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...Rolling litigation against cigarette makers from the early 1980s onwards led to payouts and culminated in the 2000 master settlement in which four tobacco companies paid out $206bn to 46 states for suppressing...
...“I think we’re entering . . . a golden moment for climate litigation,” says Jolyon Maugham, founder of the non-profit Good Law Project....
...The letter says that: “Manufacturers and users of PFAS chemicals are exposed to deep liability and insurance risks, reminiscent of those historically linked to asbestos.”...
...Investors are stepping up pressure on companies to end the production and use of hazardous “forever chemicals” amid concerns over increasing litigation and regulatory scrutiny....
...US property and casualty insurers could face $40-180B in losses related to PFAS litigation....
...The litigation “will cost millions”, he said, “but we’re not only committed to going all the way, we’re going all the way.”...
...Two-thirds of TPLF settlements for commercial litigation go to large rather than small companies, according to Swiss Re. But even funders working with big companies like to claim the moral high ground....
...That principle had been attacked by “the litigation industry” in recent years, that person claimed, adding that Bayer was calling on state lawmakers to “reconfirm that the EPA [rather than an individual...
...Paul Webber, head of asbestos litigation in the London office of JMW Solicitors, says that the asbestos industry continues to leave its legacy almost a century after the first regulations were enacted in...
...Hartley says: “In-house lawyers need to recalibrate their thinking on where that red line is so they know when to turn around to the person they’re advising and say, ‘No, we cannot do that’.”...
...“You ought to be very frightened if you’re a CEO,” reckons former Unilever chief executive Paul Polman, who has supported some climate litigation....
...So collectively, this is, you know, some of the biggest litigation facing Berkshire in at least my time covering the company for many years....
...In 2020 he told the Financial Times that litigation was inevitable in the real estate business, saying: “If you’re not being sued by people, you’re not doing enough work.”...
...But they're now proving themselves among the best eco-warriors in the US....
...“If the conditions that you’re working in are atrocious, that will undermine your morale and you’ll be less inclined to stick with that job.”...
...“Obviously they’re different industries, but if you’re going to recruit people to a new platform, it’s helpful to have a team excited by a bold new opportunity,” he said. “It’s a similar road map.”...
...We would much rather solve this in a nice and constructive way, which is what we’re working towards doing....
...The company has said its talc is asbestos free and had not caused cancers but argues that settling current and future claims in the bankruptcy system would be preferable to fighting talc claims in the courts...
...In one of the hearings in the protracted dispute between the relatives of the 85-year-old woman, the judge said any financial benefits for the parties from pursuing litigation had been “seriously depleted...
...The energy division also encompasses HomeServices of America, a real estate brokerage enmeshed in its own litigation....
...Some specifics, like the plan to create fast track courts, which could speed up litigation....
...Do you have thoughts on how much of a threat to Biden’s re-election the rise in petrol (or gasoline) prices could be? Are you beginning to feel the squeeze? Get in touch: myles.mccormick@ft.com....
...“Game on; and we’re up for it”. The FCA said: “This redress scheme offers the quickest route for redress for the vast majority of people....
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