Liability News
Merck Will Pay $830M to Settle Securities Suit Over Recalled Heart Drug
U.S. drugmaker Merck & Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart ...
Self-Driving Car Rollout Will Accelerate Under New U.S. Government Plan
Self-driving cars will get closer to appearing on American roads under a U.S. Transportation Department plan to speed their rollout. Regulators will allow automakers that can demonstrate they have a ...
Top Shareholders Urge Ambac CEO to Leave Due to Claims-Payment Delays
Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he ...
Uber Will Help California Ex-Felons Ready for Driver Jobs
Uber Technologies Inc. says it's trying to help people convicted of non-violent felonies in California get jobs as drivers. The company said Wednesday it's steering prospective drivers with felony ...
Wal-Mart Sued by Shooting Victims’ Families Over Sale of Bullets
Wal-Mart Stores Inc , the world's largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used ...
FitBit Accused of Selling ‘Wildly Inaccurate’ Heart Monitoring Devices
FitBit Inc.'s heart monitoring devices are called "wildly inaccurate" in a lawsuit accusing the company of false advertising. Devices sold by the leading maker of fitness trackers "are mis-recording ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
Volkswagen, Slammed by Emissions Lawsuit, Pledges U.S. Car Fixes
Volkswagen AG vowed to emerge from the diesel scandal even as authorities in the U.S. toughen their stance. "We are confident we will find good solutions for the affected U.S. vehicles," Herbert ...