Automotive Law360 provides breaking legal news and analysis on the automotive industry. Coverage includes litigation, policy developments, and deals involving auto manufacturers, auto dealers, auto parts sellers, car rental services, auto finance lending companies, and trucking and delivery companies.
The U.S. Securities and Exchange Commission is investigating Honeywell International Inc.’s accounting of liability for asbestos claims after the company raised its estimate earlier this year by $1.1 billion, the company revealed in its securities filing Friday.
An electric car company co-founded by former Virginia Gov. Terry McAuliffe asked a Virginia bankruptcy court for permission to name a Chinese investment firm as the $50 million stalking horse bidder for its assets.
Duane Morris LLP on Thursday saw a fee request granted by the Michigan federal judge overseeing multidistrict litigation surrounding an alleged conspiracy to stifle competition in the auto parts industry, scoring just under $850,000 from a $3.1 million deal cut with Robert Bosch GmbH and others.
Four companies have asked the Supreme Court to review the Sixth Circuit’s decision to approve the certification of certain issues for classwide treatment in a group of Dayton, Ohio, residents’ lawsuit accusing the companies of groundwater pollution.
Two former Uber drivers have asked the Ninth Circuit to revive their amended proposed class action alleging that the ride-hailing company lied about a 2014 data breach that compromised their personal information, insisting they have shown an immediate, credible risk of fraud or identity theft from the hack.