The whole Dieselgate scandal has done a number on Volkswagen financially. Despite my harsh words for the company in the past over the scandal, I’m starting to feel bad about for it. It’s been hit for billions here in the U.S., and there are more lawsuits coming down the pipe than I can shake a stick at.
Two lions at the Cricket Hollow Zoo were transferred this week to a wild sanctuary in Colorado as the result of a lawsuit settlement between an animal rights group and the Manchester zoo owners. The Animal Legal Defense Fund of California said in a news release Wednesday the two lions, Jonwah, 16, and Njjara, 18, were transferred on Monday to …
About 150 groups from around the country that provide services to American Indian farmers and ranchers have applied to receive grant money from a $38 million one-time fund set up as part of the federal government’s loan discrimination settlement with Native Americans. An advisory committee will whittle down the proposals and make a recommendation to a federal judge by Oct. …
SeaWorld Drops Lawsuit Challenging Restrictions on Captive Orca Program Lawsuit Dropped After Successful Campaign Led by the Animal Legal Defense Fund and Sea Shepherd SAN DIEGO – SeaWorld has requested dismissal of its lawsuit against the California Coastal Commission challenging conditions placed on its permit to expand tanks at the San Diego facility as part of their Blue World project. …
New York Life Insurance Co. is the newest member to the ever-growing list of asset managers and retirement plan providers being sued by their employees for fiduciary breach in the company 401(k) plan. Current participants in two New York Life 401(k) plans filed a class-action lawsuit — Andrus et al v. New York Life Insurance Company et al — alleging self-dealing by the firm and other affiliated …
Lebanon County will file to be a lead plaintiff in a class action suit against a Brazilian steel manufacturer accused of attempting to defraud its government of more than $400 million in taxes.
Index funds often benefit from a low-cost halo. They don’t all deserve to bask in that glow. Allegations of excessive index fund fees in retirement plans are at the heart of a new proposed class action lawsuit brought by New York Life Insurance Co. employees against the company.
T. Rowe Price Group and Dell have reached a settlement over the computer giant’s $25 billion buyout, a deal the Baltimore money management firm opposed but voted in favor of in an embarrassing and unusual technical mix-up. The settlement resolves a lawsuit in which T. Rowe and other investors argued that Dell founder Michael Dell undervalued the company in his bid to take it private in 2013. A …
Volkswagen AG will pay owners of its polluting diesel cars up to $7,000, and agree to fund a grant program to offset air pollution, under a $10 billion settlement being negotiated for submission to a federal judge next week, people familiar with the talks said. VW will provide cash payments worth between $1,000 and $7,000, depending on the vehicle’s age and other factors, to compensate …
Editor’s note: Billionaire Peter Thiel’s involvement in the infamous Gawker privacy case has renewed interest in litigation finance, an relatively esoteric corner of alternative investments that involves bankrolling lawsuits in return for a piece of any monetary judgements. As explained by Edward Truant, principal of commercial litigation finance specialist Balmoral Wood Litigation Finance, the …