Issues |
U.S. Jury Awards in 2014 May Foretell Trouble for Carmakers |
Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more bad news for carmakers with defective parts. Absent for a decade, billion-dollar verdicts returned in product-defect suits in 2014. People now come into the jury room really suspicious, instead of wondering is this ambulance-chasing lawyer trying to squeeze money out of a company, said Erik Gordon, a law and business professor at the University of Michigan in Ann Arbor. Jurors now come in expecting to hear a story of corporate wrong-doing and are being very receptive to these stories. Margaret Cronin Fisk, Bloomberg 02/17/2015 |
Read Article: Bloomberg |
Laws/Cases |
GM Customers Get Last Shot at Reigniting $10 Billion Switch Suit |
Drivers of Chevy Cobalts and Saturn Ions get a last shot this week at restarting a $10 billion lawsuit in which General Motors Co. is accused of exposing them to danger and falling car prices. U.S. Bankruptcy Judge Robert Gerber has the sole power to decide whether they can demand money for their old, often second-hand, cars. Tuesday, he'll open his New York courtroom to lawyers who say they speak for 27 million drivers of recalled cars, many with faulty ignition switches. Depending on his ruling, drivers may be able to seek billions of dollars in damages from the automaker. Linda Sandler, Bloomberg 02/17/2015 |
Read Article: Bloomberg |
Louisiana Coastal Erosion Lawsuit Dismissed By U.S. District Judge |
A lawsuit filed in 2013 by a Louisiana flood board that sought damages ' potentially in the billions of dollars ' from scores of oil, gas and pipeline companies over erosion of the state's fragile coast was thrown out Friday evening by a federal judge. U.S. District Judge Nanette Jolivette Brown dismissed the suit in a complex 49-page ruling rejecting the board's contention that, under federal laws, the energy companies had a duty to protect the flood board from the effects of coastal erosion. KEVIN McGILL, AP, The Huffington Post 02/17/2015 |
Read Article: The Huffington Post |
Lance Armstrong Loses $10 million Arbitration Ruling |
An arbitration panel ordered Lance Armstrong and Tailwind Sports Corp. to pay $10 million in a fraud dispute with a promotions company for what it called an "unparalleled pageant of international perjury, fraud and conspiracy" that covered up his use of performance-enhancing drugs. Dallas-based SCA Promotions announced the 2-1 decision against the former cyclist when its lawyers said Monday they had asked Texas' 116th Civil District Court in Dallas to confirm the arbitration ruling, dated Feb. 4. The panel included a neutral chairman, who ruled in favor of SCA, and one person selected by each side. Jim Vertuno, AP, Yahoo News 02/17/2015 |
Read Article: Yahoo News |
Insurance |
Hurricane Sandy Victims Say Damage Reports Were Altered |
A growing number of homeowners suspect that their engineering reports were rewritten as part of an effort to minimize insurance payments to flood victims in New York and New Jersey after Hurricane Sandy. In November, allegations of altered reports prompted a federal judge overseeing more than 1,000 hurricane related lawsuits in the New York City area to order all drafts of the engineering reports be turned over, saying he believed such revisions could be widespread. Lawyers for homeowners in the suits began reviewing the documents, and say they have already identified more than 500 doctored reports. DAVID W. CHEN, The New York Times 02/17/2015 |
Read Article: The New York Times |
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