CrowdStrike Sued by Shareholders Over Huge Software Outage August 1, 2024 By Jonathan Stempel CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing...
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...
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...
Wells Fargo Must Face Lawsuit Over Sham Job Interviews July 30, 2024 By Jonathan Stempel A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring...
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...
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...
Banks Need to Prioritize Spending on Cyber Defenses, ECB Says July 26, 2024 By Nicholas Comfort and Verena Sepp The European Central Bank said lenders in the region need to keep investing in their ability to respond to attacks...
J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy July 26, 2024 By Jonathan Randles, David Voreacos and Steven Church Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands...
Rivian to Face Trial in Tesla Trade Secrets Theft Case, Judge Says July 24, 2024 By Surbhi Misra Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon...
Insurers Settle With Hotel in Case of Woman Videotaped in the Shower July 22, 2024 By William Rabb Four insurance companies, unable to escape a duty to defend a New York hotel where a young woman was secretly...