liability News

Wildfires Are Upending Some of the Safest Bets on Wall Street

When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility by the name of Xcel Energy Inc. was getting blamed for the massive blaze — a lawsuit pointed the finger …

Hawaiian Electric Hits 40-Year Low Ahead of Maui Fire Report

Hawaiian Electric stock hit a 40-year low in the wake of a local news report that a probe of the devastating Maui fires does not find fault with first responders. Shares fell as much as 18% to $8.74, the lowest …

Iowa Supreme Court Overturns $790K Harassment Award

Inappropriate comments by a superior to a social worker and between other employees at the state Department of Human Services did not justify a $790,000 jury award for sexual harassment, the Iowa Supreme Court has ruled. Friday’s ruling reversed a …

Rapper Drake Has Lawsuits Dismissed Over Deadly Astroworld Concert

Hip-hop artist Drake has been dismissed from a lawsuit over the deadly 2021 Astroworld festival in Houston in which 10 people were killed, a judge has ruled. Drake was a special guest of rap superstar Travis Scott, who had headlined …

Lawyers Want Ohio Residents to Wait for Details of $600M Derailment Settlement

The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad’s disastrous 2023 derailment in Ohio want residents to talk with them before deciding the historic deal isn’t enough. They said Wednesday that the settlement for everyone …

Bridge Disaster in Baltimore Gets FBI Criminal Investigation

The US has opened a criminal investigation into what occurred on a cargo ship before it crashed into Baltimore’s Francis Scott Key Bridge and caused it to collapse last month, according to a person familiar with the probe. Federal Bureau …

Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers

The U.S. Supreme Court on Friday paved the way for more truck drivers and other transportation workers to file employment-related lawsuits in court rather than private arbitration, ruling that an exemption from arbitration extends to workers outside of the transportation …

US Senate Committee to Hold Hearing on Boeing Safety Culture Report

The U.S. Senate Commerce Committee said it would hold a hearing next week with members of an expert panel that released a report in February criticizing Boeing’s safety culture and calling for significant improvements. The hearing next Wednesday comes as …

Dutch Chipmaker Nexperia Hacked by Cyber Criminals

Dutch-headquartered chipmaker Nexperia was victim of a hacking attack by cyber criminals last month, the Chinese-owned company said on Friday, and was investigating the incident with the help of outside specialists. “Nexperia has become aware that an unauthorized third party …

Johnson Controls Unit to Pay $750M to Settle ‘Forever Chemicals’ Lawsuit

Johnson Controls said on Friday its subsidiary had agreed to a $750 million settlement with some U.S. public water organizations that had detected “forever chemicals” allegedly associated with the use of certain products made by the company. The settlement does …