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UBS Fined $125M by US Regulators for Money Laundering Violations
UBS was fined $125 million by U.S. regulators on Aug. 3 for violating the Bank Secrecy Act, the largest civil fine ever against a broker-dealer for violating the main U.S. anti-money laundering law. The U.S. Department of the Treasury’s Financial …
POSTED AUGUST 04, 2026 5:14 AM |
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford
A Florida appeals court has upheld a $103 million jury award against Ford Motor Co. after a modified Ford Mustang exploded in 2017, leaving the owner with severe burns over much of his body and the loss of his hands. …
POSTED AUGUST 04, 2026 5:01 AM |
New Jersey Settles Trucker Misclassification Claims for $2.7 Million
The New Jersey Department of Labor and Workforce Development (NJDOL) has reached a $2.7 million settlement with STG Logistics, Inc. and subsidiaries resolving allegations that the shipping and logistics companies misclassified hundreds of truck drivers as independent contractors in violation …
POSTED AUGUST 04, 2026 5:00 AM |
California Supreme Court Rules for Gilead, Says Drugmakers Don’t Have ‘Duty to Innovate’
California’s highest court ruled on Monday that manufacturers of drugs that are considered safe do not owe a duty to patients to try developing drugs that could be even safer, ruling in favor of Gilead Sciences in the closely watched …
POSTED AUGUST 04, 2026 5:00 AM |
DOXA Buys LimitFi Platform for Credit Risk Insurance Products
Specialty insurance platform DOXA announced it has acquired LimitFi, a platform for capital and credit-risk insurance products. Connecticut-based LimitFi specializes in default-risk transfer and alternative credit products including non-payment insurance. The platform connects banks and lenders seeking capital relief and …
POSTED AUGUST 03, 2026 6:00 PM |
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