Archive for September 2024
Exploding Pagers Raise Global Supply-Chain Security Concern
Thousands of pagers and other devices exploding in Lebanon this week mark a new and deadly escalation in the use of supply chains against adversaries, giving new urgency to global leaders’ drive to reduce their dependence on technologies from rivals. … Source: Claims Journal
Read MoreJ&J Lifts Baby Powder Settlement Bid to More than $8.2 Billion
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. The offer, an increase from the … Source: Claims Journal
Read MoreU.S. Warns Allies Russia Seeking to Disrupt Cargo Shipping Firms
The U.S. has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according to people familiar with the matter. While Russia has focused cyberattacks and other so-called hybrid actions on shipping firms … Source: Claims Journal
Read MoreMrBeast and Amazon Sued by Competitors From His $5M Reality Show for ‘Unsafe’ Conditions
MrBeast is accused of creating “unsafe” employment conditions, including sexual harassment, and misrepresenting contestants’ odds at winning his new Amazon reality show’s $5 million grand prize in a lawsuit filed by five unnamed participants. The filing alleges that the multimillion-dollar … Source: Claims Journal
Read MoreSharp Increase in Counselor License Protection Claims Highlights Rising Professional Risks
License protection adverse incidents and claims against counselors to the Board of Professional Counselors has nearly doubled in the last five years. A new report from the Healthcare Providers Service Organization, a division of Aon Affinity, shows there were 4,080 … Source: Claims Journal
Read MoreMiami Investment Firm 777 Says Ex-IT Head Stole Data for Lender’s Fraud Suit
Miami investment firm 777 Partners, which is facing several lawsuits by creditors, hit back with its own suit accusing one key lender of hiring 777’s former information technology head to steal data for its litigation. According to a complaint filed … Source: Claims Journal
Read MoreBoehringer Ingelheim Faces Second Hung Jury in Chicago Zantac Trial
The latest trial over claims that the discontinued heartburn drug Zantac causes cancer ended with a hung jury on Wednesday, as jurors in Chicago were unable to agree on whether Boehringer Ingelheim must pay damages to an Illinois man who … Source: Claims Journal
Read MoreHedge Fund Two Sigma in $100M Settlement Talks With SEC, WSJ Reports
Hedge fund Two Sigma is likely to have to pay as much as $100 million to resolve a U.S. Securities and Exchange Commission probe into a trading scandal at the firm, the Wall Street Journal reported on Thursday. The U.S. … Source: Claims Journal
Read MoreLive Nation Seeks to End U.S. States’ Claim of Damages for Concertgoers
Live Nation Entertainment asked a federal judge in New York on Thursday to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss part of the … Source: Claims Journal
Read MoreMore Than 250,000 U.S. Properties Reported to Have Repeated NFIP Claims
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council. Four states account … Source: Claims Journal
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