Articles by Chris Prentice, Mike Spector and Allison Lamper

Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms

U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must …

Ripple Effect From CDK Hack Widens as More U.S. Auto Dealers Flag Hit

More U.S. auto dealers flagged a hit from an outage of CDK’s software system due to a cyber attack on Monday as the company worked to restore systems used by over 15,000 retail locations across North America. AutoNation, a leading …

Under Armour to Pay $434M to Settle Lawsuit Over Sales Disclosures

Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. The proposed …

Wildfire Threats Make Utilities Uninsurable in U.S. West

Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for several years, …

JPMorgan, Ex-Trader Agree to Settle Wrongful Firing Lawsuit

A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a suit claiming he was wrongfully fired over his cooperation with a federal spoofing probe. Donald Turnbull’s lawyer said in a …

A Good Year May Not Be a Good Thing in D&O Liability Market, Says AM Best

The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report on U.S. …

GM’s Self-Driving Cruise Unit To Pay $112K for Delaying Crash Report

A California regulator said it is imposing the maximum penalty of $112,500 on General Motors’ self-driving Cruise unit for the company’s failure to promptly provide complete information to the commission about a seriouscrash involving one of its robotaxis last year. …

Hackers Auction off Stolen LendingTree Consumers’ Data

Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the matter. There have been several listings of …

Viewpoint: AI’s Heroic Impact on Extreme Weather and NatCat Events

Hundred-year storms. Record wildfires. Unexpected tornados. These and other extreme weather and national catastrophe events are happening more often today due to climate change. While the impacts of climate change have been unfolding over the last several decades, they’ve intensified …

Industry Groups Back Drugmakers’ Appeal in Zantac Cancer Lawsuits

A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Research and …