Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding for a total of $775 million, court documents on Monday …
Federal judges in California are cracking down on warped incentives in class-action lawsuits, exerting tighter oversight of settlements that provide hefty fees for plaintiff lawyers but no meaningful benefit for those harmed by corporate misdeeds. A recent example was the …
Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said. It is the first settlement to result …
It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon level of …
The U.S. Supreme Court rejected an appeal from a photographer who said Nike Inc. stole key aspects of his iconic photo of basketball star Michael Jordan and used them to sell billions of dollars in shoes and other merchandise. The …
There has been plenty of talk about how cyber continues to evolve in an ever-changing technology landscape, how cyber risks have become increasingly sophisticated and how the insurance industry needs to keep pace. Meanwhile, the question of how to transform …
Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of $150,650,000. Insurance Acquisition Corp. is a …
HoneyQuote.com has added a new carrier partner and launched its real-time rating engine, which lets Florida homeowners compare multiple home insurance quotes and purchase a policy online. The application is backed by proprietary technology that allows users to see in …
Western Growers has promoted Darcie Floyd to the insurance services team as the director of employee benefits. Floyd will be responsible for supporting the production employee benefits to new and existing customers. She will also oversee employee benefit account executives. …
West Virginia will receive $14.6 million in federal funds to fight opioid addiction. U.S. Sens. Joe Manchin and Shelley Moore Capito announced the funding in a news release Thursday from the U.S. Department of Health and Human Services. The grant …
