Congress News

M&A Legend Martin Lipton Warns of Coming Virus Lawsuit Wave

A push by Republicans in Congress to create stronger liability protections for businesses hammered by the Covid-19 virus won’t completely curb lawsuits over injuries and losses caused by the pandemic, famed M&A litigator Martin Lipton said. Speaking to the Economic …

Companies Fear Coronavirus Liability Lawsuits. So Far, Few Exist

Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus. But so far, court records show few such cases …

Consumer Groups Urge Lawmakers Against Shielding Businesses From Coronavirus-Related Lawsuits

U.S. consumer advocates are urging Congress to resist growing demands by companies for protections from coronavirus-related lawsuits as states start to ease pandemic restrictions and businesses begin to reopen. Led by Public Citizen and the Center for Justice and Democracy, …

Transit Workers Risking Lives With Little Protective Gear

NEW YORK — While many Americans are cloistered inside their homes, transit workers are out there making sure that other essential workers can get to their jobs. But they often lack the masks or gloves they need to protect themselves …

U.S. Corporate Crisis Bailouts May Prove Bonanza For Insider Trading, New Study Warns

WASHINGTON/BOSTON — White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading. …

Paul Tudor Jones Sees Regular Virus Testing, Isolation In Future

Billionaire Paul Tudor Jones said workers in the U.S. should start thinking about resuming a different kind of life after the worst of Covid-19 — one with widespread testing and periodic self-isolation. The legendary trader and hedge fund manager, who …

Public Pressure Growing for Insurers to Be Part of Coronavirus Solution

While legislators in Washington D.C. and states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, outside pressure is mounting on private property/casualty commercial insurers to do more than explain why insurance coverage …

Business Asks Government to Act to Avert ‘Devastating’ Hit

WASHINGTON — The nation’s largest business organization is asking government leaders to act rapidly to help companies have access to cash and avert a “potentially devastating” hit to the economy as the coronavirus pandemic forces closures and quarantines worldwide. In …

U.S. ‘Dangerously Insecure’ in Preparing for Major Cyber-Attacks

The U.S. Cyberspace Solarium Commission — a bipartisan body of lawmakers, intelligence officials and others — warned that the nation is “dangerously insecure in cyber,” and recommended a series of actions intended to avert damaging attacks on critical infrastructure and …

J&J CEO Spurns U.S. Congressional Hearing on Carcinogens in Talc Products

Johnson & Johnson Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics. In an announcement, the House of Representatives Subcommittee …