Archive for March 2024

The U.S. Department of Justice on Thursday sued Apple, the first major antitrust effort against the iPhone maker by the Biden administration, alleging it monopolized smartphone markets. Apple joins a list of major tech companies sued by U.S. regulators, including … Source: Claims Journal

The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of $400,000 in civil penalties for making false … Source: Claims Journal

There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred his pastures … Source: Claims Journal

The Biden administration moved Wednesday to throttle pollution from the nation’s cars and light trucks, imposing tailpipe emission limits so stringent they will compel automakers to rapidly boost sales of battery-electric and plug-in hybrid models. Though the near-term requirements were … Source: Claims Journal

Boeing Co. needs to shift its focus from the business of making planes toward safety in the wake of recent findings on lapses surrounding the January failure of a fuselage panel, the top US aviation regulator said. Federal Aviation Administration … Source: Claims Journal

Dutch airline KLM misled customers through advertisements that suggested its flights are climate friendly, an Amsterdam court ruled. KLM makes climate claims in advertisements that are “based on vague and general statements about environmental benefits, thereby misleading consumers,” the district … Source: Claims Journal

Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are worth your attention. “Especially for those in the … Source: Claims Journal

TKO Group Holdings Inc., parent of the Ultimate Fighting Championship mixed-martial arts league, settled two class-action lawsuits involving its fighters for a total of $335 million. The settlement will be paid in installments over an agreed upon period of time, … Source: Claims Journal

Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 … Source: Claims Journal

A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 … Source: Claims Journal