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Wall Street’s latest blank-check company promises to be a litigation finance nightmare for property and casualty insurers. MSP Recovery, a Miami-area company that earns revenue by winning lawsuits against insurers, merged with a special purpose acquisition company in July. Last … Source: Claims Journal

A California judge on Thursday said several large counties accusing four drugmakers of fueling an opioid epidemic had presented a “dearth of evidence” during a multi-billion dollar trial to support finding the companies’ pain pill marketing caused the health crisis. … Source: Claims Journal

OMAHA, Neb. (AP) — More than a year after U.S. health care workers on the front lines against COVID-19 were saluted as heroes with nightly clapping from windows and balconies, some are being issued panic buttons in case of assault … Source: Claims Journal

IRONTON, La. (AP) — The land on which Audrey Trufant Salvant’s home sits in the small Louisiana town of Ironton has become an island in a sea of mud and snake-infested marsh grass. Nearby houses are disconnected from their foundations, … Source: Claims Journal

BANGKOK (AP) — Authorities sandbagged low-lying areas in the Thai capital and checked pumping stations Thursday along the Chao Phraya River in preparation for possible flooding as dams upstream, swollen by heavy rains, were forced to release water as a … Source: Claims Journal

LANSING, Mich. (AP) — State lawmakers are poised to consider bipartisan bills aimed at helping potentially thousands of sex abuse victims sue for damages, including those molested by a University of Michigan sports physician. It is the second time since … Source: Claims Journal

College athletes who earn millions for their schools are employees, the National Labor Relations Board’s top lawyer said in guidance released Wednesday that would allow players at private universities to unionize and negotiate over their working conditions. NLRB General Counsel … Source: Claims Journal

NEW YORK — A federal judge on Thursday rejected Wells Fargo & Co’s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. … Source: Claims Journal

A federal appellate court reversed a rare policyholder win in a COVID-19 related business-interruption claim, once again holding that government orders that restrict the use of a property do not constitute a “direct physical loss or damage” that requires coverage. … Source: Claims Journal

Amazon.com Inc and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year for criticizing the working conditions at the e-commerce giant’s warehouses. … Source: Claims Journal