More relatives of people shot to death at a Colorado supermarket in 2021 are suing Connecticut-based gun-maker Sturm, Ruger & Co. over how it marketed the firearm used in the massacre, adding to litigation first filed earlier this month against the company.
At the end of 2022, the U.S. Government Accountability Office (GAO) released a report, Third-Party Litigation Financing: Market Characteristics, Data and Trends. Defining third-party litigation financing or funding (TPLF) as ‘an arrangement in which a funder who is not a party to the lawsuit agrees to help fund it,’ the investigative arm of Congress looked at the global multibillion-dollar industry, which is raising concerns among insurers and some lawmakers.
Businesses and individuals enter into indemnification or hold harmless agreements to protect one party of the transaction from the risks or liabilities created by the other party of the transaction.
The Florida Senate on Thursday gave final approval to a far-reaching bill aimed at helping shield businesses and insurance companies from lawsuits, with supporters saying it will rein in ‘billboard lawyers’ and opponents saying it will harm consumers.
A judge has granted class action certification to a lawsuit involving 39 plaintiffs across 26 states -- including Michigan -- that accuses General Motors of knowingly selling cars with faulty transmissions.
A federal appeals court on Friday reversed a lower court ruling in Lloyd’s favor in a property damage case stemming from Hurricane Harvey, ruling that the lower court judge had improperly excluded evidence in the case without the required analysis.
A new antitrust class action has been filed against Tesla accusing the company of unlawfully curbing competition for maintenance and replacement parts, which the lawsuit claims has resulted in exorbitant prices and long wait times for repairs.
Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state’s attorney general said Tuesday.
An insurance company is being sued by customers who claim they were unpaid on claims because the carrier deducted labor depreciation from their payouts. Illinois residents Betty and Daniel Grawe filed a class action complaint against Trumbull Insurance Co. last month, claiming it shortchanged them on a property damage claim from May 2021.
Signature Bank (SBNY.O) and three former top executives were sued on Tuesday by shareholders who accused the New York bank of fraudulently proclaiming it was financially strong a mere three days before it was seized by a state regulator.
The National Insurance Crime Bureau (NICB) has applauded the Florida House Judiciary Committee and the Senate Committee on Banking & Insurance for passing two significant bills aimed at reducing insurance lawsuit abuse.
As a general rule, if a policyholder reasonably attempts to settle a case for an amount at or within the limits of its insurance policy, the insurance company must put the policyholder’s interests above its own.
A federal district court has refused to entirely dismiss COVID-19 business interruption litigation filed by the owner of several Washington, D.C., professional sports teams, based on its coverage’s communicable disease provisions.
