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Washington Startup’s Ex-CFO Accused of Diverting $35M, Losing It in Crypto

The former chief financial officer of a Seattle, Washington-based startup took $35 million of his employer’s money without permission and lost it by investing in cryptocurrency before the crypto market crashed last year, according to a federal indictment returned by …

Columnist Seeks to Add $10M to Defamation Case for Trump’s Post-Verdict Comments

E. Jean Carroll, the advice columnist who won a $5 million sexual abuse and defamation award against former President Donald Trump, is seeking at least $10 million more in a court filing Monday that seeks to hold him liable for …

Truck Driver in Multi-Vehicle Freeway Crash That Killed 7 in Oregon Arrested

The driver of a semitruck that slammed into a passenger van on Interstate 5 in western Oregon, killing 7 people in one of the state’s deadliest crashes in recent years, was arrested on suspicion of manslaughter, DUI and other charges, …

Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank

The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part of the financial system could quickly spread and threaten overall financial stability. In an annual review of Canada’s financial system, …

Michigan’s Mackinac Bridge Cleared as Safe After Being Hit by Crane

ST. IGNACE, Mich. (AP) – A crane being towed on a barge hit the main span of the Mackinac Bridge, although an official says inspectors found no significant damage to the span linking the Michigan’s lower and upper peninsulas. The …

Wisconsin’s United Mutual to Merge Into Ohio Mutual Holding Company Structure

Ohio Mutual Insurance Group announced that it has reached agreement to merge Medford, Wisconsin-based United Mutual Insurance Company as a subsidiary under Ohio Mutual’s mutual holding company structure. The boards of directors for both organizations voted on May 17 to …

Iowa Woman Sentenced to 3 Counts of Insurance Fraud

The Iowa Insurance Division (IID) announced Kathryn Hosmer, age 36, of Davenport was sentenced on May 18, 2023, after pleading guilty to three counts of Insurance Fraud – Presenting False Information (Class D Felony) following an investigation by the IID’s …

Families of Uvalde Victims Dig In for New Test of Gun Industry Protections

AUSTIN, Texas (AP) – After Mayah Zamora was shot and wounded at Robb Elementary School, her family did what many mass shooting survivors do: They sued. They sued the store off Main Street in Uvalde, Texas, that sold the teenage …

Travel Insurtech Faye Raises $10M in Series A Funding

Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures along with …

Special Trustee Appointed to Assist Clients of McClenny Moseley

The Louisiana Supreme Court appointed an attorney to take control of the “multitude of hurricane and storm-related” lawsuits filed in state courts by McClenny Moseley and Associates. In an order posted online Thursday, the high court named Edward J. Walters …

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