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Reckitt Benckiser Group Plc plunged to an 11-year low on Monday after a verdict against Abbott Laboratories intensified concerns over infant formula lawsuits faced by both companies. Shares in the British firm fell as much as 10% to the lowest … Source: Claims Journal

Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance companies. “…We write jointly on … Source: Claims Journal

At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties. Containment on the Park Fire, which has 4,742 fighting … Source: Claims Journal

Mozambique has substantially won its $3.1-billion lawsuit at London’s High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in relation to the decade-old “tuna bond” scandal. The southeast African country sued Privinvest and its now late owner Iskandar Safa, … Source: Claims Journal

Hurricane Beryl caused destruction and loss across Texas and throughout the middle of the country, reminding us, once again, of the dangers of climate change-impacted storms. As the rest of the 2024 hurricane season looms, homeowners across the country are … Source: Claims Journal

A case alleging that Amazon.com Inc. exposed warehouse workers to injuries has been dismissed for lack of evidence, the company said in a statement Thursday. The Washington state Department of Labor and Industries cited the e-commerce giant for setting rapid … Source: Claims Journal

Pennsylvania National Mutual Casualty Insurance Co. cannot escape the long tail of asbestos, and must cover part of the litigation losses for an asbestos installation company that went out of business more than 30 years ago, the South Carolina Supreme … Source: Claims Journal

Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’salleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement in principle concerned Indivior’s … Source: Claims Journal

The European Central Bank said lenders in the region need to keep investing in their ability to respond to attacks by hackers after a landmark stress test of the industry showed “room for improvement.” “Banks need to prioritize investment in … Source: Claims Journal

A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of evacuations orders, as it continued to rage on Friday morning. The Park fire, which became the state’s largest … Source: Claims Journal