Category Archives: Lawsuit

Goldman execs: We didn’t do anything wrong

By doris | Published: April 28, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Top Goldman Sachs representatives — including CEO Lloyd Blankfein — attempted to deflect criticism Tuesday as they faced a blistering cross-examination from lawmakers about the firm’s role in the financial crisis. For more than ten hours, members of a Senate panel skewered current and former executives at [...]

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Wal-Mart gender pay lawsuit heads to trial

By doris | Published: April 27, 2010

Full Story at money.cnn.com WASHINGTON (CNN) — A federal appeals court has certified the largest class-action employment lawsuit in U.S. history, in a long-standing dispute against retailer Wal-Mart Stores Inc. over alleged gender bias in pay and promotions. The divided 6-5 ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals on Monday allows [...]

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Doctors: 5 gripes about the health law

By doris | Published: April 22, 2010

Full Story atmoney.cnn.com We can be sued into oblivion Doctors’ fear of multi-million dollar lawsuits is pushing them to practice “defensive medicine.” More doctors are ordering additional tests and procedures not based on need but fear of liability. The government estimates that cost of medical malpractice is less than 2% of overall health care spending. [...]

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Source: Toyota to agree to $16.4 million fine

By doris | Published: April 19, 2010

Full Story at msnbc.com WASHINGTON – Toyota Motor Corp. is expected to agree to a fine of more than $16 million, the largest government penalty levied against an automaker, for a four-month delay in telling federal authorities about defective gas pedals on its vehicles, a Transportation Department official said Sunday. Toyota faces a Monday deadline [...]

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Southern California court gets Toyota lawsuits

By doris | Published: April 11, 2010

Full Story at msnbc.com MIAMI – A federal judge in Southern California was chosen Friday to preside over more than 200 lawsuits filed against Toyota in the aftermath of the automaker’s sudden acceleration problems, which could potentially mushroom into one of the nation’s biggest product liability cases.

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Lawmaker: Toyota withheld key evidence

By doris | Published: February 27, 2010

Full Story at msnbc.com WASHINGTON – A House lawmaker said Friday that internal Toyota documents show the automaker deliberately withheld key vehicle design and testing evidence in lawsuits filed by Toyota drivers injured in crashes. In a letter to Toyota’s top North American executive, House oversight committee Chairman Edolphus Towns accused Toyota of shielding its [...]

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The Merrill Lynch bonus saga drags on

By doris | Published: September 10, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Bank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses. In two separate court filings made Wednesday, both the Charlotte, N.C.-based bank and the Securities and Exchange Commission defended the proposed settlement the [...]

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Chrysler takes Daimler to court over parts

By doris | Published: August 27, 2009

Full Story at money.cnn.com DETROIT (Reuters) — Chrysler Group LLC. has sued Daimler AG, saying the German automaker has failed to honor supply contracts for parts essential for the production of key 2010 Chrysler vehicles. Chrysler, which emerged from bankruptcy in June under new management led by Fiat SpA, said in the lawsuit filed Friday [...]

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GM turns to Volt to revitalize its image

By doris | Published: June 7, 2009

Full Story At msnbc.com WARREN, Mich. – Even now, as General Motors fights for survival, there is something ambivalent about its prescription for saving itself, a conflict implicit in a bit of symbolism that recently greeted arrivals to the Detroit Metropolitan Airport even before they reached baggage claim. One of GM’s touted new automobiles sat [...]

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WaMu Sues FDIC Over Fire Sale

By doris | Published: March 23, 2009

Full Story At  CBS News (AP) Washington Mutual’s holding company is suing federal regulators for billions of dollars, saying the fire sale of the bank’s assets to J.P. Morgan Chase violated its rights. The lawsuit was filed Friday in U.S. District court in Washington, D.C., against the Federal Deposit Insurance Corp., which seized the Seattle-based [...]

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