Archive for August 2024

Intel was sued on Wednesday by shareholders who said the Silicon Valley chipmaker fraudulently concealed problems that led it to post weak results, slash jobs and suspend its dividend, and caused its market value to sink more than $32 billion … Source: Claims Journal

The family of renowned French diver and Titanic expert Paul-Henri Nargeolet is seeking $50 million after he was killed in the implosion of OceanGate’s Titan submersible last year. In a wrongful death lawsuit filed Tuesday in Washington state court, Nargeolet’s … Source: Claims Journal

Ripple Labs Inc. was ordered by a federal judge to pay a civil penalty of $125 million for selling its XRP token to institutional investors, a fraction of what U.S. regulators had sought in a lawsuit against the company. The … Source: Claims Journal

Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm – Hurricane Ian in 2022. This time, though, the plaintiff claims not only breach of contract by a Florida … Source: Claims Journal

GSK Plc convinced an Illinois jury that the former heartburn drug Zantac was not liable for a woman’s colorectal cancer in a second trial win for the British drugmaker. It comes just over two months after jurors in Chicago also … Source: Claims Journal

U.S. auto safety regulator has opened a preliminary evaluation into 77,131 Nissan 7201.T vehicles over reports of an issue with the steering tie rod, it said on Wednesday. The National Highway Traffic Safety Administration said the probe would involve Nissan’s … Source: Claims Journal

Microsoft blamed Delta Air Lines on Tuesday for its dayslong struggle to recover from a global cyber outage that led it to cancel more than 6,000 flights. A software update last month by global cybersecurity firm CrowdStrike triggered system problems … Source: Claims Journal

Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also shows first-year employees are still among those most vulnerable to injury. … Source: Claims Journal

The U.S. Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer zones. At least 1.4 million acres along the Atlantic and Gulf coasts were made ineligible for the kind of federal … Source: Claims Journal

We are still years away from full implementation of true self-driving cars in the U.S., but each step we take dramatically complicates and changes the face of auto claims handling, vehicle repairs, and subrogation litigation. When catastrophic claims are paid … Source: Claims Journal