Litigation/Liability Trends
Merck Will Pay $830M to Settle Securities Suit Over Recalled Heart Drug
U.S. drugmaker Merck & Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart ...
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 ...
Kochs, Obama Agree on Corporate Crime Compromise But Republicans Balk
President Barack Obama's drive to get one last legacy-enhancing act out of Congress -- revamping sentences for street-level drug crimes -- is hitting an impasse over crimes committed in corporate ...
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 ...
FitBit Accused of Selling ‘Wildly Inaccurate’ Heart Monitoring Devices
FitBit Inc.'s heart monitoring devices are called "wildly inaccurate" in a lawsuit accusing the company of false advertising. Devices sold by the leading maker of fitness trackers "are mis-recording ...
Volkswagen, Slammed by Emissions Lawsuit, Pledges U.S. Car Fixes
Volkswagen AG vowed to emerge from the diesel scandal even as authorities in the U.S. toughen their stance. "We are confident we will find good solutions for the affected U.S. vehicles," Herbert ...
GM Gears Up for Jan. 11 Start of ‘Bellwether’ Ignition Switch Trial
A U.S. judge last Wednesday rejected General Motors Co.'s bid to dismiss the first so-called "bellwether" case over defective ignition switches in its vehicles, clearing the way for a Jan. 11 trial. ...
U.S. Sues Volkswagen for Cheating on Emissions Testing
The Justice Department sued Volkswagen AG, accusing the German automaker of installing illegal devices meant to defeat emissions testing on nearly 600,000 vehicles, marking another blow against the ...