Keyword
bankruptcy
Justices turn away GM appeal over ignition switches
April 24, 2017 The Associated PressWASHINGTON – The Supreme Court on Monday turned away an appeal from General Motors Co. seeking to block dozens of lawsuits over faulty ignition switches that could expose the company to billions of dollars in additional claims. The justices without…
Dangerous air bags can find their way into used cars, experts say
April 19, 2017 Tom Krisher and Ken Ritter - THE ASSOCIATED PRESSLAS VEGAS – A Nevada crash that nearly killed a young woman has exposed a hole in the government’s efforts to get dangerous Takata air bag inflators off the road: There’s nothing that prevents the devices from being taken from…
Court ruling opens GM to billions in death, injury claims
July 15, 2016 Tom Krisher - THE ASSOCIATED PRESSDETROIT – A federal appeals court ruling that General Motors can’t use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts. The 2nd U.S.…
Feds quietly paid $75M settlement for Lac Megantic victims and to avoid lawsuits
May 2, 2016 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The federal government quietly spent $75 million to settle with victims and creditors affected by the Lac-Megantic rail disaster – a contribution that also shielded it from lawsuits related to the deadly crash. Former transport minister Lisa Raitt…
Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers
April 26, 2016 by Canadian UnderwriterThe Travelers Companies Inc. reported catastrophe losses of $318 million during the three months ending March 31, up 96% from $162 million during the same period in 2015, while Q1 earned premiums in personal insurance rose 6.2% year-over year. All…