Liability News
Wells Fargo, Ex-CEO Fail to Squash Shareholder Lawsuit Over Fake Accounts
A federal judge denied Wells Fargo & Co.'s request to dismiss a shareholder lawsuit triggered by the bank's plummeting stock price after it admitted in 2016 to creating millions of fake accounts, ...
Ohio Alleges Pharma Distributors Helped Propel Opioid Epidemic
Ohio on Monday accused four major pharmaceutical distributors of ignoring their responsibilities to ensure that opioids were not being diverted for improper uses, contributing to a drug abuse ...
Gilead Wins as Judge Reverses Record $2.54B Hepatitis C Drug Patent Verdict
A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc. to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by ...
Workplace Romances Getting Heightened Liability Scrutiny
It happens in so many workplaces – two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees ...
L.L. Bean Slapped With Breach of Warranty Suit After Ending Lifetime Return Policy
L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The complaint, filed this ...
EU Regulators Warn of Cryptocurrency Pricing Bubble
Virtual currencies such as bitcoin have shown clear signs of a pricing bubble and consumers could lose all their money, the European Union's banking, securities and insurance watchdogs said on ...
Takata Clears Path Out of Bankruptcy by Settling Air Bag Claims
Takata Corp.'s U.S. operations, pushed into bankruptcy by the largest automotive recall in U.S. history, settled with two groups representing victims of its faulty air bags, the company said in court ...
Uber Will Pay $245M of Its Own Shares to Settle Waymo Self-Driving Auto Dispute
Uber Technologies Inc will pay $245 million worth of its own shares to Alphabet Inc's Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber's new chief executive ...