In an unprecedented decision, a federal judge has mandated that 3M CEO Mike Roman personally participate in mediation sessions aimed at resolving the longstanding legal battle concerning the alleged defects in the company’s military earplugs.
As most insurance professionals and litigators know, the hot new trend for plaintiffs’ attorneys is to turn whiplash cases with significant insurance limits into mild Traumatic Brain Injury (mTBI) cases. Such cases raise the stakes for insurers and litigators because they are expensive to defend and create more exposure for insureds and their indemnitors.
Nearly eight months after Hurricane Ian ravaged Southwest Florida, some homeowners say their insurance company won’t pay for the full cost of repairs and they are left with no option but to sue.
A complaint filed this week in federal court by a Wynne woman whose home was destroyed March 31 by an EF-3 tornado that decimated much of the Cross County city claims that her insurance company undervalued the coverage on her home by more than $200,000.
Applying New Jersey law, the U.S. District Court for the District of New Jersey determined that issues of material fact precluded summary judgment as to whether certain companies with common ownership and operations qualified as ‘insureds.’
In a major development, Kia and Hyundai have reached a settlement agreement worth approximately $200 million in response to a class-action lawsuit filed against them. The lawsuit alleged that a significant number of vehicles produced by the Korean automakers were highly susceptible to theft.
In a significant development, Wells Fargo has reached a settlement agreement to pay $1 billion to resolve a class action lawsuit accusing the bank of misleading investors about its progress in rectifying its practices following the notorious fake accounts scandal. If approved by the court, this settlement would rank among the largest recoveries ever obtained from a securities class action lawsuit, according to attorneys representing the plaintiffs.
Primary and excess insurance carriers and their counsel need to pay close attention to a new Texas Supreme Court case Exxon Mobil vs. National Union Fire Insurance Company of Pittsburgh Pennsylvania and Starr Indemnity & Liability Insurance Company, Supreme Court of Texas, Case No. 21-0936.
Inflation, supply chain issues, increased catastrophic losses from climate change, and higher and higher nuclear verdicts mean that insurance carriers are facing higher loss costs and loss ratios to their premium dollar.
Montana has enacted a new law aimed at imposing restrictions on third-party groups involved in financing civil litigation. The measure was signed by Governor Greg Gianforte on May 5.
Nuclear claims are no longer limited to big cities or specific states. Every jurisdiction now has the potential to host cases with eight- or even nine-figure verdicts, a trend driven by increased litigation funding, the need for tort reform, and social inflation exacerbated by attorney advertising and anti-corporate sentiment.
Goldman Sachs has agreed to pay $215 million to settle a long-running class-action lawsuit accusing the Wall Street bank of paying women less than men.
In a tragic incident that shook the University of Georgia football community, a grieving father has taken legal action against the University of Georgia Athletic Association and multiple parties, seeking $40 million in damages for the untimely death of his son, offensive lineman Devin Willock, and recruiting staffer Chandler LeCroy.
Data released Tuesday from the tort reform group Louisiana Lawsuit Abuse Watch says excessive civil court costs led to the loss of nearly 50,000 jobs in Louisiana and $3 billion in personal income losses.
In a significant escalation of their disagreements with Tesla and CEO Elon Musk, seven senators have penned a letter expressing concerns about the handling of worker and customer complaints by the electric vehicle manufacturer.
