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Fidelity Beats Lawsuit Over Fees in $439B Money Market Fund

A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were eligible for. U.S. District … Source: Claims Journal

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Supreme Court Backs Cox in Fight Over Pirated Music

The U.S. Supreme Court ruled on Wednesday Cox Communications cannot be held liable for piracy by its internet service subscribers of songs owned by Sony Music, Warner Music Group, Universal Music Group and other labels, ending their billion-dollar-plus music copyright … Source: Claims Journal

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Meta, Google Found Liable in Social Media Addiction Case

Meta Platforms Inc. and Alphabet Inc.’s Google were found liable and must pay damages to a 20-year-old woman who alleged that her addiction to the companies’ social media platforms caused her to suffer a mental health crisis, a jury said. … Source: Claims Journal

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Crawford & Company Names Swain President & CEO

Bruce Swain has been named Crawford & Company’s president and CEO. The company’s board of directors appointed Swain to the top post after serving a stint as interim president and CEO since January 1. Crawford in January launched a new … Source: Claims Journal

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Iran Charges Some Ships Hormuz Transit Fees for Safe Passage

Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz, another sign of Tehran’s control over the world’s most important maritime energy channel. Payments of as much as $2 million per voyage are being … Source: Claims Journal

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