Industry News
Alphabet Inc.’s Google must face a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged …
Via: Claims Journal
Citigroup Inc. has resolved a lawsuit filed four years ago by Loomis, Sayles & Co. claiming the bank caused more than $70 million in losses while executing trading orders that swamped the market. The parties on Tuesday told a federal …
Via: Claims Journal
Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion. The Bermuda-based sidecar, West Grove Re, will share premiums and losses for a portion of Talcott’s US-based annuities, the …
Via: Claims Journal
New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who …
Via: Claims Journal
Michigan health officials on Tuesday reported 11,508 cases linked to a cyclosporiasis outbreak, up by more than 200 from the previous day’s update. The state also reported the first two deaths associated with the outbreak, noting that both individuals had …
Via: Claims Journal
A Florida appeals court has upheld a $103 million jury award against Ford Motor Co. after a modified Ford Mustang exploded in 2017 and left the owner with severe burns over much of his body. The appeal was centered on …
Via: Claims Journal
Southern California Edison equipment sparked a January 2025 wildfire that killed 19 people in the Los Angeles area, fire officials said. The Eaton Fire was caused by electrical arcing events that took place on an out-of-service tower on a dry …
Via: Claims Journal
A unit of OpenAI has reached a settlement with the U.S. Justice Department to resolve allegations that the California-based artificial intelligence company discriminated against U.S. workers. The Justice Department alleged that OpenAI OpCo LLC and one of its subsidiaries violated …
Via: Claims Journal
The National Highway Traffic Safety Administration said on Monday that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto safety …
Via: Claims Journal
Apple on Monday asked a U.S. judge for a preliminary injunction barring two former employees and OpenAI from accessing, acquiring, using or disclosing alleged confidential information as it moves ahead with its trade secrets case. Apple last month sued OpenAI …
Via: Claims Journal