Posts by Y@DminG

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

Visa and Mastercard have agreed to pay a combined $167.5 million to settle a class action lawsuit accusing them of conspiring to keep ATM access fees artificially high. The proposed settlement was filed on Thursday in the federal district court … Source: Claims Journal

A Minnesota jury awarded $65.5 million on Friday to a mother of three who claimed talcum products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs. Jurors determined … Source: Claims Journal

Negotiation determines the outcome of nearly every litigated claim in our industry, yet it remains one of the least systematically developed skills inside many claims and defense organizations. After decades in claims handling and leadership roles, I’ve seen firsthand how … Source: Claims Journal

Ford is recalling 272,645 vehicles in the U.S. due to a loss of park function, causing the vehicle to roll away and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday. Related: Ford … Source: Claims Journal

Wells Fargo & Co. was sued by a former manager who says he was fired for pushing the bank to create a more diverse workforce and objecting to its practice of interviewing minority applicants for jobs that were already filled. Source: Claims Journal