Industry News
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water vending machine firm that federal prosecutors have called a scam. According to the complaint filed …
Via: Claims Journal
The Australian government said on Thursday it had launched legal action against 3M over contamination from firefighting foam supplied by the U.S. company that contained PFAS, or “forever chemicals,” seeking more than A$2 billion ($1.43 billion) in damages. The claim …
Via: Claims Journal
In the case of County of San Bernardino v. Insurance Company of the State of Pennsylvania, the Ninth Circuit recently addressed the issue of whether general liability policies issued in the 1960s and 1970s included aggregate limits for claims arising …
Via: Claims Journal
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from …
Via: Claims Journal
President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of …
Via: Claims Journal
A U.S. appeals court on Thursday overturned a $59 million verdict that medical device maker Insulet won against Korean rival EOFlow for allegedly stealing trade secrets related to its insulin-pump technology. The Washington-based U.S. Court of Appeals for the Federal …
Via: Claims Journal
The U.S. National Highway Traffic Safety Administration said on Thursday it has opened a preliminary probe into 114,922 Rivian vehicles over an issue with the rear toe link. The issue relates to the company’s R1S and R1T electric vehicles. The …
Via: Claims Journal
CNN on Thursday filed a lawsuit against Perplexity, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. “CNN’s lawsuit stands for the proposition that …
Via: Claims Journal
As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store. A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an …
Via: Claims Journal
A North Carolina jury handed down what may have been the largest personal injury award in state history, five years after a retaining wall collapsed on workers, killing one and injuring four others. The lawsuit in Henderson County, near Asheville, …
Via: Claims Journal