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Automotive

  • June 26, 2014

    Obama Nominates NTSB Acting Chief For Top Seat

    President Barack Obama on Thursday named National Transportation Safety Board’s acting Chairman Christopher Hart to take on the role permanently, putting him up for a two-year term in the lead seat, the White House said in a statement.

  • June 26, 2014

    AIG Insurers Told To Hand Over Reinsurance Communications

    A Minnesota federal judge has ordered two American International Group Inc. insurers to turn over communications with reinsurers, underwriting files and loss reserve information to Donaldson Co. Inc. in an insurance dispute involving claims of faulty air-intake ducts in trucks.

  • June 26, 2014

    G&E Lures Brown Rudnick Pro To Lead Its Bankruptcy Group

    Financial litigation law firm Grant & Eisenhofer PA picked up a former Brown Rudnick LLP creditor-side bankruptcy attorney with experience representing creditors in high-profile bankruptcies, including General Motors Co., for business in the automotive, chemical, energy, entertainment, manufacturing and retail industries among others, the firm said Wednesday.

  • June 26, 2014

    Deals Rumor Mill: Hart, TreeHouse, Manitowoc

    Graeme Hart, New Zealand's richest man, is sizing up the sale of his U.S. auto parts maker, which he bought for almost $2 billion in 2011, while food retailer TreeHouse Foods is inching closer to inking a deal for Flagstone Foods for up to $900 million.

  • June 26, 2014

    Feinberg To Unveil GM Defect Compensation Plan Monday

    Kenneth Feinberg, the settlement expert charged with containing the legal fallout from General Motors Co.’s deadly ignition switch defect, will unveil his compensation program for victims on Monday.

  • June 26, 2014

    State Farm Targets Auto Shops' 'Vague' Antitrust Suit

    State Farm Mutual Automobile Insurance Co. asked a Mississippi federal judge on Thursday to junk an antitrust suit accusing it and other insurers of conspiring to manipulate car repair costs to reduce their repair-shop payments, arguing the complaint contains vague and conclusory allegations.

  • June 26, 2014

    Kia, Hyundai Roll Closer To Settling Fuel Economy MDL

    A California federal judge indicated Thursday that he would soon approve Hyundai Motor America and Kia Motors America’s settlement of multidistrict class action allegations they overstated the fuel efficiency of more than 900,000 vehicles, saying the claims process needed revision but rejecting dissident class members' attack on the deal.

  • June 26, 2014

    4th Circ. OKs Ford's Rejection Of Dealership Sale

    The Fourth Circuit on Thursday upheld the dismissal of claims in a suit alleging Ford Motor Co. imposed unlawful conditions over the sale of a dealership, saying Ford properly exercised its right of first refusal under Virginia law by rejecting the proposed sale.

  • June 26, 2014

    GM CEO Barra Says More Recalls Are Possible

    Mary Barra, the chief executive officer of General Motors Co., said on Thursday that more vehicles could be recalled down the road as the embattled automotive giant continues its investigation into recent safety developments that led to the recall of more than 20 million vehicles.

  • June 26, 2014

    Ford Explorer Owners Seek Class Cert. In Exhaust Fumes Suit

    A Florida federal judge on Wednesday was urged to certify a class of Ford Explorer owners and lessors in a suit accusing the automotive giant of misleading consumers about a defect in the vehicles’ exhaust system that exposes passengers to dangerous levels of carbon monoxide.

  • June 26, 2014

    Michaels, Hyatt Accused Of Infringing Traffic Detection Patent

    Traffic Information LLC launched a slew of lawsuits Wednesday in Texas federal court accusing companies including Hyatt Corp., Michaels Stores Inc. and Kelley Blue Book Co. Inc. of swiping its patented technology for sending real-time vehicular traffic information to smartphones or tablets.

  • June 26, 2014

    Calif. Court Revives Toyota Dealership Race-Bias Case

    A California appeals court on Wednesday revived discrimination claims brought by a putative class of Toyota Motor North America dealership employees, saying a lower court didn’t have the authority to decide whether the workers had agreed to arbitrate their claims.

  • June 26, 2014

    PTAB Upholds VW Win In Car Navigation Patent Dispute

    A U.S. Patent and Trademark Office appeals board on Thursday upheld a patent examiner's rejection of three claims of a car navigation patent held by Beacon Navigation GmbH following a review initiated by Volkswagen Group of America Inc., saying the claims were obvious and anticipated by prior art.

  • June 25, 2014

    GM Tells Feds It Knew Of Other Ignition Problem In 2007

    General Motors Co. kept quiet for more than seven years about design flaws that allowed keys in some Chevrolet and Saturn cars to be removed from the ignition while the engine ran, only telling owners about the problem this April, according to a GM letter to federal regulators.

  • June 25, 2014

    4th Circ. Keeps Damages Against Trucking Co. In Bias Suit

    The Fourth Circuit on Tuesday upheld roughly $383,000 in damages and attorneys' fees against trucking company A.C. Widenhouse Inc. over its alleged discrimination against two black employees, ruling that a new trial was unlikely to change the jury's finding of liability.

  • June 25, 2014

    AutoZone, JC Penney Duck Claims In Mobile IP Suit

    A Texas federal judge on Tuesday pared claims against retail giants AutoZone Inc. and J.C. Penney Corp. in a patent infringement suit over a mobile website software patent, saying the claims were improperly asserted under the doctrine of equivalents.

  • June 25, 2014

    GM Wins Reversal Of Fuel Cell Patent Application Rejection

    The U.S. Patent and Trademark Office's Patent Trial and Appeal Board on Wednesday reversed an examiner's rejection of General Motors Co.'s patent claim for methods of determining the heating rate and cathode airflow to fuel cell stacks, saying the examiner erred in finding the claims lacked enablement.

  • June 25, 2014

    OCC Says Banks Taking On Lending Risks Again

    Pressed by low interest rates and a constrained lending environment, banks are beginning to increase the credit risk on their books, in particular in the indirect auto and leveraged loan sector, a report released Wednesday by the Office of the Comptroller of the Currency said.

  • June 25, 2014

    Revstone Gets Thumbs Up To Sell $13M Stake In Canadian Unit

    A Delaware bankruptcy judge agreed Wednesday to approve Revstone Industries LLC's $13 million sale of its equity stake in a Canadian unit to private equity firm Zynik Capital Corp after the auto parts conglomerate resolved an issue with General Motors Co. that had threatened the transaction's closing.

  • June 25, 2014

    Hyundai Dealership Contract Breach ‘Incurable’: 2nd Circ.

    The Second Circuit on Wednesday affirmed a judgment in favor of Hyundai Motor America in a suit seeking to block it from terminating a dealer contract over sales fraud allegations, saying a New York law governing the relationship between car manufacturers and franchisees doesn’t circumvent common law pertaining to incurable breaches of contract.