Lawsuits Financial News

XRP (XRP), the cryptocurrency that powers the XRP Ledger launched over a decade ago by US fintech firm Ripple Lab, has jumped in the last hour following reports that the US Securities and Exchange Commission (SEC) has dropped lawsuits against two key Ripple executives.

Dabur today fell up to 2.5% to day's low at Rs 520.45 after it was reported that its subsidiaries were among companies sued in the US and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues. «Currently, the cases are in the pleadings and early discovery phases of litigation. There are various motions pending as well.

Dabur International Ltd, claiming that their hair-relaxer products caused ovarian and uterine cancer, according to a report by CNBC-TV18. Dabur International Ltd sells over-the-counter hair straightener and relaxer products under various brand names. According to the report by CNBC-TV18, there are 5,400 cases in multidistrict litigation (MDL). «Cases filed in the US and in Canada against 3 subsidiaries of Dabur,» the report claimed. However, the company said defence costs for the litigation are expected to breach the materiality threshold in the near future. Currently, cases are in the pleadings and early discovery phases of litigation. «There are various motions pending as well.

(Reuters) — Dabur India said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues.

By Isla Binnie

A Southern California county has filed lawsuits alleging that the negligence of a power company caused two wildfires that collectively burned thousands of acres and prompted tens of thousands of evacuations

Lawsuits that aim to hold major players in the fossil-fuel industry responsible for climate change are entering a critical phase, as several state courts this fall are considering whether the cases can move forward. Several states including Delaware, Massachusetts, New Jersey and Rhode Island, and dozens of municipal governments, have accused the world’s largest energy companies of playing down the industry’s contributions to climate change. The lawsuits, some of which date to 2017, seek financial damages based on claims that range from public nuisance and negligence to consumer deception and racketeering.

Elon Musk’s X Corp. has agreed to try to settle claims by thousands of former Twitter employees who say they were cheated of severance pay when the billionaire laid them off after acquiring the social media platform last year, according to a memo by a lawyer for the workers seen by Bloomberg News.

By David Shepardson

The Kroger Co. has agreed to pay up to $1.4 billion to settle lawsuits over the toll of opioids

LAS VEGAS: Backstreet Boys singer Nick Carter has won a favourable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and another by a woman who alleges he sexually assaulted her on his boat off Florida in 2003. A state court judge on Wednesday declined to dismiss a countersuit that Carter and his attorneys brought alleging defamation by three people in the first case, which was filed last December by a Nevada woman, now 40, who alleges that Carter attacked her on his tour bus after a concert in Tacoma, Washington, when she was 17 years old. «He told plaintiff she would go to jail if she told anyone what happened between them,» the woman's lawsuit said.

Food ads have long made their subjects look bigger, juicier and crispier than they are in real life

Food ads have long made their subjects look bigger, juicier and crispier than they are in real life

By Brendan Pierson

Chemical and consumer product manufacturer 3M has agreed to pay $6 billion to settle numerous lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries from using earplugs made by the company

3M Company (NYSE:MMM), which has been grappling with lawsuits for a considerable period, seems to be inching closer to a resolution.

Investing.com -- Shares in 3M Co. (NYSE:MMM) climbed in premarket U.S. trading on Monday following media reports that the industrial conglomerate has tentatively agreed to pay over $5.5 billion to resolve hundreds of thousands of lawsuits alleging that its earplugs sold to the U.S. military were defective.

Wisconsin Democrats are trying to prohibit the use of expensive, sham lawsuits to deter criticism by news outlets and members of the public

Benefit Street Partners and other unsecured creditors of oil driller Sanchez Energy wrested control of the reorganized company from senior lenders earlier this month. They have had little time to celebrate. After winning a court battle for control of the business, Benefit Street now faces a different fight—to keep the extra payoff it expects to receive for financing the litigation.

Hedge fund manager Vivek Ramaswamy has been climbing the presidential polls, thanks in part to his corporate successes.

Kaliko is engaged in efforts to raise awareness about global warming and to reduce greenhouse gas emissions. In fact, last year she and 13 other young people, ages 9-18, sued their home state, Hawaii, over its use of fossil fuels.