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Wal-Mart settles with family of comedian killed in Tracy Morgan crash

Published January 23, 2015 CST

Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.

McDonald's faces civil rights lawsuit from former workers in Virginia

Published January 22, 2015 CST

(Reuters) — Former McDonald's workers in Virginia filed a civil rights lawsuit Thursday against the fast-food chain and owner of restaurants where they worked in the latest bid to hold it legally responsible for the actions of its franchisees.

Marsh, Hiscox executives to join Swiss Re cyber team

Published January 22, 2015 CST

Swiss Re Corporate Solutions on Thursday said it has named former Marsh L.L.C. and Hiscox Ltd. executives to its cyber and technology team.

Falling oil prices place new emphasis on risk management in energy sector

Published January 18, 2015 CST

The ongoing drop in oil prices is putting new emphasis on risk management in the energy sector as insurers brace for potential market changes.

Johns Hopkins physics lab settles racial discrimination charges

Published January 22, 2015 CST

Johns Hopkins University's Applied Physics Laboratory will pay $359,252 to settle discrimination charges made by two African-American women who worked at its Laurel, Maryland, facility, the U.S. Department of Labor's Office of Federal Contract Compliance Programs said Thursday.

Insider trading ruling tests prosecutors beyond Wall Street

Published January 26, 2015 CST

(Reuters) — A court ruling that sharply curtailed the ability of prosecutors including Manhattan U.S. Attorney Preet Bharara to pursue insider trading cases is increasingly testing regulators' abilities across the country.

Court says misleading manual provides FMLA coverage

Published January 26, 2015 CST

A Michigan county road commission employee was entitled to coverage under the federal Family Medical Leave Act, even though the commission was not obligated to provide the coverage, because of a misleading statement in its employee manual, says an appellate court.

Seat belt price fixing charges brought against auto parts exec

Published January 22, 2015 CST

(Reuters) — An executive with the Japanese auto parts maker Takata Corp. was indicted on Thursday for conspiring to fix the prices of seat belts sold to carmakers, the U.S. Justice Department said.

Data breach loss capped at $500,000

Published January 27, 2015 CST

A St. Louis-based supermarket chain has a $500,000 cap on how much it must pay for a data breach it suffered in 2012 and 2013, says a federal court in a case filed by the retailer against its payments processor and merchant bank.

Bank of England calls for lenders to shore up cyber defenses

Published January 23, 2015 CST

(Reuters) — Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said Friday.

Singapore ups ante in cyber security fight

Published January 27, 2015 CST

(Reuters) — Singapore is gearing up for a crackdown on cyber crime with the launch of a central agency and the appointment of a minister in charge of cyber security, the government said on Tuesday, as the wealthy city-state grapples with a rise in online crime.

Unsealed lawsuits tell of alleged fraud by asbestos law firms

Published January 21, 2015 CST

(Reuters) — U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner bigger fees, according to recently unsealed lawsuits.

Google, Viacom win dismissal of children's Internet privacy lawsuit

Published January 21, 2015 CST

(Reuters) — Google Inc. and Viacom Inc. won the dismissal of a nationwide privacy lawsuit accusing them of illegally tracking the Internet activity of boys and girls who visited Nickelodeon's website in order to send targeted advertising.

Cyber risk management course offered by The Institutes

Published January 27, 2015 CST

The Institutes on Tuesday said it has launched a course focused on mitigating cyber risk exposures and responding to cyber threats.

Malaysia Airlines website targeted by hacker group 'Cyber Caliphate'

Published January 26, 2015 CST

(Reuters) — A group calling itself “Official Cyber Caliphate” said it hacked on Monday the official website of national carrier Malaysia Airlines, but the airline said its data servers remained intact and passenger bookings were not affected.

XL offers excess professional liability follow-form policy in U.S., Canada

Published January 21, 2015 CST

XL Group P.L.C. has launched an excess professional liability follow-form policy in the United States and Canada.

Sony hack serves as wake-up call, boosts interest in cyber security protocol

Published January 18, 2015 CST

The cyber attack on Sony Corp. has been a wake-up call for many senior managers nationwide who were not already motivated by earlier hacking events.

Risk managers should step up as SEC targets cyber security

Published January 18, 2015 CST

The U.S. Securities and Exchange Commission has sharpened its focus on cyber security preparedness, says Daniel Garrie, co-head of the cyber security practice at Zeichner, Ellman & Krause L.L.P. law firm in New York. Risk managers now have the opportunity to help guide their organizations as they seek to address the vast legal liabilities that are arising from cyber risks.

D&O liability insurance market remains competitive with ample capacity

Published January 04, 2015 CST

The directors and officers liability insurance market remains a buyers' market, with competitive prices and ample capacity.

S&P settles ratings fraud charges over mortgage-backed securities

Published January 21, 2015 CST

Standard & Poor’s Corp. has agreed to pay a total of about $77 million to settle charges of fraudulent misconduct in its ratings of certain commercial mortgage-backed securities, the U.S. Securities and Exchange Commission said Wednesday.

D&O liability and insurance market newcomers contributing to soft market

Published January 04, 2015 CST

Observers say some relative newcomers to the directors and officers liability insurance market are contributing to the soft market, although none are charged with acting irresponsibly.

Oppenheimer to pay $20M over improper stock sales

Published January 27, 2015 CST

(Reuters) — Oppenheimer & Co. will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags.

Target tries to pin breach costs on credit card issuers in latest legal move

Published January 16, 2015 CST

Credit card issuers themselves are responsible for any losses they sustained as a result of the Target Corp. breach, says the retailer, in a court filing Thursday in response to litigation filed by the financial institutions.

Ex-NFL players' case against EA Sports' video game franchise can proceed

Published January 07, 2015 CST

A federal appeals court has refused to dismiss a case filed by former professional football players against a video game producer over the use of their likenesses.

United Airlines attendants claim fired over their security concerns

Published January 08, 2015 CST

(Reuters) — A group of 13 flight attendants say they were illegally fired by United Airlines after refusing to fly on a Hong Kong-bound plane last July that had a “threatening” message scrawled under its tail engine, according to a complaint filed with the U.S. Department of Labor.