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L’Oreal Owes Olaplex $91 Million for Stealing Trade Secrets

In the final moments of his rebuttal to L’Oreal SA’s closing argument in a trade-secrets trial, a lawyer for California startup Olaplex LLC told jurors they would choose the victor in a courtroom battle of biblical proportions. “David versus Goliath,” … Source: Claims Journal

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Business News: Pasich Law Firm, Transcom, Orchid Medical

Pasich Law Firm Appoints Halprin as Partner Pasich LLP, a New York law firm that specializes in insurance recovery and entertainment, announced that it has appointed attorney Peter A. Halprin as partner. Before joining Pasich, Halprin was a shareholder in … Source: Claims Journal

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South Dakota Town Recovering From Tornado Damage

TOWN OF BURKE, S.D. — As a small town in southern South Dakota recovers from a tornado that caused extensive damage and destroyed its civic center, some residents are asking why the community’s warning siren didn’t sound. The EF-1 tornado … Source: Claims Journal

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Texas Power Demand to Hit Record Highs as Heat Bakes State

Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state’s power grid operator. … Source: Claims Journal

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Zurich Insurance Chief Set to End Revamp Ahead of All Goals

Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company … Source: Claims Journal

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