Litigation/Liability Trends
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6B Deal for Alleghany
At least one shareholder of Alleghany Corp. is unhappy with the insurer's agreement to be bought by Warren Buffett's Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court ...
Judge Finds Tesla Liable to Black Former Worker Who Alleged Bias, but Slashes Payout
A federal judge said on Wednesday Tesla Inc. was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked but reduced a nearly $137 ...
U.S. Gunmakers Urge Judge to Toss Mexico’s $10B Lawsuit
A U.S. judge on Tuesday questioned whether allowing Mexico to sue U.S. gun manufacturers for facilitating the trafficking of weapons to drug cartels would open the door to other countries suing them, ...
Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund
Taking a calculated risk by selling a hazardous product isn't the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch ...
Supreme Court Removes an Obstacle to Malicious Prosecution Lawsuits
The U.S. Supreme Court on Monday eliminated one of the hurdles facing individuals looking to sue for being falsely accused of crimes. In Thompson v. Clark, a majority (6-3) of the high court not only ...
$14M Jury Award for Protesters Comes as Other Cities Face Similar Policing Lawsuits
A federal jury's $14 million award to Denver protesters hit with pepper balls and a bag filled with lead during 2020 demonstrations over the police killing of George Floyd in Minneapolis could ...
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 ...