Posts by Y@DminG

A town in North Carolina sued utility firm Duke Energy on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state capital … Source: Claims Journal

Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss of $32.1 billion last year. According … Source: Claims Journal

Banco Sabadell SA won a lawsuit against Cerberus Capital Management LP over a deal struck linked to Spanish real estate assets, winning a €358 million ($376.5 million) award from a London judge. The case centered on a real estate joint … Source: Claims Journal

Mattel was sued on Tuesday by a South Carolina mother for mistakenly putting a link to a pornographic website on packaging for dolls tied to the blockbuster movie “Wicked.” In a proposed class action filed in federal court in Los … Source: Claims Journal

Barclays agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed. A preliminary settlement of the proposed class action … Source: Claims Journal

Two consumer data brokers that sold information used to track individuals’ religious and political beliefs, pregnancy status and more agreed to stop using data on visits to sensitive locations, the U.S. Federal Trade Commission said on Tuesday. The FTC accused … Source: Claims Journal

An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. U.S. prosecutors charged Remington Ogletree on Oct. 30 … Source: Claims Journal

The New Mexico Court of Appeals has upheld regulations aimed at cracking down on emissions in one of the nation’s top-producing oil and gas states. The case centered on a rule adopted in 2022 by state regulators that called for … Source: Claims Journal

Mastercard has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, it said on Tuesday. The global payments processor was facing a lawsuit brought by consumer champion Walter Merricks … Source: Claims Journal

IndiGo, India’s biggest airline, has sued automaker Mahindra for trademark infringement over its use of “6E” in branding its latest electric vehicle, legal papers show. Mahindra in a stock exchange filing, denied any wrongdoing, saying its recently launched electric vehicles … Source: Claims Journal