Six automakers and supplier TRW face a U.S. federal lawsuit seeking class-action certification over defective airbag control units. The most recent lawsuit claims the airbag control unit can “seize-up” during an accident, causing airbags to fail to deploy and a seat belt lock failure. NHTSA would not comment but confirmed an ongoing investigation into ZF TRW airbag control units. In April, …
The Department of Justice has filed an antitrust lawsuit against
Deere’s planned purchase of Monsanto’s Precision Planting
business. The lawsuit, filed in a Chicago court, said the deal would remove
competition and raise costs for farmers, Bloomberg reported Wednesday. Deere, which is the world’s largest maker of agricultural
machinery, agreed to buy the unit from Monsanto in November.
David Tepper is the odds-on favorite to win an $11 billion lawsuit against Caesars Entertainment. That’s according to the mediator trying to hammer out a deal between the casino giant and holdout creditors in the contentious bankruptcy of Caesars’ biggest operating unit. Creditors, including Tepper’s Appaloosa Management, have sued Caesars in New York, accusing the non-bankrupt parent of …
Tracy Rucinski and Tom Hals In a case full of twists, Caesars Entertainment Corp (CZR.O) late on Monday won a two-week extension on a shield from lawsuits worth billions of dollars just days after a different U.S. court allowed those cases to proceed. Investors are suing Caesars for reneging on its guaranty of bonds issued by its operating unit, Caesars Entertainment Operating Co Inc, or CEOC, …
A federal judge has refused to free Dover Area School District from a lawsuit filed by a former female student who for years was sexually abused by her music teacher. That teacher, Matthew Puterbaugh, is also a defendant in the U.S. Middle District Court suit. He is serving a sentence of 15 years in federal prison for possessing child pornography, plus a 5- to 10-year state prison term for …