Industry News
Deutsche Bank AG has settled a court case brought by Dario Schiraldi, a former manager who’d sued the lender for allegedly damaging his career by wrongfully blaming him in the Monte dei Paschi accounting affair. No terms on the settlement …
Via: Claims Journal
Accenture Plc, a management and technology consulting company, has agreed to pay $25 million to resolve allegations by the U.S. Justice Department that it took race and sex into consideration when making hiring and promotion decisions. The Justice Department said …
Via: Claims Journal
Abbott Laboratories agreed to pay $385 million to settle U.S. allegations related to poor manufacturing practices at two facilities, including one involving an investigation of a contaminated facility that made powder infant formula. The accord resolves claims that the company …
Via: Claims Journal
China’s industry ministry unveiled a roadmap last week to strengthen its smart electric vehicle industry, targeting large-scale deployment of autonomous-driving vehicles by 2030 and greater global influence for its auto sector. Key targets and policy measures include: Vehicles with self-driving …
Via: Claims Journal
Chemours, DuPont and Corteva last week reached a $455 million settlement with North Carolina and 11 local entities over PFAS contamination claims tied to Chemours’ Fayetteville Works plant and other historical discharges. Lawsuits accusing major chemical companies of polluting U.S. …
Via: Claims Journal
Elon Musk’s X Corp and SpaceXAI said on Monday they have resolved their lawsuit in federal court in Texas that had accused Apple of conspiring to unlawfully monopolize markets for smartphones and generative AI chatbots. In a court filing, X …
Via: Claims Journal
The 15,000-word manifesto boils down to five words: People matter more than AI.
Via: Claims Journal
U.S. Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory …
Via: Claims Journal
Almost 300 women who say they were sexually abused by former Harrods owner Mohamed Al Fayed want as much as £150 million ($203 million) in compensation from the luxury department store, more than double the amount it’s set aside. The …
Via: Claims Journal
Bayer’s Monsanto unit heads to a Missouri state court on Monday seeking approval of a $7.25 billion settlement that could resolve tens of thousands of U.S. lawsuits alleging that its popular weedkiller Roundup causes cancer. In a pivotal test of …
Via: Claims Journal