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...Shares in the company plummeted last Friday as investors scrambled to calculate how big a dent further plaintiff awards might leave, and whether its liability could reach the dizzying amounts shelled out...
...Before Daynard provided a blueprint for litigating against Big Tobacco through his legal-resource group, the Tobacco Products Liability Project, “there was complete consensus among almost all legal authorities...
...It added that the Delaware ruling would only determine whether plaintiffs’ evidence could be presented at trial, and would “neither provide a view on the merits of forthcoming cases, nor determine liability...
...The German conglomerate maintains that the product is safe and says scientific research supports that view....
...A revised Product Liability Directive reverses the burden of proof on manufacturers of physical and digital goods....
...Reckitt has not estimated its potential liability because it is confident it can appeal against the verdict....
...Sotheby’s has been cleared of liability in a lawsuit brought by Russian billionaire Dmitry Rybolovlev, who had accused the famed auction house of participating in an alleged scheme to overcharge him for...
...Legal scholars have debated whether releases have become too common as companies or organisations facing a pile of “tort” lawsuits over defective products or corporate malfeasance file for bankruptcy in...
...Anderson is also facing new concerns over the Roundup litigation, one of the biggest product liability cases in corporate history....
...Sotheby’s “strenuously denies all claims,” confirms its counsel, Marcus Asner of Arnold & Porter....
...Product liability victims clearly understand that dragging cases out is an expensive tactic now that the time value of money has gone up....
...Plaintiffs had won 10 of these, and juries had awarded almost $300mn in damages....
...In 2021, Bayer said it would stop selling consumer products with that specific ingredient....
...Hossein Nowbar, general counsel of corporate legal affairs at Microsoft, acknowledged customers’ concerns about the risk of IP infringement claims if they use the output produced by generative AI....
...Deutsche Bank also did not admit liability as a part of its settlement....
...Most of Evergrande’s assets are in mainland China, and offshore creditors are structurally subordinated to creditors onshore, where most of Evergrande’s $300bn in liabilities are owed....
...The Body Shop’s problems predate Aurelius’s ownership with competition increasing from brands such as Lush and L’Occitane, as well as other beauty lines that developed their own products marked as ethical...
...It makes plaintiff lawyers think twice before they pursue such claims, Riehl says....
...If approved, it would become the largest product liability settlement in bankruptcy history, according to lawyers involved in the case....
...But the court ruled plaintiffs had failed to prove the companies were at fault....
...Bayer says it has won seven straight trials, a string of victories that has calmed investor anxieties over litigation liabilities....
...Why wouldn’t a widely distributed investment product enjoy the protections of the securities laws?...
...If approved, the payout over 25 years would be one of the largest product liability lawsuits in US history....
...To paraphrase Winston Churchill, Chapter 11 bankruptcy is the worst way of resolving product liability — except for all the others....
...The company added that, in the Hamburg case, the plaintiff and her lawyers had failed to demonstrate a “causal relationship between the adverse events and the vaccine” rather than a coincidental one and...
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