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

Federal Appeals Court Upholds Dismissal of Manufacturer’s COVID-19 Claims

A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors, and high-speed specialty cable – …

AIG Files Amended Suit Against Former Execs, Dellwood Insurance

American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives. The lawsuit filed July 10 in U.S. District Court for …

Google Deal for ‘Hot Market’ Cyber Firm Wiz Would Bolster Cloud Security

If Alphabet’s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organizations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft, experts said. …

AutoNation Expects Hit to Q2 Profit From CDK Outage

U.S. auto retailer AutoNation said on Monday it expects a $1.50 per share hit to its second-quarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK in June, a crucial selling period for car dealers. …

Elliott Says Santander’s Use of Signal Messaging App Hampers Lawsuit

Elliott Investment Management has alleged that Banco Santander SA’s practice of using an auto-deleting messaging platform, in this instance to discuss a take-private deal, is hampering its long-running lawsuit against the bank. The hedge fund sued Santander affiliates and board …

South Carolina High Court Urges Legislative Fix to Pre-existing Health Issue in Workers’ Comp

South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …

Deutsche Bank’s Profit Streak at Risk as Postbank Lawsuit Looms

Deutsche Bank is expected to post a loss for the second quarter, according to a consensus forecast published on Monday, as a protracted investor lawsuit over its Postbank division threatens to erode earnings. Any loss at Germany’s largest lender would …

Lawsuit Filed in Case of Teen Who Died After Eating Spicy Chip as Part of Online Challenge

A lawsuit was filed against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media. Harris Wolobah, a 10th grader …

Just a Category 1 Hurricane? Don’t Be Fooled by A Number

Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or even worse: “Tropical storm? Just some wind and rain.” But look at Hurricane Beryl, which hit Texas this week as …

Tesla’s U.K. Lawsuit for 5G Patents License Thrown out by Court

U.S. technology firm InterDigital and a patent licensing platform on Monday won their bid to throw out a London lawsuit by Tesla, which was seeking a patent license ahead of the automaker’s launch of 5G vehicles in Britain. Elon Musk’s …