Industry News
The former Deutsche Bank AG employee suing the German lender for around €152 million ($165 million) over a criminal case was a top manager from its asset and wealth management division, Dario Schiraldi. Schiraldi filed the suit in the Frankfurt …
Via: Claims Journal
A delivery driver has won $50 million in a lawsuit after being seriously burned when a Starbucks drink spilled in his lap at a California drive-through, court records show. A Los Angeles County jury found Friday for Michael Garcia, who …
Via: Claims Journal
Four former Citigroup Inc. equity sales traders filed wrongful termination claims against the U.S. bank in Hong Kong this month, after a court in the city ruled that one of their ex-colleagues shouldn’t have been summarily dismissed in 2019. Christopher …
Via: Claims Journal
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Via: Claims Journal
Cable outlet Newsmax Media has paid $40 million to settle allegations it defamed Smartmatic by reporting false claims that the voting machine company helped rig the 2020 U.S. election for Joe Biden over Donald Trump, according to a regulatory filing. …
Via: Claims Journal
Indian IT services provider Infosys said it had reached an agreement with the plaintiffs of lawsuits pending against its U.S. unit over the 2023 cyber incident. Infosys McCamish Systems has agreed to pay $17.5 million into a fund to settle …
Via: Claims Journal
A Missouri judge has ordered Abbott Laboratories and Reckitt Benckiser unit Mead Johnson to face a new trial over allegations that they failed to warn a mother about the risks of their specialized baby formulas for premature infants, re-opening a …
Via: Claims Journal
California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that the company can justify the hike with data in …
Via: Claims Journal
A federal judge in New York said he denied Live Nation Entertainment Inc.’s attempt to narrow the Justice Department’s antitrust case seeking to break off Ticketmaster Entertainment Inc. after the companies merged more than 15 years ago. US District Judge …
Via: Claims Journal
Southern California Edison will begin its first close-up physical inspections of certain power equipment under investigation for possible links to the start of the Eaton Fire in Los Angeles early this year, Edison International CEO Pedro Pizarro told Reuters at …
Via: Claims Journal