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One of the most successful hedge fund strategies of recent years is latching on to an old idea whose popularity is suddenly soaring. Source: Claims Journal

General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit … Source: Claims Journal

The Los Angeles wildfires have generated potentially thousands of new clients for lawyers and prospects for billions in fees. Wall Street wants in on the action, too. The chance at a piece of strong returns has encouraged investment banks, hedge … Source: Claims Journal

Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London’s Competition Appeal Tribunal unanimously ruled that … Source: Claims Journal

Tesla failed to persuade a federal judge to end a lawsuit over the death of a woman struck after an Autopilot-equipped Model S ran off the road in Key Largo, Florida, paving the way for a possible trial next month. … Source: Claims Journal

The full impact of the tariff increases on auto parts is still not completely clear, but we are starting to see the impact—and we can put some numbers to it all. To track the inflationary trends over time and compare … Source: Claims Journal

Insurers in the U.S. paid out about $1 billion in claims for lightning-related damage in 2024, down 16.5% from the amount paid in 2023, according to the Insurance Information Institute (Triple-I). The tally was $1.04 billion in 2024 compared to … Source: Claims Journal

Chinese AI startup DeepSeek, which said in January it had developed an AI model to rival ChatGPT at much lower cost, has come under scrutiny in some countries for its security policies and privacy practices. According to its own privacy … Source: Claims Journal

California Gov. Gavin Newsom sued Fox News for defamation over the network’s coverage of a conversation he had with President Donald Trump about the use of National Guard troops to respond to protests in Los Angeles. In a lawsuit filed … Source: Claims Journal

A week ago, U.S. National Hurricane Center forecasters accurately predicted Hurricane Erick would explode in intensity as it hit Mexico’s Pacific coastline. Now, key tools that helped inform that outlook will go away by the end of this month, and … Source: Claims Journal