Lawsuits
Scalise leads GOP effort to block Colorado climate lawsuits
House Majority Leader Steve Scalise and 102 Republican lawmakers have filed an amicus brief with the Supreme Court, urging it to halt climate lawsuits against Exxon and Suncor Energy from Boulder, Colorado. The Republicans argue that such cases represent a federal matter involving global emissions, not state jurisdiction. The move comes after the Colorado Supreme Court allowed the suits to proceed in May.
Insurers limit coverage for AI firms amid rising lawsuits
AI द्वारा रिपोर्ट किया गया
OpenAI and Anthropic are exploring the use of investor funds to cover potential multibillion-dollar lawsuit settlements, as insurers hesitate to provide full protection for AI-related risks. The companies face significant legal challenges, including copyright infringement and wrongful death claims. This development highlights the growing insurance gap for emerging AI technologies.
Rivian settles shareholder lawsuit for $250 million
Electric vehicle maker Rivian has agreed to a $250 million settlement with investors who accused it of misleading statements about vehicle pricing during its 2021 initial public offering. The company denies any wrongdoing but says the deal will allow it to concentrate on launching its mass-market R2 vehicle in 2026. The lawsuit stemmed from post-IPO price increases that erased a significant portion of Rivian's value.