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September 28, 2012

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$42.6M FEMA Trailer Settlements Approved

Bank of America to Pay $2.43B to Settle Shareholder Suit

Pipeline Case Still Hanging in Texas Courts

GM Issues Massive Recall of Sedans

Utah Coal Mine Operator Agrees to Nearly $1M in Fines

When Non-Driving Factors Affect Auto Insurance Premiums

Fifth Malpractice Suit Filed Against Iowa Doctor

Slow Response Time Led to Death, Suit Says

 

 

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Laws/Cases

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$42.6M FEMA Trailer Settlements Approved

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A federal judge gave his final approval Thursday to a $42.6 million class-action settlement between companies that made and installed government-issued trailers after hurricanes in 2005 and Gulf Coast storm victims who claim they were exposed to hazardous fumes while living in the shelters. U.S. District Judge Kurt Engelhardt ruled from the bench after hearing from attorneys who brokered a deal resolving nearly all remaining court claims over elevated levels of formaldehyde in trailers provided by the Federal Emergency Management Agency following hurricanes Katrina and Rita.  MICHAEL KUNZELMAN, Associated Press, Houston Chronicle  09/28/2012

Read Article: Houston Chronicle    

 

Bank of America to Pay $2.43B to Settle Shareholder Suit

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Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis. In the lawsuit, shareholders alleged that Bank of America and some of its officers made false or misleading statements about both companies’ financial health. The lawsuit was filed on behalf of investors who bought or held Bank of America stock when the company announced its plans to buy Merrill Lynch in a $20 billion deal as the banking industry and federal regulators struggled to contain fallout from the financial crisis in the fall of 2008.  Associated Press, The Washington Post  09/28/2012

Read Article: The Washington Post    

 

Pipeline Case Still Hanging in Texas Courts

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Today in a Beaumont courthouse, Jefferson County Judge Tom Rugg will hear yet another case concerning the Keystone XL pipeline. As we’ve reported, the Canadian company TransCanada has visited a few Texas courthouses lately. Always at issue is whether it can take private property in Texas to build the Keystone XL pipeline. And Judge Rugg expects we’ll see more pipeline companies visiting more Texas courthouses in the future.  Mose Buchele, KUT/StateImpact Texas, Texas Tribune  09/28/2012

Read Article: Texas Tribune    

 

Products

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GM Issues Massive Recall of Sedans

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General Motors has announced a recall of Chevy, Pontiac and Saturn sedans due to a transmission problem that can cause the vehicle to roll away after the driver has exited. The recall covers about 426,000 2007-2010 Saturn Aura and 2008-2010 Chevrolet Malibu and Pontiac G6 vehicles. There have been four reported accidents but no injuries.  Jerry Hirsch , LA Times  09/21/2012

Read Article: LA Times    

 

Issues

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Utah Coal Mine Operator Agrees to Nearly $1M in Fines

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The operator of the Utah mine that collapsed in 2007, killing nine people, has reached a $949,351 settlement with the federal Mine Safety and Health Administration over safety violations. Genwal Resources Inc., an affiliate of Ohio-based Murray Energy Corp., denied Thursday that any of the violations led to the deadly collapse, which leveled a section of the Crandall Canyon mine as large as 63 football fields. From the start, Murray Energy chief Bob Murray insisted that the cave-in was triggered by a natural earthquake.  Associated Press, The Washington Post  09/28/2012

Read Article: The Washington Post    

 

Insurance

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When Non-Driving Factors Affect Auto Insurance Premiums

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Automobile insurers may use factors unrelated to driving, like education and occupation, in determining rates. Now, a consumer group is urging state insurance commissioners to restrict insurers’ ability to use those factors, arguing that the result has been unfairly high rates for lower-income drivers. . Stephen Brobeck, executive director of the Consumer Federation of America, said in a call this week with reporters that premiums should mainly reflect factors like accidents, speeding tickets and miles driven.  ANN CARRNS, The New York Times  09/28/2012

Read Article: The New York Times    

 

Malpractice

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Fifth Malpractice Suit Filed Against Iowa Doctor

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A Des Moines doctor has been hit with his fifth malpractice lawsuit, this one filed over the death of a local man last September from an oxycodone overdose. The lawsuit accuses the doctor of gross negligence, saying he did not access the man's need for the narcotic before prescribing it and failed to set up a monitoring plan to prevent over-usage. The doctor has also been hit with administrative charges from the Iowa Board of Medicine.  Tony Leys, DesMoines Register  09/27/2012

Read Article: DesMoines Register    

 

Wrongful Death

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Slow Response Time Led to Death, Suit Says

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A Chicago woman has filed a lawsuit against the Glenview fire and police departments, accusing emergency response crews of failing to respond fast enough to save her father, who died from a heart attack. The woman claims that her husband and police officers arrived on scene within minutes, but it was another 40 minutes before paramedics arrived. The suit, which seeks $50,000 in damages, says that in the time is took the paramedics to arrive, her father suffered and died.  Brian L. Cox, Chicago Tribune  09/27/2012

Read Article: Chicago Tribune    


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