Settlement News

Building Owner, Alarm Companies Sued Over Deadly Vegas Fire

LAS VEGAS — The owner of a downtown Las Vegas apartment building where six people died in the deadliest residential fire in city history has been hit with another lawsuit seeking damages. This time, several fire alarm manufacturers, sellers and …

Apollo, Centerbridge Backed PG&E, Funded Loan to Firm Suing It

Two major investors in PG&E Corp. are also backing a loan to one of the law firms suing the bankrupt California utility on behalf of thousands of wildfire victims. Centerbridge Partners LP is the among the 20 biggest shareholders in …

2nd Circuit Throws Out $64 Million Jury Award Against Fireman’s Fund

A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …

Bayer Takes Tough Stance In Glyphosate Settlement Talks Due To Downturn

FRANKFURT — Bayer said the economic downturn and the need to preserve cash means it is taking a tougher stance in talks to settle claims over accusations that its glyphosate-based weedkillers cause cancer, even as its earnings rose. The pandemic …

10 Years After BP Spill: Oil Drilled Deeper; Rules Relaxed

NEW ORLEANS — Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling in deeper and deeper waters, where payoffs can be huge but risks are greater …

PG&E Fire Victims Again Seek Payout Guarantee Amid Virus Tumult

Victims counting on PG&E Corp.’s bankruptcy to compensate them for their losses in California wildfires are making a last-ditch effort for court protection against gyrations in the utility’s share price in the virus-infected stock market. Lawyers for a committee representing …

Tesla Can’t Duck Lawsuit Over Musk’s Take-Private Tweet

Tesla Inc. must face an investor lawsuit over Elon Musk’s notorious 2018 tweet about taking the electric car maker private. The ruling means Tesla will have to provide documents and other evidence to the plaintiffs as the case moves forward. …

Judge Refuses to Approve Fire Victims Letter Attacking PG&E

BERKELEY, Calif. — A federal judge has refused to put his stamp of approval on a letter to Northern California wildfire victims from attorneys who allege that Pacific Gas & Electric may be breaking its promises as it tries to …

PG&E Victims Lawyers’ Squabble Could Slow Bankruptcy Exit

PG&E Corp.’s glide toward approval of its bankruptcy plan has hit new turbulence, with lawyers for fire victims clashing over whether to push for a better settlement because the risk of being compensated with stock has ballooned. Attorneys for the …

West Virginia Governor’s Coal Companies to Pay $5 Million In Fines

CHARLESTON, W.Va. — Billionaire West Virginia Gov. Jim Justice’s coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors said Wednesday. The civil case brought by prosecutors in Virginia last year on …