Litigation/Liability Trends
UK Charges Ex-UBS Trader In LIBOR Probe
Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest ...
FDA Urges Protection of Medical Devices From Cyber Threats
The U.S. Food and Drug Administration, citing potential cyber threats to medical devices, on Thursday urged medical device makers, hospitals and other medical facilities to upgrade their protections ...
Analysis: Why Bankrupt W.R. Grace Is Thriving
A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace & Co and its surging sales to ...
Cost of Factory Safety in Bangladesh on $22 Jeans: 99 Cents
In Bangladesh, the difference between a safe factory and an unsafe one comes down to a few cents. For just pennies per t-shirt or pair of trousers produced, garment manufacturers could build ...Judge Orders The Hartford to Pay $20M to Auto Body Shops
A Connecticut judge has ordered The Hartford insurance company to pay $20 million to auto body shops for an unfair trade practice related to hourly labor rates for vehicle repairs. The judge's ...
Chubb Must Face Bear Stearns Lawsuit Over SEC Settlement Coverage
Chubb Corp.'s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, ...
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...
Obama Orders Patent Changes to Combat Abuses
President Barack Obama announced a series of actions aimed at protecting technology, finance and retail companies from lawsuits and demands for fees by businesses that abuse the patent system. The ...