Litigation/Liability Trends
Half of $17B Litigation Funding ‘Industry’ Money Spent in the U.S.: Swiss Re
Litigation funding has become a $17 billion industry globally, with 52 percent of that money being spent in the United States, Swiss Re said in a report released Thursday. The reinsurer said ...
Goldman Sachs Will Again Face Crisis-Era Securities Fraud Class Action Lawsuit
Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities ...
Florida Jury Awards $100 Million in Trial Involving Bitcoin Pioneers
Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner, which claimed it was owed ...
Facebook Faces $150M Class-Action Lawsuit From Rohingya Refugees Over Myanmar Violence
Rohingya refugees from Myanmar are suing Meta Platforms Inc, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate ...
U.S. SEC Investigating Tesla Over Whistleblower Claims on Solar Panel Defects
The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks ...
Four Employees Sue Bristol Myers for Refusing COVID-19 Vaccine Religious Exemptions
Bristol Myers Squibb Co was sued on Wednesday by four employees who said the drugmaker refused to grant them religious exemptions from its COVID-19 vaccination requirement, and threatened to fire ...
Insurers Taking Note of Big Verdicts, But Trial Lawyers Don’t Expect Big Changes
When CVS Pharmacies announced that it was closing 900 stores around the country just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, some saw ...
Finland Struggling to Stop Malware Attack Spread by Text Messages
Finland is working to stop a flood of text messages of an unknown origin that are spreading malware. The messages with malicious links to malware called FluBot number in the millions, according to ...