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Porsche might get away from $1.4 billion lawsuit with hedge funds


According to a German judge, the hedge funds that seek to recuperate damage worth .2 billion euros ($1.4 billion) from Porsche SE might have to look elsewhere for the money, with the lawsuit pending dismissal. The hedge funds initiated the lawsuit as a result of the Porsche SE’s failed attempt to take full control over German rival Volkswagen AG back in ...
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Apple already accused of wrongdoings by auto battery manufacturer
Apple Inc. was accused in a lawsuit of aggressively targeting the employees from a lithium-ion battery maker (to switch companies) after the technology company has been reported to have started ...
US: GM owners still have a chance to open $10 billion ignition switch lawsuit
Drivers of older Chevy Cobalts, Saturn Ions and of other models that were affected by the huge string of recalls linked to faulty ignition switches have a new chance this ...
US: Uber and Lyft might be forced to award employee benefits to their drivers
Lyft and larger rival Uber – both emerging ride-sharing companies based in the US – have been called in two separate lawsuits seeking class action status in San Francisco federal ...
US judge denies plaintiffs’ access to notes on GM ignition switch mishap
US District Judge Jesse Furman in Manhattan recently decided not to allow access to the GM notes from the lawyers of the company hired by the automaker to do a ...
US: Cooper decides to skip bid to recover $112 million from India’s Apollo
The Findlay, Ohio-based Cooper announced that back on December 16 it decided to stop trying to get back $112 million in fees from Apollo Tyres after the attempted takeover of ...
US: Nissan decides to settle class lawsuit on defective brakes
The US division of the Japanese automaker, Nissan North America has opted to settle a class lawsuit and according to court documents, the company would move to reimburse customers up ...
Porsche SE could face linked lawsuits under German class-action law
The holding company has been facing numerous long-running suits brought on by disgruntled investors over the company’s botched attempt to become majority owner of Volkswagen AG. Now, the investors have asked ...
US: GM, accused of endangering the public, gets sued by the state of Arizona
While General Motors seems eager to put the record number of recalls behind it, the ignition switch debacle continues to haunt the company – with the first lawsuit opened by ...
US: Takata and Honda implicated in wrongful-death suit over faulty airbags
Both Japanese companies were cited by the plaintiffs as the primary responsible in a lawsuit tied to the ongoing debacle that has seen millions of cars recalled because they were ...

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