Archive for June 2024

Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’ recordings to train music-generating AI systems. The companies copied … Source: Claims Journal

The Claims and Litigation Management Alliance named Susan Wisbey-Smith president and Tina Pernie head of strategy and operations. Wisbey-Smith and Pernie have worked within the association, or its affiliate, The Institutes, in previous posts. Wisbey-Smith began her insurance career after … Source: Claims Journal

The head of the Homeland Security Department said that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned about … Source: Claims Journal

U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must … Source: Claims Journal

More U.S. auto dealers flagged a hit from an outage of CDK’s software system due to a cyber attack on Monday as the company worked to restore systems used by over 15,000 retail locations across North America. AutoNation, a leading … Source: Claims Journal

Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. The proposed … Source: Claims Journal

Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for several years, … Source: Claims Journal

A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a suit claiming he was wrongfully fired over his cooperation with a federal spoofing probe. Donald Turnbull’s lawyer said in a … Source: Claims Journal

The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report on U.S. … Source: Claims Journal

A California regulator said it is imposing the maximum penalty of $112,500 on General Motors’ self-driving Cruise unit for the company’s failure to promptly provide complete information to the commission about a seriouscrash involving one of its robotaxis last year. … Source: Claims Journal