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The Morning Risk Report: Disney Held Unsuccessful Mediation Talks With Alleged Sexual-Assault Victims
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Two women have alleged they were sexually assaulted by former ABC News executive Michael Corn.
PHOTO: NOAM GALAI/GETTY IMAGES
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Walt Disney Co. and its ABC unit held unsuccessful mediation talks in June with the two women who have alleged they were sexually assaulted by a former ABC News executive, people with knowledge of the matter said.
The claims against the executive, former “Good Morning America” producer Michael Corn, surfaced last week in a lawsuit filed by one of the women, ABC News producer Kirstyn Crawford. Mr. Corn has denied wrongdoing and called the allegations fabrications.
[Continued below...]
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The suit also named ABC as a defendant, alleging that the network had received complaints about Mr. Corn’s conduct from several women over roughly a decade but failed to take disciplinary action.
The mediation talks came after Disney concluded an investigation into the women’s allegations against Mr. Corn, people close to the company and the alleged victims said.
Mr. Corn was pushed out by ABC News in April, the people said. When Mr. Corn left the company after a nearly two-decade tenure, neither he nor ABC gave a reason for his departure.
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Risk & Compliance Forum Survey
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We’re conducting a survey of compliance professionals about the impact of the Covid-19 pandemic and the reopening of the economy, with findings due to be presented at the WSJ Risk & Compliance Forum on Oct. 12. If you work in a compliance-related role we’d love to hear from you via this survey link.
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From Risk & Compliance Journal
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SEC Sanctions Brokerages Over Email Break-Ins
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Securities regulators on Monday sanctioned three financial advisory firms over email account break-ins that exposed the personal information of thousands of customers.
The enforcement actions are the latest example of the U.S. Securities and Exchange Commission penalizing brokerages and money managers over hacks. The SEC alleged the three firms failed to implement adequate policies to protect customer information and respond to cybersecurity risks
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The new HHS office reflects research findings that specific populations are disproportionately affected by climate change.
PHOTO: CARLOS OSORIO/ASSOCIATED PRESS
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The Department of Health and Human Services has launched an office that will treat climate change as a public-health issue, designed to address what the White House says are health risks, including those that disproportionately affect poor and minority communities.
Many details of the new Office of Climate Change and Health Equity, which will report to a White House climate task force, were outlined in a January executive order on climate, part of President Biden’s efforts to use the power of the federal government to address the environmental effects of changing weather.
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China has a new rule for the country’s hundreds of millions of young gamers: No online videogames during the school week, and one hour a day on Fridays, weekends and public holidays.
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Google and Apple Inc. will have to open their app stores to alternative payment systems in South Korea, threatening their lucrative commissions on digital sales.
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The Royal Dutch Shell refinery in Norco, La., on Saturday.
PHOTO: LUKE SHARRETT/BLOOMBERG NEWS
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Energy companies were assessing the health of refineries, pipelines, petrochemical plants and offshore oil platforms along the central Gulf of Mexico on Monday, the day after Ida struck Louisiana as a powerful Category 4 hurricane.
Widespread flooding and power outages affecting more than one million customers across the state could leave gasoline makers along the banks of the Mississippi River scrambling to restart operations after they assess damages this week, analysts said.
Companies including Marathon Petroleum Corp. , Valero Energy Corp., Phillips 66 and Royal Dutch Shell PLC shut roughly 8% of the nation’s refining capacity ahead of the storm, while Colonial Pipeline Co., operator of the largest U.S. fuel pipeline, closed two lines that carry fuel from Houston to Greensboro, N.C. Exxon Mobil Corp. had shut some units at its chemicals and refining complex in Baton Rouge, but said there was no significant storm damage.
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North Korea’s apparent resumption of plutonium production bolsters Pyongyang’s nuclear arsenal both as a deterrent and a deal-bargaining chip for potential talks with the U.S.
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New Ford pickup trucks parked last month in a lot at Kentucky Speedway amid the semiconductor shortage.
PHOTO: JEFFREY SCOTT DEAN/BLOOMBERG NEWS
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Manufacturers are stacking up unfinished goods on factory floors and parking incomplete vehicles in airport parking lots while waiting for missing parts, made scarce by supply-chain problems.
Shortages of mechanical parts, commodity materials and electronic components containing semiconductor chips have been disrupting manufacturing across multiple industries for months.
Companies determined to keep factories open are trying to work around shortages by producing what they can, at the same time rising customer demand has cleaned out store shelves, dealer showrooms and distribution centers. As a result, manufacturers are amassing big inventories of unsold or incomplete products such as truck wheels and farm tractors. Companies that are used to filling orders quickly now have bulging backlogs of orders, waiting for scarce parts or green lights from customers willing to take deliveries.
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