PG&E is of the opinion that regulators are likely to conclude that its equipment started the wildfires, the deadliest in California’s history, which resulted in the death of 86 people and caused billions of dollars in liabilities. In a significant… Read More ›
lawsuits
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 ›
Lawsuits from Monsanto’s weedkiller Roundup haunts Bayer
Bayer is likely to face negative investor sentiments on Friday at its AGM on the way its management team handled the $63 billion Monsanto deal. According to two sources familiar with the matter at hand, BlackRock will not support Bayer’s… Read More ›
Saudi Arabia raises prospects of ditching USD to stop NOPEC bill
If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›
Volkswagen wins appeal against plaintiff over diesel car affected by emission cheating scandal
It is very likely that the plaintiff, supported by Germany vocal consumer body MyRight, will appeal the verdict in Germany’s highest court – the BGH. A ruling by the BGH will be binding on the rest of the cases under… Read More ›
Legal costs will determine whether Bayer AG would settle glyphosate related cases
According to one of the attorneys for the plaintiff, Bayer’s claims on glyphosate were “hypocritical beyond belief” given its own efforts to control the message on glyphosate, the most recent of which is a full-page advertisement in the Washington Post…. 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 ›
Dutch paintmaker Akzo Nobel in early acquisition talks with U.S. Axalta Coating Systems Ltd
As per analysts, although the going is likely to be tough for Akzo, the company is under heightened pressure to deliver given its past behavior and performance. On Monday, Akzo Nobel, the Dutch paints and coatings maker who came under… Read More ›
Takata Corp files for bankruptcy in Japan and in the U.S.
The company has got itself a sponsor from U.S.-based Key Safety Systems which is owned by China’s Ningbo Joyson Electronic Corp. Japanese airbag manufacturer, Takata Corp which found itself in the centre of one of the auto industry’s biggest ever… Read More ›
Misrepresentation of data privacy measures by companies likely to attract lawsuits from the FTC
Lawsuits are likely to follow in the wake of the global ransomeware attack. According to legal experts, businesses which failed to update their Microsoft Windows-based operating system, could be sued over lax cyber security practices, although Microsoft Corp by itself… Read More ›