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 ›
litigation
Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… 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 ›
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 ›
After Supreme Court ruling, GM settles hundreds of ignition switch related lawsuits
The details of the settlement are yet to be disclosed, as they are confidential. GM’s lawyers are working with the plaintiffs’ lawyers to complete the documentation within a month’s time, after which it will begin implementing the court’s order. As… Read More ›
U.S. withdrawal from Paris Climate Agreement could lead to increased litigation and reduced FDI inflows to the U.S.
The investor-state dispute settlement (ISDS) has gained notoriety since it provides companies the means to sue governments in ad hoc arbitrations if they feel their rights have been abused through a change in the legal basis on which their investment… Read More ›
Jury awards $1 billion to 6 plaintiffs over Johnson & Johnson’s Pinnacle metal-on-metal hip implant
Johnson & Johnson has stated that it will appeal the verdict, typically, in such cases in Texas, the appeals court scales back the initial compensation amount. In a significant ruling, a federal jury in Dallas ordered Johnson & Johnson and… Read More ›