No one at Goldman Sachs will go to jail despite the company’s world-destroying, multi-billion-dollar frauds that culminated in its unloading billions’ worth of worthless mortgage-backed securities on its customers just before the crash. Goldman’s settlement requires it to admit that it knowingly committed these frauds for years on end. Again, no one will go to jail.
If you were convinced drinking Vitaminwater — a Coca-Cola product — was improving your eyesight and leaving you more physically and mentally healthy, it might have been a placebo effect. A court has approved a settlement agreement between Coca-Cola and the Center for Science in the Public Interest in a class-action lawsuit over the drink and the claims on …
When the ride-hailing company Lyft agreed to settle a proposed class action with its drivers, commentators noted that the tech company was getting off easy. For $12.5 million and some small concessions that did not include classifying drivers as employees, Lyft could have escaped a major challenge to its business model. Except, just a few months after the deal was struck, a federal judge …
Just as California businesses begin to implement a law requiring equal pay for workers regardless of their gender, already the toughest of its kind in the nation, a state lawmaker is seeking to expand it to protect employees from racial discrimination. The proposal by Sen. Isadore Hall would build on California’s existing fair pay law by adding “race or ethnicity” to …
Another week, another lawsuit naming Michigan Governor Rick Snyder as the defendant. The Detroit Free Press reports that on April 7, the Detroit Public Schools board of education filed a federal lawsuit against the state. The suit alleges that the state’s emergency management of the district resulted in the violation of students’ civil rights.
A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private medical records on the internet, the courts found that coverage included in a CGL for personal and advertising injury applied. Monday’s ruling by the U.S. Court of Appeals for the 4th Circuit is a …
Major European energy companies are set to build and run the controversial mega-dam project planned for the Tapajos river in the heart of the Amazon. This comes as a senior construction official has implicated the nearby Belo Monte dam in the massive corruption scandal that has engulfed President Dilma Rousseff and the country’s most powerful political figures. The Brazilian government is …
Uber – which at its latest valuation of $62.5bn is the world’s most valuable private startup – has paid huge sums of money in legal settlements across the world since the taxi-hailing company was founded in 2009. As the increasingly powerful ride-sharing startup continues its rapid growth, we’re tracking the diverse court battles forcing Uber and its investors to pay out. Its strategy of …
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Fresh from a $14 million victory that had Warner/Chappell backing off from ownership claims over “Happy Birthday to You,” the attorneys at Wolf Haldenstein now have chosen their encore with a new lawsuit that seeks to establish that the worldwide famous protest song, “We Shall Overcome,” is conclusively in the public domain. The putative class action, filed Tuesday in New York federal court …