Litigation/Liability Trends
Lehman’s Australia Creditors Approve $48 Million Insurance Deal
Creditors of Lehman Brothers Holdings Inc.'s Australian unit approved an insurance payment plan allowing them to recover about $48 million of investment losses. U.S. insurers agreed to provide $45 ...
S&P Subpoenas Federal Reserve Board in U.S. Lawsuit
McGraw Hill Financial Inc.'s Standard & Poor's unit seeks information from the board of governors of the Federal Reserve to bolster its defense against U.S. claims it misled investors in ...
‘Look Ma, No Hands’ on Car Steering Wheel Still Some Way Off
When General Motors Co Vice Chairman Steve Girsky slid into a Cadillac SRX luxury crossover vehicle specially equipped to drive itself, his reaction echoed that of many consumers as more self-driving ...Toyota Wins California Wrongful Death Lawsuit Over Acceleration Issues
A jury in California on Thursday found Toyota Motor Corp not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to ...California Sues Corinthian Colleges For Misleading Students
The state of California filed suit against Corinthian Colleges Inc. for misrepresenting job placement rates to its students and investors, employing false and predatory advertising, and for ...
Ex-AIG CEO Greenberg Wins Delay in NY Fraud Case
Former American International Group Chief Executive Maurice "Hank" Greenberg on Thursday won a short reprieve from New York's case accusing him of orchestrating sham transactions at AIG. State ...
University Researchers Question Route-Tracking Potential of UBI Devices
A study by a handful of university professors in Colorado claims user-based insurance programs installed in millions of vehicles can collect data that shows where drivers are going, unbeknownst to ...
Adobe Says Source Code, Customer Data Stolen By Hackers
Adobe Systems Inc. said on Thursday that hackers had stolen source code to some of its most popular software and data about millions of its customers. Security experts worry about the theft of source ...