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

By: Judy Greenwald

Published January 23, 2015 - 1:08pm 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.

Bank of England calls for lenders to shore up cyber defenses

Published January 23, 2015 - 12:21pm 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.

Johns Hopkins physics lab settles racial discrimination charges

By: Judy Greenwald

Published January 22, 2015 - 3:07pm 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.

Seat belt price fixing charges brought against auto parts exec

Published January 22, 2015 - 2:08pm 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.

Marsh, Hiscox executives to join Swiss Re cyber team

By: Shelby Livingston

Published January 22, 2015 - 1:09pm 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.

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

Published January 22, 2015 - 11:33am 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.

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

By: Shelby Livingston

Published January 21, 2015 - 3:39pm CST

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

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

By: Judy Greenwald

Published January 21, 2015 - 3:17pm 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.

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

Published January 21, 2015 - 2:38pm 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.

Unsealed lawsuits tell of alleged fraud by asbestos law firms

Published January 21, 2015 - 2:26pm 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.

Home Depot lawsuits put on separate consumer, financial institution tracks

By: Judy Greenwald

Published January 20, 2015 - 1:21pm CST

The federal judge overseeing litigation in connection with The Home Depot Inc. data breach has set up separate consumer and financial institution litigation tracks.

BP to push for lower fine in penalty phase of Gulf spill trial

Published January 20, 2015 - 11:34am CST

(Reuters) — BP P.L.C. will try to whittle away at $13.7 billion in potential fines under the Clean Water Act as the penalty phase in its trial over the 2010 Gulf of Mexico oil spill starts Tuesday.

U.S. Supreme Court rules for Teva over multiple sclerosis drug patent

Published January 20, 2015 - 11:24am CST

(Reuters) — The U.S. Supreme Court on Tuesday ruled for Teva Pharmaceutical Industries Ltd. in its fight with generic drug manufacturers over patent protections for Copaxone, its top-selling multiple sclerosis drug, by sending the case back to a lower court for further review.

Willis names Phil Smaje to lead U.K. broking strategy

By: Sarah Veysey

Published January 20, 2015 - 9:48am CST

Phil Smaje on Tuesday was named to the newly created role of chief broking officer for Willis GB, the unit of Willis Group Holdings P.L.C. that includes its U.K. retail insurance, facultative and London specialty businesses.

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

By: Judy Greenwald

Published January 18, 2015 - 6:00am 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.