Industry News
As China’s political elite gathered for the annual National People’s Congress in Beijing last week, auto executives offered a range of ambitious policy proposals aimed at propelling the industry into the next era of smart mobility. From flying cars to …
Via: Claims Journal
IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously …
Via: Claims Journal
French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching …
Via: Claims Journal
Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, …
Via: Claims Journal
Social media platform X went down for nearly 12,000 users on Monday, which owner Elon Musk said was the result of a cyberattack. “There was (still is) a massive cyberattack against X. We get attacked every day, but this was …
Via: Claims Journal
New York’s Attorney General filed a lawsuit against National General and Allstate Insurance Co. for failing to protect New Yorkers’ personal information from cyberattacks. Letitia James’ office today filed the suit from incidents in 2020 and 2021, when National General …
Via: Claims Journal
The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role fossil fuels have played in …
Via: Claims Journal
First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South Carolina were consumed by voracious flames. More than 100 fires ignited in the state last weekend — an unusually high …
Via: Claims Journal
Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry Regulatory Authority probes into its supervision and compliance practices, including failure to respond to “red flags” of potential misconduct. The brokerage regulator said on …
Via: Claims Journal
The U.S. Department of Labor is investigating Scale AI, a data labeling startup backed by tech giants Nvidia, Amazon and Meta, for its compliance with the Fair Labor Standards Act, the California-based firm said. The investigation is looking into Scale …
Via: Claims Journal