Litigation/Liability Trends
Tokio Marine Says Greensill Obtained Policies Fraudulently
Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would ...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their ...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
The Boy Scouts of America's sexual abuse compensation fund may force insurers to make payments they can't negotiate over, even if the claims are fraudulent, a group of the companies argued in court. ...
Bayer Reaches $80M PCB Contamination Settlement With Ohio
Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company's Monsanto business, the state ...
J&J’s Victory Over Cancer Victims Clears Path for 3M, Others
A court ruling allowing Johnson & Johnson to use a controversial bankruptcy strategy to force cancer victims into potential settlement talks has raised the odds that other companies facing costly ...
Court Reverses Prior Coverage Decision on Target Cyber Breach: Chubb Must Pay
In an "extraordinary remedy" of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the ...
Google Accused in Lawsuit of Systemic Bias Against Black Employees
A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them less and denies them ...
Alnylam Files Patent Infringement Lawsuits Against Pfizer, Moderna
Alnylam Pharmaceuticals Inc. on March 17 filed lawsuits in Delaware federal court against Pfizer Inc. and Moderna Inc., claiming their multibillion-dollar mRNA COVID-19 vaccines infringe on its ...