Posts by Y@DminG

Chemours, DuPont and Corteva have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or “forever chemicals,” the companies said on Monday. Lawsuits accusing major chemical … Source: Claims Journal

UBS Group AG agreed to pay $300 million to settle a mortgage-related case with the U.S. Department of Justice as it continues to work down the list of legal issues it inherited when it bought Credit Suisse in early 2023. … Source: Claims Journal

Four flight attendants on the Alaska Airlines 737 MAX 9 plane that experienced a mid-air cabin panel blowout in January last year are suing Boeing for physical and emotional injuries. In separate lawsuits, they are seeking compensation for past and … Source: Claims Journal

Illumina Inc. has agreed to pay $9.8 million to resolve allegations that it violated the False Claims Act after the company sold genomic sequencing systems with cybersecurity vulnerabilities to federal agencies, according to the U.S. Department of Justice. Illumina, headquartered … Source: Claims Journal

Tesla Inc. was told by a jury to pay $243 million over a 2019 Autopilot crash in Florida that killed a young woman and seriously injured her boyfriend, the first significant court loss for the automaker in litigation related to … Source: Claims Journal

The European Court of Justice on Friday ruled that carmakers like Volkswagen remain liable for using unlawful defeat devices, such as temperature-sensitive emissions software, even if the vehicles met EU standards, which doesn’t guarantee the technology’s legality. The case at … Source: Claims Journal

A federal judge in Texas largely denied a request by the world’s largest asset managers to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how the U.S. … Source: Claims Journal

China accused the U.S. of exploiting a flaw in Microsoft Corp.’s email servers to steal military data and launch cyberattacks on its defense sector. Source: Claims Journal

German pharmaceutical and biotechnology group Bayer said on Thursday it had set aside an additional 1.2 billion euros ($1.37 billion) in provisions to address ongoing litigation in the United States over weed killer Roundup. The German group said that, on … Source: Claims Journal

In the rapidly shifting landscape of property/casualty insurance claims, negotiation stands at the pivotal moment for improved settlement outcomes, client satisfaction, and bottom-line carrier health. In 98-99 of every 100 litigated files, the carrier’s financial outcome will be established through … Source: Claims Journal