directors and officers liability insurance News
Morgan Stanley Race Bias Lawsuit Sent Instead to Private Arbitration
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John ...
Judge Affirms $4.69B J&J Talc Verdict; Company Promises Appeal
A Missouri trial court judge has affirmed the massive $4.69 billion verdict against Johnson & Johnson in a case involving 22 women and their families who alleged the company's talc-based ...
Musk Sued by Tesla Investors Alleging Fraud Over Tweets on Going Private
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the ...
Verdict Hits Monsanto With $289M in Damages for Roundup Weed Killer Cancer Trial
Monsanto Co. was socked with $289 million in damages in the first trial over claims that its Roundup weed killer causes cancer. Lee Johnson, a former school groundskeeper whose doctors didn't think ...
Allergan Sues Pfizer Over Potential Opioid Lawsuit Damages
Allergan Plc sued Pfizer Inc. to cover any potential damages that the drugmaker might be forced to pay as a result of the hundreds of lawsuits it faces over its alleged role in the opioid crisis. ...
Wells Fargo Suit Alleges Bank Encouraged Use of Hidden Fees in Finance Programs
Wells Fargo & Co has been hit with a lawsuit by a Texas jewelry company accusing it of encouraging thousands of retailers nationwide to charge hidden fees to customers using financing programs ...
Wells Fargo Settles Phony Bank Account Scandal for $142M
Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening ...
Liability Twist: Massachusetts Sues Purdue Execs, Directors Over Opioid Crisis
Massachusetts on Tuesday filed a lawsuit against Purdue Pharma LP, accusing the OxyContin maker of illegally promoting the use of opioids, and became the first state to sue the drugmaker's executives ...