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Archive for August 2026

PwC International Can’t Exit Evergrande Case, HK Court Rules

A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates. Deputy High Court Judge Patrick Fung said the evidence PwC … Source: Claims Journal

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KKR to Pay $250 Million to Resolve DOJ Merger Filing Lawsuit

Private equity giant KKR & Co. has agreed to pay $250 million to resolve a civil antitrust case filed by the U.S. Justice Department alleging the investment firm intentionally withheld documents from government-required merger reviews on more than a dozen … Source: Claims Journal

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Nuclear Verdicts Go Boom, Increase 40.7% in 2025

So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least … Source: Claims Journal

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AI Firms Debate Putting Cyber Tests Online After Model Hacks

Artificial intelligence labs and cybersecurity firms are reconsidering the way they test advanced AI models after models from at least three firms jumped onto the open internet and breached real-world victims. Cybersecurity specialists are debating whether they should connect the … Source: Claims Journal

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PepsiCo Scraps Coverage of Weight-Loss Drugs for Employees

Some PepsiCo Inc. employees were notified this week that weight-loss drugs will no longer be covered by their company health insurance as of October due to skyrocketing costs. “Prescription weight-loss medications have become one of the fastest-growing costs in the … Source: Claims Journal

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California Lawmakers to Oppose Limits on Insurance Fire Claims

California lawmakers are lining up against Gov. Gavin Newsom’s push to rewrite how the state assigns financial responsibility for wildfires sparked by equipment owned by publicly traded utilities. A plan backed by Democrats in the state Senate wouldn’t limit insurers … Source: Claims Journal

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