Claims / Legal
Underwriters Spooked by New China Rules for Botched IPOs
Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing ...
Top Shareholders Urge Ambac CEO to Leave Due to Claims-Payment Delays
Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he ...
Uber Will Help California Ex-Felons Ready for Driver Jobs
Uber Technologies Inc. says it's trying to help people convicted of non-violent felonies in California get jobs as drivers. The company said Wednesday it's steering prospective drivers with felony ...
Crash Rates Lower for Driverless Cars
Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report out of Virginia Tech Transportation Institute that was commissioned by ...
Autonomous Drive From L.A. to New York Just Two Years Away: Musk
Tesla Motors Inc. Chief Executive Officer Elon Musk said within two years a customer would be able to summon an electric car to drive autonomously from Los Angeles to New York. "I might be slightly ...
VW Gets Easier Ride in Europe on Emissions Scandal
Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU ...
Wal-Mart Sued by Shooting Victims’ Families Over Sale of Bullets
Wal-Mart Stores Inc , the world's largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used ...
Texas Tornadoes Led to Bulk of Dec. U.S. Insured Storm Losses: Aon Benfield
The last 10 days of 2015 turned out to be brutal in terms of weather, contributing to at least $2 billion in insured losses for the month of December, according to Aon Benfield's Impact Forecasting. ...