Posts by Y@DminG

Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem. “While uncertainty remains elevated, it … Source: Claims Journal

TikTok faces a mountain of litigation over child safety and privacy, a big risk for potential bidders vying to save the popular video app in the U.S. Collectively, an estimated 1,500 pending lawsuits carry billions of dollars in potential exposure … Source: Claims Journal

British pharmaceutical giant GlaxoSmithKline and rival Pfizer have agreed to end a lawsuit that alleged Pfizer’s respiratory syncytial virus (RSV) vaccine Abrysvo violated GSK’s patent rights in its competing RSV shot Arexvy, according to a Thursday filing in Delaware federal … Source: Claims Journal

Arson is a criminal act, but since the advent of insurance, arson has been used to “extort money from insurance companies.” Arson for profit schemes grew exponentially in the 1970s, according to the House Committee on Governmental Affairs—and as a … Source: Claims Journal

The Supreme Court has sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. The … Source: Claims Journal

A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, … Source: Claims Journal

A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll and filed several false claims for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county … Source: Claims Journal

Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledged to clients … Source: Claims Journal

The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with four major … Source: Claims Journal

Deadly storms and flooding rains left a path of destruction across 14 states in the U.S. South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected … Source: Claims Journal