Abbott, Reckitt Score First Victory in Baby Formula Trial
Abbott Laboratories and a unit of Reckitt Benckiser Group Plc were cleared by a jury over claims they hid risks their premature-infant formulas can cause a bowel disease that severely sickened a baby...
View ArticleAnalysis Shows Wider Florida Flooding From Milton: 185,000 Buildings Hit
Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses...
View ArticleMeta Loses Bid to Appeal UK Class Action Over Data, Could be Liable for up to...
Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal refused...
View ArticleCitadel Securities’ Trade Secrets Suit Proceeds Against Portofino
Citadel Securities’ lawsuit accusing Portofino Technologies AG of trade-secrets thefts can largely move forward against the high-frequency crypto-trading startup but not a seed investor in the firm. US...
View ArticleInsurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court...
Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. The U.S. 11th...
View ArticleLithium-Ion Batteries Finally Reaching Adolescence
Around five years ago, grid-scale lithium-ion batteries exploded onto the scene—some literally. First, insurers faced the same questions as grid operators: How do you define a battery? Is it power...
View ArticlePepsiCo Beats New York State’s ‘Predatory’ Lawsuit Over Plastics Pollution
PepsiCo won the dismissal of New York’s lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state’s attorney...
View ArticleMalibu Retrofit at $300,000 Shows Limits of Wildfire-Prepping
Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on...
View ArticleKBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can...
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger...
View ArticleSpain’s Deadly Storms Move North to Cause Chaos in Catalonia
Barcelona’s transport system ground to a halt, as Catalonia was the latest Spanish region to be hit by extreme storms that killed more than 200 people in neighboring Valencia last week. Flooded streets...
View ArticleAgency Closes Probe into 411,000 Ford Vehicles Due to Loss of Power
The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without...
View Article60,000 Wawa Tumblers Recalled Because Metal Straws Can Cut Customers
Some 60,000 Wawa-branded beverage tumblers are under recall due to a laceration hazard posed by the products’ metal straw. According to a Thursday notice published by the U.S. Consumer Product Safety...
View ArticleJPMorgan Chase Settles Five Enforcement Cases, to Pay $151M
JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage...
View ArticleSurvey Shows Most US Households Lack Full Insurance on Valuables
One-in-three American homeowners lack home or contents insurance coverage, a new survey shows. The survey included more than 3,000 Australians, Americans and Canadians, asking people which items in...
View ArticleFacebook, Nvidia Ask US Supreme Court to Spare Them From Securities Fraud Suits
The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private...
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