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Ask the Expert Q&A: Management Liability

Ask the Expert Q&A: Management Liability

Wrongful termination allegations and shareholder lawsuits are among the numerous management liability risks companies may encounter. To learn more about these challenges and the corresponding insurance solutions, Crain’s Content Studio spoke with Marvin Cigarroa, Broker, Professional Liability, Burns & Wilcox, San Diego, California. What are some of the greatest management liability risks companies face today? M.C.: The management liability risks…

U.S. Soccer Agrees to Pay $24 Million to Settle Equal Pay Lawsuit

U.S. Soccer Agrees to Pay $24 Million to Settle Equal Pay Lawsuit

A $24 million settlement was reached Feb. 22 between the U.S. Soccer Federation and members of its women’s national soccer team, who had filed an Equal Employment Opportunity Commission complaint six years ago alleging sex-based wage discrimination. The “landmark” settlement includes $22 million in back pay for dozens of current and former players and an agreement from the soccer organization…

Dozens of Lawsuits Filed After Condo Collapse in Florida

Dozens of Lawsuits Filed After Condo Collapse in Florida

The sudden collapse of the Champlain Towers South condo building in Surfside, Florida on June 24, which tragically caused at least 95 deaths and left 14 residents still missing, has prompted multiple lawsuits against those involved in the beachside residence’s construction and maintenance. As of July 10, at least a dozen suits had been filed on behalf of victims and…

Robinhood Faces Over 30 Class-Action Suits for Pausing ‘Meme Stock’ Buys

Robinhood Faces Over 30 Class-Action Suits for Pausing ‘Meme Stock’ Buys

The online and app-based stock trading broker Robinhood is facing at least 34 class-action lawsuits over its decision to prevent purchases of shares in GameStop and several other so-called “meme stocks” like AMC Entertainment and BlackBerry at the end of last month. The temporary halt on purchasing certain stocks came after amateur traders stunned Wall Street with a coordinated effort…

Google Parent Company Pledges $310 Million to Settle Shareholder Lawsuits

Google Parent Company Pledges $310 Million to Settle Shareholder Lawsuits

Google parent company Alphabet Inc. recently agreed to a $310 million settlement of shareholder lawsuits accusing the internet search giant of mishandling sexual misconduct allegations lodged against executives. In the settlement, Alphabet pledged to invest $310 million in diversity, equity and inclusion programs at Google over a 10-year period. It also agreed to more than 80 updates and revisions to…

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