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As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds. Investors in the $40 billion market for so-called cat … Source: Claims Journal

WILMINGTON, Delaware –– Tesla Inc urged a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay, and the company recommended a … Source: Claims Journal

JAKARTA –– An Indonesian drugmaker whose cough syrup is among products linked to the deaths of more than 200 children last year used ingredients with toxin concentrations of up to 99% in 70 batches of medicine, prosecutors said in a … Source: Claims Journal

JACKSON, Miss. (AP) — The Mississippi sheriff who leads the department where former deputies pleaded guilty to a long list of state and federal charges for the torture of two Black men has asked a federal court to dismiss a … Source: Claims Journal

David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) benefits from his auto insurer, Progressive … Source: Claims Journal

Debt-laden Rite Aid filed for bankruptcy protection on Sunday and said it would close underperforming stores, as the drugstore chain comes under pressure from lawsuits alleging that it helped fuel the U.S. opioid crisis. The filing will allow it to … Source: Claims Journal

WASHINGTON (AP) — The Supreme Court avoided a catastrophic accident last year when a piece of marble at least 2 feet long crashed to the ground in an interior courtyard used by the justices and their aides, according to several … Source: Claims Journal

A federal appellate court is asking the Louisiana Supreme Court whether a law that was passed to protect oilfield contractors from demands by big oil companies that they be indemnified for their own mistakes also applies to contractors who work … Source: Claims Journal

OSLO –– Norway, Europe’s largest gas supplier, is closely monitoring the progress of a probe into unexplained damage on a Baltic Sea gas pipeline, having already stepped up security at its energy installations after the Nord Stream blasts last year. … Source: Claims Journal

RIVERSIDE, Calif. (AP) — A jury has delivered a $135 million verdict in a molestation case involving a middle school teacher, determining that negligence by a Southern California school district allowed the abuse of two students during the 1990s. Jurors … Source: Claims Journal