compensation fund News

Sex Abuse Lawsuits at 400 and Counting as New York Law Takes Effect

ALBANY, N.Y. — The Roman Catholic Church, the Boy Scouts, schools and hospitals, the late financier Jeffrey Epstein are some of the targets named in a flurry of sex abuse lawsuits filed Wednesday in New York as the state began …

Senator Wants Compensation Fund for Recalled GM Cars

Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for consumers affected by the company’s faulty ignition switches linked to 12 …

BP Gulf Spill Compensation Fund to be Audited

An independent audit will be performed on the $20 billion fund set up to compensate victims of last year’s BP oil spill in the Gulf of Mexico, Attorney General Eric Holder announced Wednesday. In a letter to the fund’s administrator, …

Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed

Japan’s government agreed on Friday to set up a fund with taxpayer money to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant and avoid financial collapse. The government will issue special-purpose bonds to help …