Assured Guaranty Corp.'s claims for certain damages in its lawsuit against Credit Suisse Group AG over allegedly defective loans underlying ...
Zynga Shareholder Suit Dismissed
Zynga Inc. has won the dismissal of a lawsuit in which shareholders accused the online gaming company of fraudulently misleading them about its financial and business prospects before and after its ...
Supreme Court Allows Consumer Class Actions to Move Forward in Whirlpool, Sears Case
The U.S. Supreme Court gave consumers a victory on Monday by allowing them to proceed with class-action lawsuits alleging that millions of front-loading washing machines they bought suffered from ...
Supreme Court Divided on EPA Climate Case
The Supreme Court appeared divided on Monday over the sole Obama administration program already in place to limit power plant and factory emissions of gases blamed for global warming. The justices ...
Obamacare Could Lead to Medical Cost-Sharing, Other Effects on P/C: IRC
The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to ...