Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, reported Bild am Sonntag, the Berlin-based newspaper. The paper said VW engineers tampered with tire pressure and …
An $18 billion liability figure attached itself last Friday to Volkswagen’s diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a scandal spreading worldwide. How to make sense of …
An anchor for Fox News Channel has sued Hasbro Inc. for more than $5 million over the company’s sale of a plastic toy hamster that shares her name, and which she says resembles her. In a complaint filed on Monday, …
The launch of the “.sucks” domain back in March sent a wave of panic through company public relations teams. The idea that someone could tarnish a brand name by cyber- squatting on, say, Vodafone.sucks, ManchesterUnited.sucks or LloydsBank.sucks led to a …
“Food manufacturers operate in a vast, globalized supply chain, where one mislabeled product or contaminated ingredient can cause sickness, death, multi-million dollar losses and massive reputational damage for the affected companies,” says a new report – Swiss Re’s “Food Safety …
The parents of three Charleston, S.C. football players have filed a lawsuit claiming characterizations of the team’s controversial post-game watermelon ritual damaged their sons’ reputations. The Post and Courier of Charleston reported that the parents are suing the Charleston County …
After last month’s launch of its cyber liability including professional indemnity coverage for technology companies, XL Group has announced “the launch of a second, more general cyber risks insurance solution serving mid- and large-sized companies across a broad range of …
With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is that however much they …
The developer of a mold- and water-plagued condominium complex in Manatee County alleges in a lawsuit that a handful of former and current residents conspired to hack emails and to create a website slamming the company in an effort to …
A federal jury in Oregon has awarded $18.6 million to a woman who spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report. The Oregonian reported that the award is likely to …
