Litigation/Liability Trends
Schwab Drops Its Class-Action Waiver Requirement… for Now
Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry ...
Will Supreme Court Enter Climate Change Debate?
With a barrage of legal briefs, a coalition of business groups and Republican-leaning states are taking their fight against Obama administration climate change regulations to the U.S. Supreme Court. ...
Copyright Owners Blocked from Suing Google’s YouTube in Class Action
A U.S. judge on Wednesday denied class-action status to copyright owners suing Google Inc. over the use of material posted on YouTube without their permission. U.S. District Judge Louis Stanton in ...
Court Dismisses Bond Insurer Fraud Claims Against Goldman Over Abacus CDO; Appeal Planned
Goldman Sachs Group Inc. won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus. In a 3-2 decision, a New York state appeals ...
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...
Wide Range Of Firms Uninsured For Environmental Losses: IUA Analysis
A London market association published a research paper last week, which highlights scenarios in which non-industrial insureds face environmental losses—and are not covered for them under standard ...U.S. Cyber Attack Threat Is Constant, Getting Worse: Top General
The top U.S. general in charge of cyber security warned on Tuesday that the United States is increasingly vulnerable to attacks like those that destroyed data on tens of thousands of computers in ...
The New Age Of Technology: 3-D Printing
Earlier this year, scientists from Cornell University successfully created an artificial human ear by printing it on a 3-D printer. Created by squirting living cells into an injection mold, the ears ...