On August 19, 2002, Avril Lavine’s “Complicated” was the number-one song in the U.S., the public accounting firm Arthur Andersen LLP was about to surrender its CPA licenses, and the plaintiffs in Lawrence E. Jaffe Pension Plan v. Household International, Inc., et al filed their first complaint in U.S. District Court in Chicago. Jaffe was one of dozens of securities fraud suits that named …
As anyone who has flown Ryanair and other budget airlines knows, the cheapest fares don’t always end up being very cheap. Low-cost carriers, whether Ryanair or Spirit or Frontier, offer the most basic service — efficient passage from point A to point B — for a lower price tag than legacy airlines. If you want to make the experience more palatable, and less like a flying Greyhound bus, you have …
The federal judge demanding Volkswagen AG fix 480,000 diesel-cheating vehicles in the U.S. or get them off the road said the automaker is on pace to meet next month’s deadline to reach a deal with car owners. U.S. District Judge Charles Breyer in San Francisco reiterated on Tuesday that buybacks, cash compensation for consumers and a fund to address damages from the excess emissions and future …
The City of Hannibal and the Hannibal Board of Public Works have filed a motion for a change of venue in a class-action lawsuit leveled against the two entities. The motion was filed in the 10th judicial circuit on Tuesday, April 26. If approved, action in the lawsuit — which alleges the BPW failed to provide potable water to customers, exposing them to “probable human carcinogens” — would take …
Yesterday, the coalition of billionaires and entrepreneurs wanting to destroy Uber launched an already promised service: The ability for Lyft to fulfill rides booked via Didi Kuaidi’s app in the United States. It’s the first step in an ambitious plan where Grab, Ola, Didi, and Lyft– the four major Uber spoilers in the world– will work together to provide a global ride sharing solution. It’s …
BERLIN Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit, for damages of 3.256 billion euro ($3.61 billion), was filed at a regional court in Braunschweig in VW’s home state of Lower Saxony on Monday and is …
CEO Matthias Mueller makes a statement, following a meeting ahead of deadline to inform U.S. regulators on plans to comply with standards, at the VW factory in Wolfsburg, Germany November 20, 2015. Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty …
Customers of Duke Energy and Florida Power & Light already know they got a bad deal when the Legislature let the power companies charge big money up front for nuclear projects — even ones that fail. A law passed in 2006 allowed Duke to increase customers’ monthly bills to cover $1.2 billion in upgrades at its now-defunct Crystal River nuclear power plant and a proposed new nuclear plant in Levy …
Slater & Gordon announces almost $1 billion loss by Jonathan Shapiro and Sarah Danckert Slater & Gordon has two months to the secure the support of National Australia Bank and Westpac Banking Corp The Melbourne-based company posted a $958 million first-half losss, which is three times the combined profits since it became the first law firm in the world to float on a stock market in 2007. The …
Michigan’s state and local officials poisoned Flint’s water with lead but innocent federal taxpayers are the ones having to foot the cleanup bill. President Obama has pledged to hand Flint $85 million in aid money. This sounds like a lot, but the fact of the matter is that it is far less than what Flint’s victims would have gotten if a corporation — rather than government — had been the culprit.