SEC Probes Tesla Over Whistleblower Claims on Solar Panel Defects December 7, 2021 By Hyunjoo Jin and Chris Prentice SAN FRANCISCO/WASHINGTON–The U.S. securities regulator has opened an investigation into Tesla Inc over a whistleblower complaint that the company failed...
“Flashing Red”: Finance System Grows More Dangerous – Allianz CEO November 19, 2021 By Tom Sims and Alexander Hübner FRANKFURT — Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not...
JPMorgan Sues Tesla For $162M After Musk Tweets Soured Warrant Deal November 17, 2021 By Jonathan Stempel NEW YORK–JPMorgan Chase & Co has sued Tesla Inc for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly”...
US Judge Revives Class-Action Claim in Wynn Resorts Lawsuit August 6, 2021 By Ken Ritter LAS VEGAS (AP) — A federal judge in Nevada has revived elements of a securities fraud lawsuit seeking class-action status...
Fla. Supreme: Insurer Can Pursue Malpractice Suit Against Law Firm That Botched Defense June 4, 2021 By Jim Sams Attorneys who are hired by insurance carriers to defend policyholders from lawsuits have a duty to represent the insured, but...
SEC Says GE to Pay $200M Penalty for Misleading Investors December 10, 2020 By Katanga Johnson and Rajesh Kumar Singh WASHINGTON/CHICAGO — General Electric Co has agreed to pay a $200 million penalty to settle charges for misleading investors over...
8th Circuit Finds No Coverage Owed in Separate Investor Schemes December 8, 2020 By Jim Sams In separate opinions, a federal appellate court affirmed rulings that insurers could dodge liability for wrongful acts by their policyholders...
GM Rethinks Planned Stake in Electric Vehicle Maker Nikola December 1, 2020 NEW YORK — General Motors will not be taking a stake in the electric vehicle company Nikola, and the company...
U.S. Pension Funds Sue Allianz After $4B in Coronavirus Losses September 28, 2020 By Tom Sims FRANKFURT — Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz,...
AmTrust, Ex-CFO to Pay $10.5M to Settle SEC Charges Of Improper Reserves Reporting June 19, 2020 The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former...