Liability News
Three U.S. Drug Distributors Will Pay $75M to Resolve Opioid Claims With Native American Tribe
The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation's territory in Oklahoma, marking the first settlement ...
With Help From Insurers, Stanford Ponzi Scheme Recovery Tops $1 Billion
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the ...
Twitter Will Fork Over $810M to Settle Claim Alleging It Embellished Future Prospects
Twitter Inc. agreed to pay $809.5 million to settle a shareholder class action lawsuit that accused the social media company of painting an overly rosy picture of its future. The suit, originally ...
Ford, Walmart and Argo AI to Jointly Launch Autonomous Vehicle Delivery Service
Self-driving startup Argo AI, automaker Ford Motor Co and Walmart Inc will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on ...
Cognizant Expects Carriers to Foot Bill for $95M Bribery Lawsuit Settlement
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to ...
Boeing Shareholders Allowed to Sue Company Over Two Fatal 737 MAX Crashes
A Delaware judge ruled on Tuesday that Boeing's board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor ...
Insurers Balk at Coverage for New Satellites as Space Debris Swells
An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific ...
Chubb Unit Disputes Aspect of Boy Scouts Sex Abuse Settlement, Complicating Resolution
A dispute over whether a unit of insurance giant Chubb Ltd. must contribute to a trust fund for sexually abused Boy Scouts is complicating talks to end the youth group's bankruptcy case. Lawyers for ...