Oreo-Maker Mondelez Fined $366 Million For Carving Up EU May 23, 2024 By Samuel Stolton Mondelez International Inc. was fined €337.5 million ($366 million) after European Union antitrust watchdogs said the US company illegally thwarted...
Association Says Travel Insurance ‘Will Likely’ Cover Injuries Sustained in Singapore Airlines Incident May 23, 2024 By Sinead Cruise and Noor Zainab Hussain Travel insurance policies “will likely” cover injuries sustained by aircraft turbulence, but policies may vary, the Association Of British Insurers...
Malaysia’s 1MDB Sues Petrosaudi Executive for $1.83 Billion May 23, 2024 By Anisah Shukry and Kok Leong Chan Troubled Malaysian state fund 1MDB has sued Petrosaudi International Ltd.’s executive Patrick Mahony for $1.83 billion over a 2009 joint...
Bristol Myers, Sanofi Liability in Hawaii Plavix Case Grows to $916 Million May 23, 2024 By Brendan Pierson A judge in Hawaii on Tuesday ordered Bristol Myers Squibb and Sanofi to pay more than $916 million to the...
Ex-Citi Official Says She Was Fired for Not Making False Reports May 23, 2024 By Sabrina Willmer Kathleen Martin, a former senior data compliance official at Citigroup Inc., accused the bank of firing her for refusing to...
New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance May 23, 2024 By Chad Hemenway With recent news that Johnson & Johnson is going forward with a third bankruptcy plan of a subsidiary to settle...
Compensation for Injured Passengers on Singapore Airlines Could Vary Dramatically May 23, 2024 By Tom Hals Passengers injured by severe turbulence on a Singapore Airlines flight on Tuesday are likely eligible for compensation, but the amount...
Bankruptcy Judge OKs Genesis Global Plan to Refund $3B to Creditors, Crypto Customers May 23, 2024 A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to...
S&P: 2023 Marked Stall of Rapid Growth in US Cyber Insurance May 22, 2024 By Chad Hemenway S&P Global Market Intelligence weighed in on the U.S. cyber insurance marketplace, reporting that premium dipped in 2023 to end...
Texas to Face Extreme Heat in New Test for Its Power Grid: Weather Watch May 22, 2024 By Brian K. Sullivan Temperatures will soar across Texas this week, increasing demand for energy as people switch on air conditioning to cool down....