Archive for August 2024

YA Group announced it will receive a majority investment from THL Partners to help accelerate the company’s growth through investments in its core service areas and support opportunities to expand its platform through strategic acquisitions. YA’s management, employees and current … Source: Claims Journal

Nordea Bank agreed to pay a $35 million civil fine to settle charges by a top New York regulator that the Finland-listed bank failed to properly police money laundering and other criminal activities, including matters uncovered in the Panama Papers … Source: Claims Journal

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has breached four US firms, including internet service providers, and … Source: Claims Journal

Delaware’s highest court said on Tuesday it will hear an appeal by GSK and other drugmakers seeking to end more than 70,000 lawsuits claiming discontinued heartburn drug Zantac caused cancer. GSK, Pfizer, Sanofi and Boehringer Ingelheim are asking the court … Source: Claims Journal

The co-founders of Donald Trump’s social-media startup lost a bid to have a Delaware judge impose financial sanctions on the former president and his lawyers for alleged misconduct in a suit over the value of their shares. Andy Litinsky and … Source: Claims Journal

AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and less dry air create conducive conditions for storm development. AccuWeather is forecasting six to 10 named storms to form in … Source: Claims Journal

Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans. There are orange warnings for Lombardy, Piedmont, Tuscany and Umbria in Italy, as the summer heat gives way to violent storms. Serbia … Source: Claims Journal

CrowdStrike’s results on Wednesday will offer a first look at the financial implications of the global cyber outage that paralyzed Microsoft Windows operating system last month, with investors keen to understand the impact on the cybersecurity firm’s reputation and whether … Source: Claims Journal

California’s wildfires are weighing on home prices more than in the past, and insurance availability does little to help in areas considered to be at higher risk, according to a Federal Reserve Bank of San Francisco study. “Our results suggest … Source: Claims Journal

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and palladium prices. A preliminary settlement of the proposed class action … Source: Claims Journal