Archive for July 2019

The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it acquired Monsanto Co. While thousands of damage claims over Roundup have grabbed headlines and hogged the attention of investors, the … Source: Claims Journal

The most valuable marijuana company in the U.S. is under fire for how it’s marketing and selling CBD, the trendy cannabis extract now sold at national retailers. The Food and Drug Administration sent Curaleaf Holdings Inc. President Joseph Lusardi a … Source: Claims Journal

Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive information of more than 140 million people. “Companies that profit from personal information … Source: Claims Journal

Greenlight Bets on Cove to Simplify Insurance Purchases Greenlight Re Innovations, a division of Greenlight Re, a specialist property and casualty reinsurer headquartered in the Cayman Islands, announced that it has invested in Cove Ltd, managing general agent based in … Source: Claims Journal

Insurance companies should take note of a recent ruling by the Supreme Court of Texas that closes a “trapdoor” pretrial discovery gambit by plaintiffs’ lawyers that exposed defendants to sanctions for denying negligence in pretrial requests for admissions and then … Source: Claims Journal

Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a … Source: Claims Journal

Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East … Source: Claims Journal

Consolidated Edison Inc. said it would be ready for the heat wave. It wasn’t, and instead was forced to shut off power to prevent damage to its equipment. In all, at least 53,000 customers lost electricity Sunday as a heat … Source: Claims Journal

Statutes allowing plaintiff lawyers to enforce privacy laws through private rights of action are clogging courts and provide no real benefit to consumers, a report from the U.S. Chamber of Commerce’s Institute for Legal Reform (ILR) claims. By contrast, privacy-related … Source: Claims Journal

JACKSON, Ohio — The numbers are staggering: An average yearly total of 107 opioid pills per resident were distributed over a seven-year period in this rural Appalachian county. The newly released federal data is shocking even to people who live … Source: Claims Journal