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Among the factors which led to the large numbers of product liability cases seen today in the United States are relatively low fees for filing lawsuits, the availability of class actions, the strongest right to a jury trial in the world, the highest awards of monetary damages in the world (frequently in the millions of dollars for pain and ...
Calvert Cliffs Nuclear Power Plant. The Price-Anderson Nuclear Industries Indemnity Act (commonly called the Price-Anderson Act) is a United States federal law, first passed in 1957 and since renewed several times, which governs liability-related issues for all non-military nuclear facilities constructed in the United States before 2026.
Industry-wide, in just 7 years, the manufacturers' liability premiums increased nearly nine-fold, from approximately $24 million in 1978 to $210 million in 1985. [16] Insurance underwriters, worldwide, began to refuse to sell product liability insurance to U.S. general aviation manufacturers.
Swedish electric-vehicle battery maker Northvolt said on Friday it expects to line up additional bankruptcy financing by late January after engaging with over 100 lenders and potential investors.
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In 2022, more than one million Facebook users in Illinois received checks following a $650 million settlement in a class-action lawsuit alleging the social media company violated residents' rights ...
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Gottlieb Memorial Hospital, the Illinois Supreme Court ruled that Section 2-1706.5 of Public Act 94-677, which placed caps on non-economic damages in medical malpractice actions, violated the separation of powers clause in the Illinois Constitution and was therefore facially invalid. Additionally, because Public Act 94-677 contains an ...