Monthly Archives: <span>January 2023</span>

FTX Reports $415M in Hacked Crypto, Bankman-Fried Says FTX U.S. Is Solvent

Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over $5 billion in crypto, cash and liquid securities, but that …

Arizona Father Seeking Answers After Son Dies in State Care

Richard Blodgett, a single father, was jailed on a drug charge when a worker from Arizona’s child welfare agency delivered the news: His son was brain dead and on life support, just days after being taken into state custody. Blodgett …

Heritage Insurance Authorizes Another Stock Repurchase Plan After Downgrade, Losses

The board of directors for Tampa-based Heritage Insurance Holdings has authorized the repurchase of $10 million in shares from stockholders, marking the second buy-back plan in recent months. The super-regional company (HRTG on the New York Stock Exchange), made the …

California Lawsuit Filed over Oil And Gas Drilling Ban

An oil company sued the city of Los Angeles over its recent law to ban the drilling of new oil and gas wells and to phase out existing ones within city limits over the next two decades. Warren Resources filed …

Washington Bill Would Force Period Tracking Apps to Follow Privacy Laws

When the Supreme Court last June stripped away constitutional protections for abortion, concerns grew over the use of period tracking apps because they aren’t protected by federal privacy laws. Privacy experts have said they fear pregnancies could be surveilled and …

Costco Must Face Lawsuit Over ‘Dolphin Safe’ Tuna Claim

A U.S. judge on Tuesday said Costco Wholesale Corp. must face a lawsuit claiming it falsely advertises and labels its canned tuna as “dolphin safe” despite using fishing methods that harm and kill dolphins. U.S. District Judge William Orrick in …

Nepal Plane Crash Data Box Sent to France for Analysis

POKHARA, Nepal (AP) — Nepalese authorities on Tuesday began returning to families the bodies of plane crash victims and were sending the aircraft’s data recorder to France for analysis as they try to determine what caused the country’s deadliest air …

Germany to Drop Mask Mandate in Long-Distance Transport Next Month

Germany will soon drop a mask mandate on long-distance trains and buses, one of the country’s last remaining COVID-19 restrictions, the health minister said Friday. The mandate will be dropped on Feb. 2, Health Minister Karl Lauterbach announced in Berlin. …

Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer

Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row, according to Allianz’s Risk Barometer 2023. At the same time, macroeconomic developments such as inflation, financial market volatility and a looming recession, …

Duane Morris: 2022 Was a Banner Year for Billion-Dollar Class Action Settlements

Drugmakers and distributors that settled misconduct allegations related to the national opioid epidemic led to a banner year for class-action plaintiffs in 2022, with 15 settlement agreements that totaled $1 billion or more, according to a report by the Duane …