Following a statement from the Swiss competition authority, COMCO, saying it wants to prohibit the Swatch Group from supplying watch mechanisms to other companies during 2020, Swatch, the world’s biggest watch maker, has threatened to pursue damages. “The provisional measures… Read More ›
damages
Bayer faces strong legal headwinds, gains shareholders backing despite AGM rebuke
It would be interesting to see Bayer’s due diligence for its acquisition of Monsanto since even before Bayer’s $63 billion acquisition of Monsanto, the latter was facing lawsuits related to its Roundup weedkiller. According to two of Bayer’s largest German… Read More ›
European Court of Justice annuls European Commission’s 2013 decision to block UPS acquisition of TNT
Following the ruling, UPS said it is seeking $1.99 billion (1.74 billion euros) in damages. In a development that potentially opens up the possibility of potential litigation against the European Commission, on Wednesday, the European Court of Justice annulled a… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
VW’s shareholders seek $11 billion in damages over dieselgate
In a lawsuit aimed at Volkseagen, shareholders representing 1,670 claims, have sued the carmaker over inadequate disclosures; they have argued that if they would have known of dieselgate they would have the opportunity to sell or not buy VW’s shares…. Read More ›
Creditors to sue Etihad over Air Berlin’s insolvency: source
Creditors are of the opinion that Etihad, Air Berlin’s parent, should have taken care of its issues such that it need not have gone to administration. As per a source close to the matter at hand, Air Berlin’s creditors are… Read More ›
Tesla faces potentially class action suit from sudden acceleration issues in Model X
The lawsuit had cited incidents of sudden acceleration from NHTSA’s database and on this basis has sought class action status. A model X owner has sued Tesla Motors stating that his EV suddenly accelerated while being parked, causing it to… Read More ›
Brazil’s superior court tells BHP & Vale to shell $6.23 billion for the country’s worst ever environmental disaster
BHP and Vale’s settlement of $2.3 billion was overturned by the court and it was told to pay $6.23 billion. It has now decided to fight the case, rather than settle. BHP Billiton has disclosed that it would appeal the… Read More ›