Major

$30.5 Million Verdict: Kern County Loses Major Lawsuit After Officer-Involved Shooting Shocks Mojave Family

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Bakersfield, CA — In a significant legal decision, a federal jury in California awarded $30.5 million to a family from Mojave, after finding Kern County and two sheriff’s deputies responsible for the wrongful death of their family member and violation of civil rights. The verdict stems from a 2017 incident in which a man was fatally shot by law enforcement in his home. The confrontation began when deputies responded to a late-night call regarding a domestic disturbance at the residence of the deceased. According to court documents, upon their arrival, one of the deputies fired … Read more

Judge Deliberates as Energy Giants Face Major Climate Liability Suit in D.C. Court

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WASHINGTON — A legal battle is unfolding in the nation’s capital where major energy corporations, including Chevron, are being challenged over their alleged role in climate change damages. During a recent hearing, D.C. Superior Court Judge Yvonne Williams scrutinized arguments regarding whether the case should proceed or be dismissed. The lawsuit is part of a broader wave of legal actions across the United States targeting oil and gas giants such as Exxon Mobil, Shell, and BP. These cases argue that these companies should be financially liable for the environmental consequences attributed to their emissions. Judge … Read more

South Korea Plans Major Tax Reform: Estate Tax System to Be Replaced with Inheritance Tax by 2028

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Sejong, South Korea – In a significant move to align its tax laws with more commonly adopted international standards, the South Korean government announced plans on Wednesday to overhaul its longstanding estate tax system in favor of an inheritance tax by the year 2028. This revision aims to reduce the financial burden on heirs, according to officials from the Ministry of Economy and Finance. The current estate tax in South Korea is applied to the net value of all assets left by a deceased person. Compared to this, the inheritance tax, as seen in most … Read more

BD Reaches Major Settlement in Hernia Mesh Litigation, Aiming for Stability and Reduced Uncertainty for Stakeholders

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Franklin Lakes, N.J. — Medical technology giant BD has reached a significant settlement to largely resolve ongoing litigation involving its hernia mesh products. The terms, kept confidential, will address numerous cases bundled in Rhode Island and Ohio federal courts. The financial specifics have been allocated in BD’s previous product litigation reserves, allowing the company to distribute payments over several years without additional charges to its financial statements. This settlement aims to stabilize the legal landscape for BD as it navigates through accusations surrounding the safety of its mesh devices. Notably, the company’s balance sheet already … Read more