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

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

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

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

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

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

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 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

What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences. Carrier Management recently asked claims leaders at two of … Source: Claims Journal

A California farm expanded a recall of raw milk sold in stores and halted production after state health and agriculture officials found bird flu virus in more milk samples. Raw Farm, of Fresno, voluntarily recalled all whole milk and cream … Source: Claims Journal