litigation News

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. …

Insurers Brace For Coronavirus Hit to ‘Event Driven’ D&O Line

What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed to have developed a vaccine for COVID-19. There are …

Native American Casino Owner Sues Lloyd’s, AIG Over Coronavirus Losses

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in …

Virus Threatens to Unleash Lawsuits Against Global Business

The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps to protect people. Shareholders can …

Building Information Modeling Pitched as Claims Management Tool

GARDEN GROVE, Calif. — As an attorney who focuses on construction litigation, Vasko C. Alexander says he has spent a good part of his legal career inside mediation sessions where contractors, subcontractors, owners and architects blame one another for whatever …

Apple to Pay Up to $500 Million to Settle U.S. Lawsuit Over Slow iPhones

Apple Inc. has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlement …

Bayer Cools Prospect Of Imminent Glyphosate Settlement

German drugs and pesticides company Bayer was at pains on Thursday to quell expectations it was nearing an out-of-court settlement laying to rest claims its glyphosate-based cause cancer. Bayer said after publishing its earnings outlook for 2020 it was in …

Bayer’s Roundup Woes May Force It to Sell Assets or Borrow

Bayer AG acknowledged for the first time that lawsuits related to the controversial weed killer Roundup could force it to sell assets, issue new equity or borrow money at unfavorable terms. In its annual report published Thursday, Bayer said that …

Bayer Roundup Mediator Is ‘Optimistic’ With Talks Heating Up

Bayer AG’s settlement talks over tens of thousands of lawsuits alleging its Roundup herbicide causes cancer are heating up as the company’s lawyers meet with individual attorneys representing consumers across the U.S., according to people familiar with the negotiations. The …

United Steelworkers Sues EPA Over Weakening of Chemical Safety Rule

NEW YORK — The United Steelworkers sued the U.S. Environmental Protection Agency in federal court on Thursday in a bid to reverse its gutting of a safety rule at chemical plants, the union said. The largest U.S. industrial union’s lawsuit …