Articles by Jasper Ward and Eric Beech

Cargo-Ship Owner to Pay US $102M Over Baltimore Bridge Collapse, DOJ Says

The owner and operator of the cargo ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people, have agreed to pay $102 million to the federal government, the U.S. Justice Department said on Thursday. The department in …

Meta, Google, TikTok Must Face Schools’ Addiction Claims

Meta Platforms Inc., Google, TikTok and Snap will have to face lawsuits brought by school districts in federal court blaming their “addictive” apps for contributing to a mental health crisis among students. The ruling Thursday by US District Judge Yvonne …

Avenue’s Lasry Faces Harassment Suit After Filing Extortion Case

A former Avenue Capital Group employee accused by Marc Lasry in a recent court filing of trying to extort him for $50 million has hit back with a lawsuit of her own. Gina Strum, who worked in business development at …

CRDN Expands to Missouri, Northern California and Southern Oregon

Certified Restoration Drycleaning Network added franchises in Missouri, Northern California and Southern Oregon. New franchise owners Andrew Hoskins and Tyler Berry will service Kansas City, Missouri, while new franchise owner Justine Maier will service Northern California and Southern Oregon. CRDN …

George Weiss Hedge Fund in Talks With Jefferies to Settle Suit

Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its largest creditor, Jefferies Financial Group, are discussing a potential settlement that would resolve litigation related to the collapse of George Weiss’ eponymous firm. A Weiss lawyer said in a Wednesday bankruptcy …

McDonald’s Sued by Colorado Man Sickened in E. Coli Outbreak

A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court …

Billionaire Sex Saga Is Latest Scandal to Hit Australia CEOs

The sex-for-investment scandal that swiftly deposed Australian tech billionaire Richard White is just the latest corporate calamity in a country fast losing its reputation as a tightly-regulated market with strict governance standards. More than A$7.7 billion ($5.1 billion) of market …

Opioid Use in California Workers’ Comp Continues to Go Down, Report Shows

A California Workers’ Compensation Institute analysis opioid prescription data between 2017 and 2023 from the California Department of Justice’s Controlled Substance Utilization Review and Evaluation System builds on prior CWCI studies by tracking multiple opioid utilization metrics. The study examines …

The Data Behind Rising Homeowners Premiums: by Peril and by State

The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home Trends Report found that all-perils …

Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern

Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told …