Industry News
A California man was sentenced Monday to four years in prison for seeking to win a $100 million lawsuit by making false sexual assault claims against Hollywood executives. Rovier Carrington, 34, of Los Angeles was sentenced in Manhattan federal court …
Via: Claims Journal
Record rain falling on melting snow and high winds have caused flooding, power outages and grounded flights across the Mid-Atlantic and Northeast, including New York, in the US. Through midnight, Manhattan’s Central Park received 1.73 inches (4.4 centimeters) of rain, …
Via: Claims Journal
LONDON — Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and damaged around 2,000 properties, consultants PwC said on Wednesday. Heavy rain caused major rivers to burst their banks and the …
Via: Claims Journal
FORT WORTH, Texas (AP) — An explosion at a historic Texas hotel in Fort Worth on Monday blew out windows, littered downtown streets with large sections of debris from the building and injured 21 people, including one who was in …
Via: Claims Journal
Class-action and government enforcement lawsuits continued to take a toll on corporate defendants in 2023, with ten $1 billion settlements and a total cost of $51.3 billion, according to a report released Tuesday by the DuaneMorris law firm. The total …
Via: Claims Journal
Netflix has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was hindering its growth. A Texas-based investment trust sued in May 2022, after …
Via: Claims Journal
Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023, down from the previous year but still above the long-term average, Munich Re said on Tuesday. …
Via: Claims Journal
Air-safety officials probing last week’s fuselage blowout on a Boeing Co. 737 aircraft have turned their attention to four bolts they’ve been unable to locate and said they may widen their investigation beyond the Max 9 variant after multiple airlines …
Via: Claims Journal
Sotheby’s abused its “privilege, power and reputation” to help dupe a Russian billionaire out of millions of dollars as he amassed a world-class art collection, a lawyer for the businessman argued on the first day of a closely watched trial …
Via: Claims Journal
Elon Musk’s reported drug use has Tesla Inc. board members facing a familiar quandary: having to decide what, if anything, to do about the chief executive subjecting directors and shareholders alike to great financial and legal risk. The Wall Street …
Via: Claims Journal