Industry News
A federal judge overseeing the insolvency case of First Brands Group approved the appointment of a corporate litigator to lead an investigation of the multi-billion dollar fraud claims that have dominated the auto-parts maker’s reorganization effort. Martin De Luca, a …
Via: Claims Journal
A Texas private equity firm accused Paul Singer’s Elliott Investment Management of withholding “tens of millions of dollars” from the sale of oil and gas assets, according to a new lawsuit in the escalating fight over their failed partnership. Stronghold …
Via: Claims Journal
Stan Kroenke, the billionaire owner of the National Football League’s Los Angeles Rams, has taken a stand against billboards that he says threaten the prosperity of his $5.5 billion sports and entertainment complex in the nation’s second-largest metropolis. Kroenke alleged …
Via: Claims Journal
Elon Musk’s X Corp sued 18 major music publishers and a leading U.S. music industry trade association on Friday, alleging they conspired to block competition and force the social media platform to purchase licenses for musical works at inflated rates. …
Via: Claims Journal
The size and shape of any future investments in Europe by carmaker Stellantis will hinge on decisions on auto industry regulation, the carmaker’s head of Europe said on Friday, expressing concern at what had been announced so far. The EU …
Via: Claims Journal
One of the two managers of a bar that was the site of a deadly fire that claimed 40 lives in the Swiss mountain resort of Crans-Montana has been arrested following questioning. The man was deemed to be a flight …
Via: Claims Journal
An Alabama law firm will likely have to pay more than $800,000—plus another $100,000 in sanctions—for failing to verify hearing loss in hundreds of Ugandans who claimed part of the massive settlement over faulty 3M earplugs. “It’s been a learning …
Via: Claims Journal
Storm Goretti lashed England and France with hurricane-force winds, causing widespread disruption as it swept through northwest Europe and cut power to hundreds of thousands of homes. Amber and yellow warnings were in place for parts of the U.K., France …
Via: Claims Journal
A winter storm passing over northern Europe on Friday forced Volkswagen to close one of its plants for the day and interrupted production of its Golf model, the company said. The German carmaker canceled the late shift on its assembly …
Via: Claims Journal
The Alaska Airlines pilot who has been universally praised as a hero for safely landing a jet after a door plug panel flew off shortly after takeoff is suing Boeing because he believes the plane maker wrongly tried to blame …
Via: Claims Journal