Industry News
China’s Alibaba said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant. Alibaba denied wrongdoing, saying it entered the settlement to avoid the cost …
Via: Claims Journal
Barclays Plc won a bid to cut more than half of the value of a London lawsuit brought by investors over allegations about its dark pool trading system after a judge struck out a series of claims. More than 100 …
Via: Claims Journal
Economists nudged up quarterly U.S. economic growth projections through early next year on more sanguine views of consumer demand and maintained views that limited inflation will keep the Federal Reserve on a path toward lower borrowing costs. The slight upward …
Via: Claims Journal
New vehicle registrations in California seem to be leveling off, while consumer tastes for Telsas cooled slightly. California’s new light vehicle registrations fell by 1.7% from a year earlier, totaling 1,320,708 units, an outlook covering the first three quarters of …
Via: Claims Journal
Halliwell USA named Tracey D. Dodd to the position of president. Dodd will lead the company’s market facing efforts, brand development, and growth strategy, including a new environmental consulting service. Dodd heads up Halliwell’s U.S. operations with Chad Zielinski. As …
Via: Claims Journal
Alcohol-fueled company events could become a thing of the past, as UK employers consider new rules that place an onus on firms to protect workers from sexual harassment or risk hefty damages claims. Under a new law, companies will have …
Via: Claims Journal
BHP Group and Vale SA have signed a 170 billion-real ($29.8 billion) settlement with Brazil over the deadly Mariana dam collapse in 2015 at their iron ore joint venture. The settlement, which includes 38 billion reais, or about $6.7 billion, …
Via: Claims Journal
The owner and operator of the cargo ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people, have agreed to pay $102 million to the federal government, the U.S. Justice Department said on Thursday. The department in …
Via: Claims Journal
Meta Platforms Inc., Google, TikTok and Snap will have to face lawsuits brought by school districts in federal court blaming their “addictive” apps for contributing to a mental health crisis among students. The ruling Thursday by US District Judge Yvonne …
Via: Claims Journal
The sex-for-investment scandal that swiftly deposed Australian tech billionaire Richard White is just the latest corporate calamity in a country fast losing its reputation as a tightly-regulated market with strict governance standards. More than A$7.7 billion ($5.1 billion) of market …
Via: Claims Journal