litigation News

Behind Allianz’s $4 Billion Fund Blowup, Red Flags and Fat Fees

It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go practically nowhere. But inside Allianz SE, where a handful of hedge fund managers claimed they could do just that, few …

Property Insurance Reform Bill Dies as Fla. Legislative Session Draws to a Close

With just two days left in the 2022 Florida legislative session, a comprehensive property insurance reform bill appears to be dead. But lawmakers were said to be looking for ways to fold some of the main provisions into other bills …

Judge Greenlights J&J Strategy to Resolve Talc Lawsuits in Bankruptcy Court

Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S. judge ruled on Friday, signing off on a legal maneuver that enables the company to avoid fighting more than 38,000 …

Double-Booked Surgeries Lead to $14.6 Million Settlement

BOSTON (AP) — Massachusetts General Hospital will pay $14.6 million to settle a lawsuit that alleged overbilling for double-booked surgeries that were simultaneously overseen by the same surgeon. It’s the third time since 2019 that the Harvard-affiliated teaching hospital agreed …

J&J Reaches Opioid Settlement With Holdout New Mexico

Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar …

Survivors Sexually Abused as Adults Want Chance to Sue in New York

ALBANY, N.Y. (AP)–New Yorkers who were sexually abused as adults could sue abusers in civil court under a bill that supporters are again urging the state to pass. The Adult Survivors Act would provide a one-year litigation window for those …

Insurers Win 1 Bad Faith Case, Lose Another Before Fla. Appellate Courts

Remember George Costanza’s trick in “Seinfeld,” the 1990s TV sitcom? When he couldn’t (or didn’t want to) pay his rent or other expense he would conveniently “forget” to sign the check, buying himself a little more time. In a South …

In Reversal, Georgia Joins $26 Billion US Opioid Settlement

The state of Georgia has decided to join a proposed $26 billion nationwide settlement resolving lawsuits alleging that three large drug distributors and drugmaker Johnson & Johnson fueled the deadly U.S. opioid epidemic. Friday’s announcement by Georgia Attorney General Chris …

Jeffrey Epstein Paid Prince Andrew Accuser $500,000 in 2009 Settlement

A woman suing Prince Andrew for sexual assault agreed in a confidential 2009 settlement with Jeffrey Epstein to release “any other person” involved in the case from litigation in exchange for $500,000. Virginia Giuffre’s lawsuit against Queen Elizabeth’s second son …

2 Louisiana Women Sue Over Fatal Salt Mine Collapse

NEW IBERIA, La. (AP) –Two women have sued the operator of a Louisiana salt mine where a roof collapse killed their husbands a year ago. Genee Romero and Alexandra Patin said in nearly identical lawsuits that Cargill Inc. officials and …