Monthly Archives: <span>January 2024</span>

Netflix Beats Shareholder Lawsuit over Account-Sharing Disclosures

Netflix has defeated a lawsuit filed by shareholders in a federal court in California that accused the streaming entertainment company of hiding the extent to which account-sharing was hindering its growth. A Texas-based investment trust sued in May 2022, after …

Tesla Recalls over 1.6 Million EVs Exported to China to Fix Automatic Steering, Door Latch Glitches

BEIJING (AP) __ Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls. China’s State Administration for Market Regulation announced the …

Flooding at Boston Hospital Disrupts IVF Services for 200 Patients, Leaving Some Devastated

MEREDITH, N.H. (AP) — Flooding from a burst water main at Boston`s Brigham and Women’s Hospital has disrupted services for about 200 patients seeking to have children through in vitro fertilization, leaving some of them devastated. Alexis Goulette, who runs …

Japanese Air Safety Experts Search for Voice Data from Plane Debris

A team of transport safety officials searched for a voice recorder from the severely burned fuselage of a Japan Airlines plane Friday, seeking crucial information on what caused a collision with a small coast guard plane on the runway at …

US Supreme Court Declines to Hear Exxon, Koch Industries Appeal in Climate Case

The U.S. Supreme Court today declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal …

Insured Loss Estimates from Japan Earthquake Range from $1B to $6.4B

Insured losses from the devastating earthquake in Japan could reach $6.4 billion, according to an estimate from U.S.-based catastrophe modeling firm Karen Clark & Co (KCC). Losses from residential properties account for more than two thirds of the total, according …

Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss

A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance policy because the policy was ambiguous as to whether a warehouse fire that destroyed its goods was at an approved …

J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe

Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US states of claims that it wrongfully marketed its talc-based baby powder by not warning about possible health risks, according to …

Iowa Supreme Ct. Restores Ruling that Rejected Worker’s Expert Report in PTD Claim

The Iowa Supreme Court on Friday reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court of Appeals. The high court said …

Court Says Bulk of GEICO’s $2.3 Million Fraud Case Belongs in Arbitration

Insurer GEICO has been dealt a setback in its efforts to get back $2.3 million in what it alleges were fraudulent medical and chiropractic service charges it paid to several clinics under New Jersey’s no-fault insurance law. The 14 counts …