Posts by Y@DminG

An international bank based in Puerto Rico has been sued for fraud over an alleged scheme that attorneys say led to the loss of more than $90 million in deposits, affecting hundreds of clients in the U.S., Venezuela and elsewhere. … Source: Claims Journal

Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in California as facing “high” or “very high” danger of wildfires. In the wake of devastating fires in Los Angeles County, the … Source: Claims Journal

Greenpeace has filed an anti-intimidation court case against a U.S. energy company suing the environmental organization for hundreds of millions, testing for the first time a new European Union directive to counter manifestly unfounded cases aimed at harassing civil society. … Source: Claims Journal

The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action … Source: Claims Journal

New testing shows progress in advancements in automatic emergency braking systems, with 22 of the latest 30 vehicles evaluated earning a good or acceptable rating, which requires systems to be able to prevent or substantially mitigate crashes at higher speeds, … Source: Claims Journal

An analysis of the insurance industry’s cybersecurity posture shows nearly a quarter of companies received unsatisfactory scores. A recent cybersecurity report by SecurityScorecard highlighted critical insights into various risks concerning the insurance sector, indicating weaknesses in third-party relationships, the power … Source: Claims Journal

The chief executive officer of Cybereason Inc. sued two investors — former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund — accusing them of putting the company at risk of bankruptcy by rejecting multiple plans for a much-needed capital … Source: Claims Journal

A renewed and expanded effort from chemical giant Bayer to shield itself from lawsuits that claim its popular weedkiller Roundup causes cancer brought dozens of protesters to the Iowa Capitol building Monday begging lawmakers to reject it. The legislation, pending … Source: Claims Journal

A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company’s content to build a competing artificial intelligence-based legal platform. U.S. Circuit … Source: Claims Journal

Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company. The state’s top court had ruled against … Source: Claims Journal