Posts by Y@DminG
Netflix Defeats Shareholder Lawsuit Over Growth Forecasts
Netflix won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber growth of account sharing, where paying members share user names and passwords with nonpaying members in other households. The proposed … Source: Claims Journal
Read MorePrince Harry’s phone-hacking lawsuit against Daily Mail to go to trial in 2026
Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in early 2026, London’s High Court heard on Tuesday, with the parties’ legal costs set to exceed 38 million pounds ($47.8 … Source: Claims Journal
Read MoreNOAA Scientists Predict Increase in Active Atlantic Hurricane Seasons
A new study published in Science Advances suggests an increase in the variability of Atlantic tropical cyclone activity, leading to more active and inactive hurricane seasons and less near-normal seasons, according NOAA and partner researchers. The study investigates how the … Source: Claims Journal
Read MoreUPS to Pay $45M to Settle Charges it Improperly Valued Freight Division
UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced. The regulator agency said that UPS materially misrepresented its earnings because it failed to follow generally accepted accounting principles … Source: Claims Journal
Read MoreStarbucks Using Pen and Paper to Track Pay After Vendor Hack
Starbucks Corp. said a ransomware attack at a third-party software supplier has disrupted its system for tracking employee schedules, forcing the coffee giant to manually tally workers’ hours and pay. Blue Yonder Group Inc., a Panasonic subsidiary that provides supply … Source: Claims Journal
Read MoreDisney Settles Suit Over Women’s Pay for $43 Million
Walt Disney agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Monday. As … Source: Claims Journal
Read MoreStarbucks Faces Disruptions Following Ransomware Attack on Software Supplier
Starbucks said the aftermath of a ransomware attack on a software supplier has been affecting its ability to pay baristas and manage their schedules, the company’s spokesperson said on Monday. The coffee giant said that an outage at a third-party … Source: Claims Journal
Read MoreNew York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches
Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New York Attorney General Letitia James and New … Source: Claims Journal
Read MoreSamsung Ordered to Pay $118M for Infringing Netlist Patents
A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million … Source: Claims Journal
Read MoreAllianz Offers 5 Loss Trends to Watch on the Liability Front
As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. Areas critical to watch include pharma class actions, the … Source: Claims Journal
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