liability News

FanDuel Sued by Convicted NFL Executive Over Gambling Habit

FanDuel Inc. was sued by a former Jacksonville Jaguars executive who admitted to stealing more than $22 million from the team, but says the website knew he was an addicted gambler and offered him more than $1 million in credits …

NTSB Chair Blasts FAA Over Response to Boeing 737 Rudder Issue

The head of the U.S. National Transportation Safety Board criticized U.S. aviation regulators for “downplaying the urgency” of addressing a possible rudder malfunction on some Boeing Co. 737 aircraft in an unusually public rebuke. Faulty parts that could cause the …

Bristol Myers Beats $6.4 Billion Lawsuit Over Delayed Cancer Drug

Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman …

Abbott, Reckitt Face Trial Over Premature Baby Formula Amid Alarm From Doctors

A Missouri mother and her lawyers this week will aim to convince a jury that Abbott, Reckitt’s Mead Johnson and St. Louis Children’s Hospital are responsible for a severe intestinal illness that she says her premature son got from the …

Aspen’s Orseck Explains the Growing Impact of PFAS [Video]

As research has evolved on the effects of per- and polyfluoroalkyl substances (PFAS), correlations are being made to medical conditions within people exposed—and that’s about everyone to some degree. “We’re ingesting this stuff for years and years, to the point …

Visa Sets Aside $1.5 Billion in a Litigation Escrow Account

Visa Inc. said it allocated $1.5 billion to cover litigation costs. The global payments firm authorized the deposit of the money into a litigation escrow account that’s used for covered litigation, it said in a filing Thursday, without specifying any …

Newsmax Settles Smartmatic Defamation Suit Over 2020 False Election Claims

Newsmax Media said on Thursday it had reached a confidential settlement of allegations that the conservative outlet damaged Smartmatic by broadcasting false claims that the voting machine company helped steal the 2020 U.S. presidential election from Donald Trump. The agreement …

Elon Musk, X Seek Dismissal of Don Lemon’s Suit Over Canceled Partnership

Elon Musk and X asked a federal judge to dismiss former CNN anchor Don Lemon’s lawsuit claiming they defrauded him by canceling a partnership on the social media platform following a contentious interview. In a Monday night filing in San …

Navigating Social Inflation in a World of Increasingly Complex Claims

As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries, and society at large. Rising litigation costs, evolving societal expectations, and increasingly complex claims …

J&J Unit Files for Bankruptcy to Advance $10B Talc Settlement

A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby …