Keyword
settlement
Judge orders Volkswagen to pay $2.1B in Canadian class action suit over emissions scandal
April 27, 2017 Aleksandra Sagan - THE CANADIAN PRESSTORONTO – Members of a Canadian class-action lawsuit against Volkswagen can submit claims for reimbursement starting on Friday after an Ontario court approved a $2.1-billion settlement plan. The 105,000 people who purchased or leased certain Volkswagen or Audi vehicles with…
Court orders review of Target security breach settlement
February 3, 2017 David Pitt - THE ASSOCIATED PRESSDES MOINES, Iowa – A Minnesota federal judge must hold hearings to determine whether a proposed settlement for about 100 million Target customers who were victims of a 2013 security breach treats all customers fairly, a federal appeals court says.…
Ontario environment ministry ‘does not always require financial security’ from organizations at high risk of pollution: Auditor General
December 1, 2016 by Canadian UnderwriterOrganizations undertaking activities with high risk of pollution in Ontario are often not required to provide financial security to ensure funds are available later for clean-up costs, the province’s auditor general warned in her annual report released Wednesday. Meanwhile, the…
Amtrak to pay $265M for Philadelphia crash that killed 8
October 27, 2016 Maryclaire Dale - THE ASSOCIATED PRESSPHILADELPHIA – Amtrak will pay $265 million to settle claims related to a crash last year that killed eight people and injured more than 200 others when a speeding train derailed on a curve. The settlement allows victims to have…
Judge approves $15 billion Volkswagen emissions settlement
October 25, 2016 The Associated PressSAN FRANCISCO – A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal. U.S. District Judge Charles Breyer signed the order Tuesday approving the largest auto-scandal settlement…
Data breach settlement approved in Canadian class action lawsuit against Home Depot
September 3, 2016 by Canadian UnderwriterAn Ontario court recently approved a settlement in a class action lawsuit against Home Depot of Canada, Inc. and its corporate parent arising from a data breach in 2014 that affected its payment card system. Class action lawsuits were filed…
Enbridge announces US$177 million settlement in connection with 2010 oil spills
July 21, 2016 by Canadian UnderwriterThe U.S. Department of Justice (DOJ) and the Environmental Protection Agency (EPA) have announced a US$177 million settlement with Enbridge Energy Limited Partnership and several related Enbridge companies to resolve claims stemming from its 2010 oil spills in Marshall, Mich.,…
BP faces further US$2.5 billion charge over 2010 Deepwater Horizon spill, total cost at US$61.6 billion
July 15, 2016 by Canadian UnderwriterOil and gas company BP plc announced on Thursday that the 2010 Deepwater Horizon accident and oil spill will cause the company to take “an after-tax non-operating charge of around US$2.5 billion in its second quarter 2016 results.” BP said…
Dispute over $25-million reinsurance claim, arising from defective product lawsuit, could reach Supreme Court of Canada
July 12, 2016 by Canadian UnderwriterA dispute between a forest product firm’s captive reinsurer and Swiss Reinsurance Company, arising from a US$70-million settlement, could reach the Supreme Court of Canada. Vancouver-based MacMillan Bloedel Ltd. purchased commercial general liability policies from American International Group Inc. during…
Judge: Substantial progress in Volkswagen emissions talks
May 25, 2016 Sudhin Thanawala - THE ASSOCIATED PRESSSAN FRANCISCO – Volkswagen and attorneys for vehicle owners affected by the company’s emissions cheating scandal are on target to meet a June deadline for a final settlement proposal, a federal judge said Tuesday. Senior U.S. District Court Judge Charles…
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…
Deal reached in 3rd GM case over ignition switch claims
April 8, 2016 The Associated PressNEW YORK – Lawyers in New York say a settlement has been reached in a claim over a faulty General Motors ignition switch involved in a deadly accident. They say the deal negates the need for the third of six…