Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Kanye West years before ending its partnership with him.
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Wells Fargo Shareholders Approve Requiring Workplace Harassment, Discrimination Report
Wells Fargo & Co. shareholders approved Tuesday a proposal requiring an annual board report on the bank’s efforts to prevent workplace harassment and discrimination.
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said.
JPMorgan Purchases First Republic Bank
Regulators seized and struck a deal to sell the bulk of its operations to JPMorgan Chase & Co., heading off a chaotic collapse that threatened to reignite the recent banking crisis.
Weekend Tornadoes Rip through Coastal Florida and Virginia Causing Major Damage
A pair of weekend tornadoes struck along the coastal Atlantic touching down on Virginia and Florida as powerful winds and heavy rains hit parts of the South.
Frustration Grows Over Wait on Purdue Pharma’s OxyContin Settlement
More than a year after OxyContin maker Purdue Pharma reached a tentative settlement over the toll of opioids hat was accepted nearly universally by the groups suing the company money is still not rolling out.
New Rules Engine from Verisk Powers Transformation in Property Claims Estimation
Quick and automated review of property claims estimates could soon become standard for the insurance industry in large part due to the launch of the powerful and flexible XactXpert from Verisk.
Hub International’s Market-Leading Position Attracts Investment by Leonard Green
Hub International Limited (HUB), a leading global insurance brokerage, announced today that it has entered into an agreement with Leonard Green & Partners, L.P. (LGP), a Los Angeles-based private equity firm.
Auto Insurance Shopping Reaches New Highs as Premiums Surge: J.D. Power Finds
There’s a sharper focus on saving money as large numbers of auto insurance customers shop for new policies and switch to new carriers, largely based on price.
Marsh: Global Commercial Insurance Pricing Rose 4% in 1Q 2023
Global commercial insurance pricing rose 4% in the first quarter of 2023, the same as in the prior quarter.