Moody

DuPont to Pay $670 Million to Settle C8 Lawsuits

Lawrence Moody said he is satisfied that he and 3,550 other people are finally getting justice. “You just can’t do that to people,” the Washington County man said after DuPont and its spinoff company Chemours agreed to pay nearly $671 million to Mid-Ohio Valley people affected by a chemical used to make Teflon that causes cancer and a host of other health problems. The settlement was announced …


Moody’s: Lending Club Class Action Case Is Credit Negative for Marketplace Loan ABS

A proposed class action against LendingClub Corporation is credit negative for asset-backed securities (ABS) backed by consumer loans originated through online platforms using a partner bank origination model, Moody’s Investors Service says in a new report. The lawsuit confirms that the owners of such loans face legal challenges over whether the loans are exempt from …