Norfolk Southern Reports $156M in Insurance Payments Following Ohio Derailment August 1, 2024 By Josh Funk Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous East Palestine derailment,...
Appian’s $2 Billion Verdict Against Pegasystems Overturned by Appeals Court August 1, 2024 By Blake Brittain Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival...
Meta to Pay $1.4B to Settle Texas Facial Recognition Data Lawsuit July 31, 2024 By Mike Scarcella and Jody Godoy Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of...
Wells Fargo Sued Over Drug Costs in Employee Health Plan July 31, 2024 By John Tozzi Wells Fargo & Co. was accused of overpaying for prescription drugs by former employees, who claim mismanagement of the bank’s...
GSK Settles Another Heartburn Drug Lawsuit In Illinois July 30, 2024 By Yadarisa Shabong and Shanima A British drugmaker GSK said on Monday it has agreed to confidentially settle a lawsuit in Illinois that alleged its discontinued...
Reckitt Plunges to 11-Year Low on Abbott Infant Formula Verdict July 29, 2024 By Joel Leon and Dasha Afanasieva Reckitt Benckiser Group Plc plunged to an 11-year low on Monday after a verdict against Abbott Laboratories intensified concerns over...
Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation July 29, 2024 By Insurance Journal staff reports Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals”...
Mozambique Wins U.K. $3.1B Suit Against Privinvest Over ‘Tuna Bond’ Scandal July 29, 2024 By Sam Tobin Mozambique has substantially won its $3.1-billion lawsuit at London’s High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in...
Penn National Can’t Avoid Asbestos Coverage Payout, South Carolina Supreme Court Rules July 29, 2024 By Insurance Journal staff reports Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation...
Indivior Reaches $86M Opioid Settlement With 16 U.S. States July 29, 2024 By Jonathan Stempel Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’salleged role in spreading opioid addiction across...