Sealed Air Corp, maker of bubble wrap, Friday offered $838 million to settle its fraudulent conveyance case with asbestos plaintiffs, who charged that W.R. Grace sold Cryovac to Sealed Air for less than its market value to shield the unit from asbestos claims. The company was scheduled to go on trial next week. The Cryovac [...]

SAN JOSE, CA - On Monday proceedings began for the first trial to test the criminal provisions of the Digital Millennium Copyright Act. ElcomSoft Co. Ltd., a software company based in Moscow, faces five counts of violating criminal provision of the law for conspiring, marketing and selling a product that cracks a security device by [...]

Recent lawsuits brought against companies where employees are involved in accidents while using wireless gadgets have prompted employers to develop policies that will prevent or reduce their exposure to such cases. It is uncertain what kind of policy will guard companies against such liability.
“Employers have been liable for negligence for years, but the application of [...]

HOUSTON - State officials and Farmers Insurance Group reached a settlement Saturday, the company agreed to pay $100 million to settle accusations of gouging home insurance customers. Farmers will refund customers $65 million and agreed to a 6.8 percent rate reduction valued at $35 million. As part of the settlement the company will pay no [...]

BOSTON – Financial Advisors to Cardinal Bernard F. Law unanimously support the idea of the Roman Catholic Archdiocese of Boston filing for bankruptcy – a potentially attractive strategy for dealing with the hundreds of pending lawsuits it faces over sexual abuse by members of clergy.
“There are a lot of very, very practical reasons why [...]

WHITEFISH BAY, WI — Within weeks of moving in, Brian and Kaare Lotz learned there recently purchased home was uninhabitable and could be neither insured or sold because it was contaminated with toxic mold. The mold was so extensive that the Whitefish Bay building inspector ordered the house razed. Mold was not found in the [...]