Monthly Archives: <span>May 2022</span>

Appian Wins $2.04 Billion Verdict Against Pegasystems in Trade Secrets Claim

Appian Corp. shares soared and Pegasystems Inc. shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets. The damages award issued on Monday by the Fairfax County …

Face-Scanner Clearview Agrees to Limits on Images Use in Court Settlement

Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people’s photos without their consent. The company in a legal filing Monday agreed to permanently stop …

Court Says Federal Law Preempts in Tossing New York Suit Over Amazon Worker Safety

A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said …

Ex-Banker Charged with Conspiring in Murdaugh Insurance Money Scheme

A grand jury has indicted the former CEO of a South Carolina bank on charges of conspiring with once-prominent, now- suspended attorney Alex Murdaugh to defraud victims — including the family of a deaf man who became quadriplegic after a …

90 Luxury Cars Go Missing from Bankrupt Dealership

Lawsuits and criminal accusations have erupted after a luxury car dealer in South Florida filed for bankruptcy and as many as 90 Lamborghinis, Ferraris and other high-priced cars disappeared from the dealership. At least nine people have filed suit in …

Ship Insurance Claims to Rise as Black Sea Remains High Risk Area: Allianz

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers …

Artificial Intelligence Being Used to Battle Western Wildfires

With wildfires becoming bigger and more destructive as the West dries out and heats up, agencies and officials tasked with preventing and battling the blazes could soon have a new tool to add to their arsenal of prescribed burns, pick …

Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism

Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also wanted to know how external problems of the world would …

OSHA Fines Florida Utility $500,000 for Power Plant Deaths of Five Workers

A Florida power company has agreed to pay a $500,000 fine for a 2017 explosion that left five workers dead. Tampa Electric Co. has pleaded guilty to violating an Occupational Safety and Health Administration standard, causing death, according to a …

New York City to Pay $10.5M to Settle Lawsuit Over Wrongful Murder Conviction

New York City will pay $10.5 million to settle a federal civil rights lawsuit filed by a man who spent 24 years in prison on a murder conviction that was overturned after a witness who had placed him at the …