Posts by Y@DminG

Johnson & Johnson was ordered to pay about $1.56 billion to a Maryland woman who blamed the company’s talc-based baby powder for causing her asbestos-linked cancer, the largest such jury verdict for an individual in 15 years of litigation. Jurors … Source: Claims Journal

A luxury carwash in Southern California must pay a a $1.2 million settlement for wage theft and labor law violations. The California Labor Commissioner’s Office secured the settlement with Newport Auto Spa Inc., doing business as The Car Spa, a … Source: Claims Journal

It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the second-largest property insurer in the state with … Source: Claims Journal

An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk’s xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence systems. New … Source: Claims Journal

Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat … Source: Claims Journal

Honeywell on Monday said it expects to record a one-time charge of about $470 million in the fourth quarter related to a potential settlement of Flexjet-linked litigation, sending its shares down 1.3% in premarket trading. Private aviation company Flexjet sued … Source: Claims Journal

When recruits were repeatedly punched and tackled during a role-playing exercise at the Texas game wardens academy last year, they were taking part in a longstanding police training tradition that critics say should be retired. By the end of the … Source: Claims Journal

Mercedes-Benz said on Monday it will pay out $120 million to multiple U.S. states over emissions-rigging software in its vehicles, which the German carmaker says resolves the remaining Dieselgate proceedings against it in the U.S. The company has agreed with … Source: Claims Journal

The National Weather Service on Friday issued a rare warning for part of Colorado’s Front Range as hurricane-force winds and tinder dry conditions boosted the threat of wildfire across several counties, while flood warnings were issued in Oregon as rivers … Source: Claims Journal

The administrator overseeing the wind-down of Do Kwon’s Terraform Labs has filed a lawsuit against Jump Trading, alleging the Chicago-based firm illegally profited from — and helped to accelerate — its 2022 collapse. “The Office of the Terraform Labs Plan … Source: Claims Journal