Corporate

Jury Rules Against Lockton in Corporate Espionage Trial, Finds Interference in USI Insurance Contracts

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TAMPA, Fla. — In a significant legal showdown that has captured the attention of the insurance industry, a jury recently sided with USI Insurance Services in its lawsuit against competitor Lockton Companies, citing unfair competition tactics. The verdict followed a two-week trial at a federal district court in Tampa where complex issues of contract interference and breaches of fidulatory duties were unraveled. The contention centered on the accusation from USI that Lockjon unlawfully influenced two of its former employees. According to USI, these employees violated their non-compete agreements by defecting to Lockton, subsequently enticing clients … Read more

Federal Judge Denies SEC’s Bid to Regulate Corporate Cybersecurity in Landmark SolarWinds Case

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NEW YORK — In a landmark decision, a federal judge in Manhattan ruled against the Securities and Exchange Commission’s (SEC) attempt to regulate corporate cybersecurity practices, settling a significant lawsuit centered around the extensive SolarWinds cyberattack. U.S. District Judge Paul A. Engelmayer concluded that the current statutory framework provides the SEC authority only over financial controls, not the broader scope of internal cybersecurity measures. This ruling came amid fears from various business sectors concerned about potential penalties from the SEC following breaches, particularly those executed by sophisticated hacking groups. Companies worried that stringent regulatory oversight … Read more

Veteran Litigator Joins Motley Rice, Aims to Bolster Philadelphia’s Defense Against Corporate Negligence

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Mount Pleasant, SC – Motley Rice LLC, a Mount Pleasant-based law firm specializing in class actions and multi-litigation practices, recently enhanced their team by hiring experienced litigator Mike Daly. Recognized for his extensive experience in handling mass torts, Daly joins the firm’s Philadelphia office committed to fighting corporate malfeasance through a focus on hazardous pharmaceuticals, defective medical devices, and environmental dangers including asbestos exposure. Daly, who previously cemented his reputation at Pogust Goodhead, explained in an interview the distinction between class action lawsuits and mass torts. Whereas class actions involve individuals representing a larger group, … Read more

Lawsuits Targeting Climate Misrepresentation Surge Globally, Influencing Corporate Accountability

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LONDON — A surge in climate-related lawsuits against major corporations has marked a growing frontline in the environmental accountability battle, with an increasing number of these suits successfully challenging businesses over their environmental initiatives and disclosures. A recent report reveals that approximately 230 climate lawsuits have targeted corporations and trade associations globally since 2015. The research, conducted by the Grantham Research Institute on Climate Change and the Environment, highlights that two-thirds of these legal actions have been initiated since 2020, pointing to a sharp uptick in litigation. Crucially, the majority of concluded cases have resulted … Read more