scandal News

Viewpoint: The Case of the Art Scandal

What makes a work of art valuable? Many factors can contribute to the value of art, first and foremost being the popularity of the artist, their sales records, and their place in the cannon of art history. Other attributes such …

Ohio Can Sue VW Over Emissions Scandal, State’s Top Court Rules

Ohio’s Supreme Court on Tuesday cleared the way for the state’s attorney general to move forward with a lawsuit against Volkswagen AG over its “Dieselgate” scandal and manipulation of emissions-control systems. The court ruled 6-1 that the federal Clean Air …

Travelers Sets Aside ‘Modest’ Funds for Child Sex-Abuse Claims

Travelers Companies Inc has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer’s finance chief, Daniel Frey, told analysts during an earnings call on Thursday. Two analysts asked about Travelers’ …

Viewpoint: How Engineering Fraud Inspired Birth of the American Policyholder Assn.

The morning dawned cold and gray on Feb. 18, 2015 in Uniondale, N.Y. Law enforcement officers gathered outside the offices of HiRise Engineering.1 It was a leading engineering firm that issued storm-damage causation reports for some of the nation’s largest …

Facebook Pays Record $5 Billion to Settle U.S. Privacy Claims

Facebook Inc. agreed to pay a record $5 billion to resolve a U.S. investigation into years of privacy violations, a settlement that increases the board of directors’ responsibility for protecting users’ data while changing little about the company’s lucrative advertising …

News Corp Investors Face Long Odds Over Hacking

News Corp shareholders angry over the hacking scandal engulfing Rupert Murdoch’s media conglomerate face an uphill fight trying to hold company executives and directors responsible in court. In the nearly six weeks since the scandal erupted, shareholders have seen roughly …