Industry News
Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its U.S. capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women. In a …
Via: Claims Journal
A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …
Via: Claims Journal
Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from …
Via: Claims Journal
Ohio utility regulators ordered Akron-based FirstEnergy to pay more than $250 million in fines and refunds as a result of its misconduct in a sweeping Statehouse bribery scandal whose fallout continues five years on. The punishment meted out by the …
Via: Claims Journal
The U.S. Supreme Court declined on Monday to hear a bid by a former UBS bond strategist to revive a $2.6 million jury award in his lawsuit accusing the Swiss bank of unlawfully firing him for refusing to publish misleading …
Via: Claims Journal
Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …
Via: Claims Journal
Crawford & Company CEO Rohit Verma is stepping down at the end of the year to take the helm of another firm, and the company has named Crawford veteran W. Bruce Swain, Jr. interim president CEO. Swain, currently the company’s …
Via: Claims Journal
Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by U.S. school districts against Meta and other social media …
Via: Claims Journal
UPS and FedEx Corp. are working to secure enough freighters as they grapple with a ban on a pillar of their air-cargo fleets through the crucial holiday delivery season.
Via: Claims Journal
A whistleblower who accused Wells Fargo & Co. of conducting sham interviews with minority job candidates will now be able to sue the bank over his firing. Wells Fargo lost a bid to place the former employee’s wrongful-termination complaint into …
Via: Claims Journal