According to the Wall Street Journal, the New York State Common Retirement Fund (NYSCRF) is mulling over the decision to sue BP over some 17.5 million shares the fund has in the company. With BP’s legal team fending off lawsuits left and right for their management of the catastrophic Gulf of Mexico oil spill – …
These days, nearly every profession runs the risk of being sued by a disgruntled employee or a dissatisfied client or business associate. This is why there are so many different kinds of insurance policy available to cover the specific needs and legal risks of each line of work. An illustrative example of this is professional …
The son of a deceased rail worker in Swindon has been paid £120,000 in compensation after it was found that exposure to asbestos whilst at work caused his death. Daniel Neale pursued the claim against BRB (Residuary) – formerly called British Rail – on behalf of his family, claiming that the company’s negligence resulted in …
US retail giant Wal-Mart is reportedly being sued for negligence after a customer slipped, fell and became injured on a wet floor in a store in Louisiana. The complainant, Opal Lennix, claims she was shopping the shoe department of a Wal-Mart store in LaPlace, Louisiana, when the accident happened. She claims that she slipped and …
In yet another high profile case the company’s professional indemnity team will most likely have to tackle, consumer electronics giant Apple has been sued by an online media company in California over the naming of a new mobile-advertising platform for the iPhone. Innovate Media Group – based in Costa Mesa in Southern California – are …
The bassist from internationally successful Irish band U2 has reportedly made a solo move to sue the group’s financial manager Gaby Smyth for negligence. According to reports, founding member Adam Clayton has filed a professional negligence lawsuit against Gaby Smyth – also naming two other accountants in the legal documents – who has managed U2’s …
Nowadays, professional insurance is fast becoming an essential component of modern business, no matter what the industry. There are insurance products available to cover every type of legal risk your company may face – employee lawsuits, tax investigation, public liability issues etc – and more importantly, insurance is being tailored to the nature and needs …
The Recording Industry Association of America (RIAA) is reportedly seeking millions of pounds in damages from file-sharing company LimeWire as their long-running legal dispute is finally resolved. The RIAA officially won their case against LimeWire earlier this year, after a legal battle over copyright infringement that has lasted four, very expensive, years. The court ruled …
Businesses who have or are considering taking out a professional indemnity insurance policy will know that cover is generally provided for libel and slander. This issue can affect a number of professions – from publishing and journalism to broadcasters – resulting in expensive and lengthy defamation lawsuits. This week has seen the publication of Lord …