Posts by Y@DminG

Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that it had been attacked, … Source: Claims Journal

Binance affiliates are suing the founders of Hong Kong-based crypto payments firm RedotPay for allegedly diverting hundreds of thousands of customers to a competing product in a “fraudulent scheme,” claiming nearly half a billion dollars in losses. The Binance Holdings-affiliated … Source: Claims Journal

Alphabet Inc.’s Google must face a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged … Source: Claims Journal

Citigroup Inc. has resolved a lawsuit filed four years ago by Loomis, Sayles & Co. claiming the bank caused more than $70 million in losses while executing trading orders that swamped the market. The parties on Tuesday told a federal … Source: Claims Journal

A unit of OpenAI has reached a settlement with the U.S. Justice Department to resolve allegations that the California-based artificial intelligence company discriminated against U.S. workers. The Justice Department alleged that OpenAI OpCo LLC and one of its subsidiaries violated … Source: Claims Journal

Southern California Edison equipment sparked a January 2025 wildfire that killed 19 people in the Los Angeles area, fire officials said. The Eaton Fire was caused by electrical arcing events that took place on an out-of-service tower on a dry … Source: Claims Journal

A Florida appeals court has upheld a $103 million jury award against Ford Motor Co. after a modified Ford Mustang exploded in 2017 and left the owner with severe burns over much of his body. The appeal was centered on … Source: Claims Journal

Michigan health officials on Tuesday reported 11,508 cases linked to a cyclosporiasis outbreak, up by more than 200 from the previous day’s update. The state also reported the first two deaths associated with the outbreak, noting that both individuals had … Source: Claims Journal

New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who … Source: Claims Journal

Goldman Sachs Group Inc. is setting up a reinsurance vehicle with Talcott Financial Group that has so far raised $1 billion. The Bermuda-based sidecar, West Grove Re, will share premiums and losses for a portion of Talcott’s US-based annuities, the … Source: Claims Journal