Posts by Y@DminG

NEW YORK — Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue. Lawyers for the shareholders called the all-cash settlement, filed on Monday … Source: Claims Journal

Federal prosecutors in South Carolina announced that 12 people have pleaded guilty to tax fraud and immigration charges in a check-cashing scheme that was used to avoid payroll taxes and workers’ compensation premiums. The plea agreements came after a “multi-year” … Source: Claims Journal

New York City commuters face a blustery, soaked-to-the-skin trek to work Tuesday as a powerful coastal storm unwinds across the Northeast. Rain began shortly after 9 p.m. Monday and will intensify early Tuesday, peaking in the daylight hours, said Scott … Source: Claims Journal

COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge … Source: Claims Journal

RICHMOND, Va. (AP) — Microsoft said Monday the same Russia-backed hackers responsible for the 2020 SolarWinds breach continue to attack the global technology supply chain and have been relentlessly targeting cloud service companies and others since summer. The group, which … Source: Claims Journal

SAN FRANCISCO (AP) — A powerful storm barreled toward Southern California after flooding highways, toppling trees and causing mud flows in areas burned bare by recent fires across the northern part of the state. Drenching showers and strong winds accompanied … Source: Claims Journal

ST. MARY, Mo. (AP) — A suspected tornado damaged buildings and knocked out power in communities along the state line between Missouri and Illinois, and damage was reported in other parts of the states from severe weather. One suspected tornado … Source: Claims Journal

LOS ANGELES (AP) — A camera operator told authorities that Alec Baldwin had been careful with weapons on the set of the film “Rust” before the actor shot and killed a cinematographer with a gun he’d been told was safe … Source: Claims Journal

WASHINGTON – The head of the U.S. National Transportation Safety Board on Monday criticized electric carmaker Tesla Inc’s decision to provide new self-driving software to vehicle owners without addressing safety concerns that the agency raised after a series of fatal … Source: Claims Journal

Insurers continue to prevail in the vast majority of lawsuits that seek business-interruption coverage for income lost during COVID-19 shutdowns, but a small minority of state court judges are taking a contrary view. On Monday, Cook County Circuit Court Judge … Source: Claims Journal