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VW Drivers May Struggle to Win Damages as Court Queries Losses
The 470,000 diesel-car owners who signed up for a case against Volkswagen AG may face an uphill struggle after a German court questioned whether they really lost anything because of the emission-cheating software in their automobiles. Drivers have been able … Source: Claims Journal
Read MoreCapital One, Enterprise Ensnared in Facebook Ad Bias Scandal
The U.S. Equal Employment Opportunity Commission is pursuing allegations that several of Facebook’s advertisers broke the law by restricting job postings on the social network to people of certain ages or genders. The agency joins the Department of Justice and … Source: Claims Journal
Read MoreJuul Presses to Have Avalanche of Lawsuits Moved to San Francisco
Juul Labs Inc., maker of the top-selling e-cigarette device in the U.S., asked a federal court panel in Los Angeles to send dozens of lawsuits it faces over the almost daily revelations of the health risks of its product to … Source: Claims Journal
Read MoreCiting Climate Risk, Investors Bet Against Mortgage Market
NEW YORK — David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but this … Source: Claims Journal
Read MoreVolocopter Eyes Launch Of Its Electric Helicopter Taxis In Singapore
SINGAPORE — German startup Volocopter said Singapore is emerging as one of the most likely destinations for the commercial launch of its electric helicopters, where it hopes to offer short-hop flights for the price of a limousine ride. The co-founder … Source: Claims Journal
Read MoreBusiness News: Liberty Mutual and Duck Creek, Marsh, Cognizant and One Inc.
Liberty Mutual Selects Duck Creek for Comp Claims Liberty Mutual has contracted with Duck Creek Technologies to merge two legacy systems into a single fully-integrated workers’ compensation management system. The Boston-based carrier said Duck Creek will lead a multi-year effort … Source: Claims Journal
Read MoreCarcinogen Worry Causes Generic Zantac Recall at U.S. Pharmacies
Some generic Zantac is being pulled from major chain pharmacies in the U.S. shortly after French officials recalled all versions of the popular stomach drug amid a global investigation into a carcinogen found in the pills. Canadian drugmaker Apotex Inc. … Source: Claims Journal
Read MoreCities Are Buying Bond Insurance That May Be Giving Them Nothing
Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street underwriters. Both had the same credit rating. The deals were of similar size. They were being issued for the same … Source: Claims Journal
Read MoreJuul To End Advertising and Lobbying Efforts of E-Cigarette
E-cigarette maker Juul is shutting down broadcast, print and digital advertising and ending lobbying efforts in Washington as safety concerns over vaping intensify. The company on Wednesday said its CEO was stepping down and will be replaced by a senior … Source: Claims Journal
Read MoreFire Threat Brings Power Cuts to Thousands in California
SAN FRANCISCO — Tens of thousands of Northern Californians will find themselves without electricity Wednesday as Pacific Gas & Electric cuts power to reduce the threat of hot, dry, gusty weather knocking down power lines and sparking wildfires. The utility … Source: Claims Journal
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