Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond …
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
Shock verdicts remain on the rise nationally. They are generally recognized as awards exceeding $10 million that often defy rationale in relation to actual damages. These nuclear verdicts tend to occur in jurisdictions considered judicial warzones, such as Nevada, Pennsylvania, …
Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, …
Royal Bank of Canada’s former CFO Nadine Ahn has filed a wrongful-termination lawsuit against the bank, and alleged that “gender-based stereotyping” was at play in her dismissal. In April, RBC, Canada’s biggest bank, said it had terminated Ahn after its …
Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on …
A federal judge in Florida has temporarily blocked a U.S. Federal Trade Commission rule that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses, becoming the second judge to rule that the …
More than three-fourths of properties flooded by Hurricane Debby were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from where the …
Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee is one …
More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025 due to material price increases and a moderation of claims severity trends “vastly” improving the segment’s profit footing, …