National News

Apple Resumes Sale of Watches After Appeals Court Lifts Ban

Apple Inc. said it would put its latest smartwatch models back on sale in its US retail stores Wednesday after it won a court ruling in a patent fight, providing a quick reprieve for its $17 billion business. The company …

Twitter Violated Contract by Failing to Pay Millions in Bonuses, Judge Rules

Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday. Mark Schobinger, who was Twitter’s senior director of compensation …

Alibaba Must Face Lawsuit Over Counterfeit Squishmallows

A U.S. judge on Wednesday rejected Alibaba’s bid to dismiss a lawsuit over the alleged sale by various merchants of counterfeit versions of the popular children’s toy Squishmallows on its online platforms. U.S. District Judge Jesse Furman in Manhattan said …

US Seizes BlackCat Ransomware Site, Offering Decryption Tool

The US Justice Department seized websites belonging to a notorious Russian-speaking ransomware group, upending hackers that have extorted millions of dollars from victims around the world. The website for the extortion group BlackCat, also known as ALPHV or Noberus, on …

US Workplace Stress at All Time High, Survey Says

Stress at work has reached epidemic proportions and shows little decline in 2023, according to the American Psychological Association’s “Work in America Survey: Workplaces as Engines of Psychological Health & Wellbeing.” The national survey found that 77% of U.S. workers …

Top Insurance Journal D&O Stories of 2023

Million-dollar court cases, expert predictions and in-depth market analysis — Insurance Journal’s top-read directors and officers insurance stories in 2023 scrutinized notable national headlines through a D&O lens. Meanwhile, big-picture evaluations continued to draw attention, as did a legal dispute …

Microsoft, OpenAI Sued by New York Times for Copyright Infringement

The New York Times Co. sued Microsoft Corp. and OpenAI Inc. for the use of content to help develop artificial intelligence services, in a sign of the increasingly fraught relationship between the media and a technology that could upend the …

SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023

Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic, ended this year with a string of big bankruptcies and even bigger losses for shareholders. At least 21 firms that …

Iranian-Linked Hacks Expose Vulnerabilities of US Water System

In late November, an Iranian-backed hacking group attacked Israeli-made digital controls commonly used in the water and wastewater industries in the US, affecting multiple organizations across several states. That same month, the North Texas Municipal Water District, which supplies water …

Into the Surge in High-Stakes Verdicts: A Deep Dive Into Nuclear Verdicts

In recent years, the insurance industry has been grappling with a growing concern: the surge in what is now termed “nuclear verdicts.” As the name suggests, these are not just ordinary legal outcomes. These verdicts are particularly high jury awards …

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