Giant

Legal Tech Giant Partners with Vanderbilt Law School to Pioneer AI Solutions in the Legal Industry

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Atlanta, Georgia – A leading legal tech company, Aderant, and Vanderbilt Law School have announced a new collaboration aimed at promoting a greater understanding of artificial intelligence (AI) in the field of law. Both organizations prioritize AI, with Aderant having introduced AI tools like MADDI to enhance law business management and Vanderbilt Law School founding the Vanderbilt AI Law Lab (VAILL) to explore the intersection of AI and legal services. The collaboration between Aderant and Vanderbilt Law School began with a presentation by Aderant CTO Andy Hoyt to Vanderbilt Law School students associated with VAILL. … Read more

Trucking Giant Pride Group Seeks Bankruptcy Protection as $100 Million Lawsuit Looms

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Mississauga, Ontario – Pride Group, one of Canada’s largest trucking carriers, has filed for bankruptcy protection following a lawsuit from lender Mitsubishi HC Capital America. The lawsuit seeks $100 million. Pride Group submitted the creditor protection filing on Thursday, invoking the Companies’ Creditors Arrangement Act (CCAA) in Canada. Under the CCAA, the company receives a stay of proceedings for at least 10 days. In a news release, Pride Group stated that the CCAA proceedings and seeking recognition under Chapter 15 cases would enable them to continue operations, stabilize their business, establish governance controls and monitoring, … Read more

Battling the Oil Giant: Texas Judge Rules in Favor of 7,000 BP Retirees in Pension Dispute

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Houston, Texas—A federal judge in Texas has ruled in favor of more than 7,000 BP retirees who claimed that the energy company interfered with their pension plans and shortchanged their retirement benefits. The judge’s decision comes after a lengthy legal battle between the retirees and BP, and could have significant financial implications for the oil giant. The retirees alleged that BP manipulated their pension plans, resulting in lower retirement benefits than what they were entitled to. The class-action lawsuit, which was filed in 2019, accused BP of violating federal pension laws and breaching its fiduciary … Read more

Consumer Giant Reckitt Plunges as Jury Awards $60 Million Verdict in Formula Saga

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LONDON – Reckitt, a global consumer goods company headquartered in London, experienced a significant decline in its stock value following a jury verdict that ordered the company to pay $60 million. The verdict stemmed from a lawsuit over the formula of one of Reckitt’s products. The lawsuit alleged that Reckitt’s formula was misleadingly marketed as providing certain benefits that it didn’t actually deliver. The product in question, which was not specified, was said to have been advertised as having a specific effect, but the jury found that it did not live up to these claims. … Read more