Posts by Y@DminG
Judge Rules Bristol Myers Must Face $6.7B Lawsuit Over Delayed Cancer Drug
A U.S. judge on Monday rejected Bristol Myers Squibb’s bid to dismiss a $6.7 billion lawsuit claiming it cheated shareholders of the former Celgene by delaying federal approval for three drugs, including the cancer treatment Breyanzi, by specified deadlines. While … Source: Claims Journal
Read MoreLowe’s to Pay $12.5M for Lead Paint Violations During Home Renovations
Lowe’s must pay $12.5 million over renovation work performed by its contractors at hundreds of homes across the country. The Justice Department and the Environmental Protection Agency announced a proposed nationwide settlement with Lowe’s Home Centers LLC to resolve alleged … Source: Claims Journal
Read MoreStarbucks Will Pay $38.9M to Settle Probe Over Worker Schedules
Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times over … Source: Claims Journal
Read MoreE-Deliveries Fueling Crashes, Traffic, Pollution and Worker Injuries in New York
Rapidly growing e-commerce and last-mile delivery services have contributed to significant increases in crashes, traffic, workplace injuries and air pollution, according to a report from New York City Comptroller Brad Lander. The report estimates that roughly one-in-three New Yorkers receives … Source: Claims Journal
Read MoreSupreme Court Questions $1 Billion Music Piracy Suit Against Cox
The U.S. Supreme Court weighed giving internet providers a stronger shield from legal liability when customers pirate copyrighted works, questioning a $1 billion music industry copyright lawsuit against Cox Communications Inc. Hearing arguments in Washington Monday, several justices expressed doubts … Source: Claims Journal
Read MoreHoliday Shoppers Shake Off Economic Blues for Online Spending Spree
U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season. Adobe Analytics said online spending on Monday was up … Source: Claims Journal
Read MoreJamaica Secures $6.7B From Agencies for Post-Melissa Rebuild
Jamaica has secured up to $6.7 billion in support from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa. Melissa, one of the strongest storms on record to make landfall in the Caribbean, … Source: Claims Journal
Read MoreMassive Coupang Data Breach Caps Record Year for Cyber Breaches
A massive data breach at South Korea’s largest e-retailer Coupang Inc. caps what is set to be a record year for online leaks in the country, highlighting weaknesses in Seoul’s cyber defenses. Coupang, known for its popular early morning grocery … Source: Claims Journal
Read More‘Super Roofs’ Are Rewarding Insurers, Cat Bond Investors and Homeowners
As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a … Source: Claims Journal
Read MoreHow Three New CMS Policies Impact Workers’ Comp Claims
It is often said that things in life (good or bad) happen in threes. Whether this is true is beyond this author’s expertise. However, when it comes to Workers’ Compensation Medicare Set-Asides (WCMSAs), the financial arrangements to ensure that Medicare … Source: Claims Journal
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