Litigation/Liability Trends
Ohio Pension Fund Files Suit Against Banks Alleging CDS ‘Conspiracy’
A U.S. pension fund has initiated a class action lawsuit against a group of the world's largest banks, accusing them of "conspiring" to scuttle competition in the $27 trillion credit default swap ...
MBIA, Bank of America Reach $1.6 Billion Settlement
Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies ...
Patent Claims Cause Firms to Drop Business Lines: Study
Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to exiting their business altogether, according to a study from ...
Florida Lawmakers Approve Medical Malpractice Reform
In a victory for medical malpractice insurers and physicians, Florida lawmakers have approved a series of tort reforms that among other things will require expert witnesses testifying against ...
When & Where Apologies Make Sense In Insurance Claims Situations
Despite the prevalence of apologies—think Lance Armstrong, Tiger Woods, Mel Gibson and Bill Clinton—the idea of offering an apology as a result of a claim is rarely considered in the insurance ...
EU Weighs Trade Action to Improve Safety After Bangladesh Factory Tragedy
The European Union is considering trade action against Bangladesh, which has preferential access to EU markets for its garments, in order to pressure Dhaka to improve safety standards after a ...
New Trial Dates Set for Apple vs. Samsung $450M Patent Dispute
A federal judge has set new trial dates in November to decide whether $450.5 million of damages awarded by a jury to Apple Inc. in a patent dispute with Samsung Electronics should stand, according to ...
Penn State to Newtown to Boston: Victim Compensation Expert Feinberg Gets the Call
His work has immersed him in events that read like a roster of recent catastrophes, from 9/11 to the Gulf oil spill. Now, Kenneth Feinberg is adding the Boston Marathon bombings to that list. The ...