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NHTSA Closes Preliminary Probe into 7,745 Fisker Ocean Suvs After Software Update

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The U.S. auto safety regulator said on Monday it has closed a preliminary evaluation into 7,745 Fisker Ocean SUVs over failure to shift vehicles into the park gear, after the electric-vehicle startup issued recalls and released a software update. Earlier … Source: Claims Journal

Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record

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This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for the first time. The average global temperature reached 1.62C above pre-industrial levels in November, according to the EU-funded Copernicus Climate … Source: Claims Journal

Jane Street-Millennium Trade Secrets Fight Ends in Settlement

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Jane Street Group and Millennium Management agreed to settle a lawsuit over the alleged theft of a secret billion-dollar India options trading strategy, effectively ending a court battle that captivated Wall Street. In a filing Thursday in Manhattan federal court, … Source: Claims Journal

GAO: Patent Litigation Funders Use Many Factors to Decide to Invest in a Lawsuit

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Patent litigation funders say multiple factors that inform their decision on whether to invest in a particular patent lawsuit, according to a new study by the Government Accountability Office. The GAO was asked to review recent developments in third-party funding … Source: Claims Journal

The Rising Insurance Costs of Electric Vehicles: A Specialized Challenge

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Electric vehicles are quickly becoming a mainstay in the automotive industry. However, as their adoption grows, so too does the scrutiny around the cost of insuring them. While EVs bring advantages in environmental impact and efficiency, they present unique challenges … Source: Claims Journal

‘Large Number’ of Americans’ Metadata Stolen by Chinese Hackers, Senior Official Says

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A large number of Americans’ metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed “Salt Typhoon,” a senior U.S. official told journalists on Wednesday. The official declined to provide specific figures but … Source: Claims Journal

Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry

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The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old U.K. delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.” Knights’ network for managing trucks … Source: Claims Journal

Insulet Wins $452M Verdict Against EOFlow in Insulin Pump Secrets Case

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Medical device maker Insulet convinced a jury that Korean rival EOFlow owes it $452 million in damages for stealing trade secrets related to insulin pumps, according to a verdict made public in Massachusetts federal court on Thursday. The jury in … Source: Claims Journal

Boeing Plea Deal Over Fatal 737 Crashes Rejected by Judge

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A federal judge rejected Boeing Co.’s plea deal that sought to let the planemaker avoid criminal prosecution over to two fatal 737 Max crashes, in a surprise twist that threatens to prolong the company’s recovery from past scandals. U.S. District … Source: Claims Journal

Rocket Sues HUD to Dismiss Home Appraisal Bias Allegations

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Rocket Mortgage is pushing back against U.S. accusations that it’s at fault for lowball appraisals by outside firms that allegedly discriminated against a Black borrower, contending that federal law bars lenders from trying to influence the valuations. The nation’s largest … Source: Claims Journal