Archive for August 2025

Didi Global Inc. agreed to pay $740 million to settle a shareholder lawsuit targeting the handling of its turbulent 2021 IPO, swallowing a one-time charge that pushed China’s ride-hailing leader into the red. The company disclosed the settlement Thursday alongside … Source: Claims Journal

Credit bureau TransUnion said Thursday that more than 4 million people’s data was exposed in a recent hack involving an unidentified third party. In a letter dated earlier this week and posted to the website of Maine’s attorney general, the … Source: Claims Journal

The U.S. Federal Trade Commission sued the operators of gym chain LA Fitness and other gyms on Wednesday, saying they have made it exceedingly difficult to cancel memberships. Irvine, California-based Fitness International and Fitness & Sports Clubs, which operate hundreds … Source: Claims Journal

European carmakers said the European Union’s planned ban on combustion engines is no longer realistic, warning that climate rules risk weakening the region’s auto industry and its supplier network. In a letter, leaders of the industry’s main lobby groups urged … Source: Claims Journal

Peloton Interactive must face a lawsuit claiming it defrauded shareholders by masking excess inventory of its home exercise equipment as the worst of the COVID-19 pandemic passed, a divided federal appeals court ruled on Wednesday. Reversing a lower court ruling, … Source: Claims Journal

When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of … Source: Claims Journal

Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, according to industry leaders. They point to tighter insurance policy language and … Source: Claims Journal

The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino … Source: Claims Journal

Ford Motor Company is recalling more than 355,000 trucks in the U.S over a issue with the instrument panel display, the National Highway Traffic Safety Administration said on Wednesday. The recall affects certain Ford 2025-2026 models – F-550 SD, F-450 … Source: Claims Journal

Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed … Source: Claims Journal