Billion

Mastercard Sued for $19 Billion in Britain’s Biggest Damages Claim

Andrew MacAskill| LONDON LONDON Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard (MA.N) demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, according to court documents filed in London. The case brought by a former chief financial services ombudsman alleges the payments company charged unlawfully …


House Unanimously Passes Saudi 9/11 Lawsuit Bill

Heading into the weekend that will mark the 15th anniversary of 9/11, the House of Representatives has unanimously passed the Justice Against Sponsors of Terrorism Act (JASTA). The bill passed by unanimous voice vote, as it did in the Senate back in May.


Penn Among Group of Elite Universities Sued Over Excessive Fees in Employee Retirement Plans

This month Penn joined a familiar list of peer universities — including Duke, Harvard and Yale — in a lawsuit over employee retirement plans. The class action lawsuit claims that University retirement plans have been charging fees that are too high for school employees. All of the schools involved are being accused on the grounds that they all use several providers, as opposed to one, to manage …


Caesars Shielded From Multi-Billion Dollar Lawsuit by Brief Extension

A federal judge on Tuesday gave Caesars Entertainment a five-week shield from $13 billion in lawsuits, capping a week of frantic court hearings as the casino group struggles to salvage a high-stakes debt-cutting plan for its bankrupt subsidiary. Judge Robert Gettleman said at an emergency court hearing in Chicago that he will decide on Oct. 5 whether he should overturn a U.S. Bankruptcy Court …


VW Facing Uphill Battle Outside the U.S. In Emissions Claims

Governments, investors and car owners around the world are gaining ground in efforts to pressure Volkswagen AGVLKAY -0.82 % for settlements over its emissions-cheating scandal, aiming for terms similar to a $15 billion U.S. agreement. From Australia to South Korea to Ireland, governments and consumers are ratcheting up legal and regulatory demands in part because such moves in the U.S. yielded …


Oregon, Linn County Spar in Court Over Timber Lawsuit

State attorneys told a judge that Linn County shouldn’t be allowed to represent other timber counties in a lawsuit that seeks $1.4 billion from Oregon because of its forest-management practices. The county wants the case to proceed as a class action. Scott Kaplan, an attorney for the state, said during oral arguments Wednesday that would be impractical because there are different …


US Aid to Israel Illegal: Lawsuit

American aid to Israel is illegal under a decades-old law that prohibits aid to nuclear powers that have not signed the international Nuclear Non-Proliferation Treaty (NPT), according to a lawsuit filed in federal court in Washington, DC. The lawsuit, filed this week by Grant Smith, the director of the Institute for Research: Middle Eastern Policy, comes as the US and Israel have closed many of …



US Government Lawsuit Undermines Malaysian Prime Minister

The decision by the United States government last month to launch civil action to recover $1 billion in funds, said to have been looted from Malaysia’s state-owned investment fund, 1 Malaysia Development Berhad (1MDB), has compounded pressure on Malaysian Prime Minister Najib Razak to step down. Justice …


Could This Lawsuit Change Photo History? A Photographer Is Suing Getty for $1 Billion

Carol Highsmith took this photo of Seattle, gave it to the Library of Congress for public use, and we downloaded it for free after double-checking with Highsmith’s attorney. Will Getty slap us with a threatening letter to sue The Stranger if we don’t pay a usage fee? As reported by Carey Dunne on Hyperallergic, the photographer Carol Highsmith has filed a lawsuit against Getty Images because in …