Archive for August 2024
Ford to Recall About 85,000 Vehicles Due to Risk of Engine Fire
Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of an engine failure, engine oil and … Source: Claims Journal
Read MoreGSK to Seek Dismissal of Florida Case Against Heartburn Drug Zantac
British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday … Source: Claims Journal
Read MoreChevron to Pay $550 Million Settlement to Richmond, California
Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond … Source: Claims Journal
Read MoreIce Cream Museum Sued by Man Who Says He Broke Ankle Jumping into Sprinkle Pool
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is … Source: Claims Journal
Read MoreNeutralizing Aftershock: Managing Claims in Response to Shock Verdicts
Shock verdicts remain on the rise nationally. They are generally recognized as awards exceeding $10 million that often defy rationale in relation to actual damages. These nuclear verdicts tend to occur in jurisdictions considered judicial warzones, such as Nevada, Pennsylvania, … Source: Claims Journal
Read MoreJ&J Eyes Texas as Venue for Next Round of Baby Powder Fight
Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, … Source: Claims Journal
Read MoreRBC’s Former CFO Sues Bank for $36M for Wrongful Termination, Citing Gender Stereotyping
Royal Bank of Canada’s former CFO Nadine Ahn has filed a wrongful-termination lawsuit against the bank, and alleged that “gender-based stereotyping” was at play in her dismissal. In April, RBC, Canada’s biggest bank, said it had terminated Ahn after its … Source: Claims Journal
Read MoreWall Street Firms to Pay $470M to Settle With Regulators Over Texting
Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on … Source: Claims Journal
Read MoreSecond U.S. Judge Blocks FTC Ban on Worker Noncompete Agreements
A federal judge in Florida has temporarily blocked a U.S. Federal Trade Commission rule that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses, becoming the second judge to rule that the … Source: Claims Journal
Read MoreFirst Street Finds Most Debby-Damaged Homes Outside Flood Zone, Without Coverage
More than three-fourths of properties flooded by Hurricane Debby were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from where the … Source: Claims Journal
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