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Tracy Morgan sues Wal-Mart and its trucking unit for negligence

Published July 20, 2014 CST

Comedian Tracy Morgan is accusing Wal-Mart Stores Inc. with being “careless and negligent” in a lawsuit following an accident in the early morning of June 7 on the New Jersey Turnpike in which a Wal-Mart truck driver hit his limousine, killing one passenger and seriously injuring him and other passengers.

Reported data breaches running 20.5% higher than in 2013: Report

Published July 24, 2014 CST

The number of data breaches so far this year, at 411, is a 20.5% increase over the same time period last year, says the Identity Theft Resource Center, in a report issued Wednesday.

Unpaid intern doesn't count as employee in retaliation case: Wis. high court

Published July 24, 2014 CST

An unpaid psychologist intern is not considered an employee and therefore not entitled to protections under Wisconsin's anti-retaliation law for health care workers, the Wisconsin Supreme Court ruled Tuesday.

Insurance specialist law firm Kaufman Dolowich & Voluck adds partners

Published July 25, 2014 CST

Insurance specialist law firm Kaufman Dolowich & Voluck L.L.P., based in Woodbury, New York, on Thursday said it has added two partners to its staff.

Citigroup unit pays record penalty to settle SEC charges

Published July 25, 2014 CST

(Reuters) — A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.

Evidence of racial discrimination in Cablevision case overlooked: Appeals court

Published July 25, 2014 CST

A federal court overlooked evidence when it dismissed the racial discrimination and retaliation claims of a fired African-American area operations manager at Cablevision Systems Corp., a U.S. appeals court ruled Friday in reinstating the charges.

Ex-BizJet CEO pleads guilty in Latin American bribe scandal

Published July 25, 2014 CST

The former president and CEO of Oklahoma City-based BizJet International Sales & Support Inc. has pleaded guilty for his participation in a scheme to pay bribes to Mexican and Panamanian government officials.

EEOC sues employer for demanding health care details for worker absences

Published July 28, 2014 CST

The EEOC has filed suit against a construction equipment supplier, charging that it violated the Americans with Disabilities Act by improperly demanding disability-related information from its workers.

Senator balks at House hearing on FTC data-breach case against LabMD

Published July 24, 2014 CST

Sen. Jay Rockefeller, D.-W.Va., is accusing Rep. Darrell Issa, R-Calif., of “impropriety” and “using heavy-handed bullying tactics” in allegedly interfering with Federal Trade Commission action against medical testing laboratory LabMD Inc., which has been accused of failing to protect consumers’ personal data.

Greenbrier says rapid phase-out of older oil-by-rail tank cars doable

Published July 24, 2014 CST

(Reuters) — A top U.S. railcar maker, The Greenbrier Companies Inc., said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is “aggressive” but can be done.

OFF BEAT: Apparel maker has ‘Duck Dynasty’ camo in its sights

Published July 25, 2014 CST

A Florida apparel manufacturer is taking aim at a line of camouflaged T-shirts from the once-popular reality TV series “Duck Dynasty.”

Morgan Stanley to pay $275M penalty for misleading RMBS investors

Published July 24, 2014 CST

(Reuters) — The U.S. Securities and Exchange Commission said on Thursday it had charged Morgan Stanley with misleading investors about two mortgage-backed securities it issued before the 2008 financial crisis, and that the bank would pay $275 million to settle the case, according to a press release.

Standard & Poor's may face SEC charges over ratings

Published July 24, 2014 CST

(Reuters) — The parent of Standard & Poor’s, which is defending against a $5 billion lawsuit by the federal government over its credit ratings, said on Wednesday it may soon also face U.S. Securities and Exchange Commission charges over another set of ratings.

OFF BEAT: Dog slips disc in tall grass, owner wants vet bill reimbursed

Published July 28, 2014 CST

The legal arena can be a dog-eat-dog world, but one pet owner from England is taking on her local council to seek compensation for injuries her dog sustained while undertaking that most clichéd of dog activities: chasing a cat.

Lloyds Bank fined $370M for rigging Libor interest rates

Published July 28, 2014 CST

(Reuters) — Britain's Lloyds Banking Group P.L.C. has agreed to pay fines totaling $370 million to U.S. and British authorities investigating its part in a global interest rate rigging scandal and manipulating fees for a U.K. government lending plan.

Airline war risk insurance expected to rise due to global conflicts

Published July 24, 2014 CST

(Reuters) — Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of a Malaysia airplane over Ukraine, A.M. Best Co. Inc. said Wednesday.

Court reinstates former Indiana prison counselor's sex discrimination case

Published July 24, 2014 CST

An appeals court has reinstated sex discrimination and hostile work environment claims filed by a former Indiana prison substance abuse counselor, who was fired because she had an affair with a co-worker.

Seattle man gets 1½ years for Microsoft insider trades

Published July 25, 2014 CST

(Reuters) — An online stock trader who profited from inside information passed to him by a former Microsoft Corp. finance employee was sentenced to 1½ years in prison in Seattle on Friday.

European Central Bank reports data breach of public website

Published July 24, 2014 CST

The European Central Bank on Thursday reported a breach of its public website, saying it learned about the event after getting an anonymous email seeking financial compensation for the stolen data.

Wyndham ruling boosts FTC's authority to investigate cyber security breaches

Published April 27, 2014 CST

Companies can expect more Federal Trade Commission investigations of their data security practices as a result of a judge allowing the FTC to sue the Wyndham hotel chain on grounds it failed to protect customers' personal information.

Regulatory investigation coverage is available under cyber insurance policies

Published April 27, 2014 CST

Observers say coverage for regulatory investigations is available under cyber insurance policies.

Smith & Wesson settles charges of bribing foreign officials for $2M

Published July 28, 2014 CST

Gunmaker Smith & Wesson Holding Corp. has agreed to pay $2 million to settle U.S. Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act by bribing foreign officials in several countries, the agency said Monday.

Canada accuses Chinese of trying to hack government network

Published July 29, 2014 CST

(Reuters) — Canada on Tuesday took the unusual step of singling out Chinese hackers for attacking a key computer network and lodged a protest with Beijing, raising tensions at a time when Ottawa wants to boost oil sales to China.

Product liability case against Smith & Wesson reinstated on appeal

Published July 29, 2014 CST

A federal court should have admitted a plaintiff expert’s testimony, even though it contradicted the plaintiff’s own testimony regarding the circumstances of his accident, says a federal appeals court.

Abbott Labs' $84M insurance award in claims dispute over obesity drug upheld

Published July 29, 2014 CST

An Illinois appeals court has upheld an $84.5 million insurance award to drugmaker Abbott Laboratories in a breach-of-contract claim against several Lloyd’s of London syndicate underwriters.