Private equity-backed secondhand car dealer British Car Auctions on Tuesday called off an initial public offering in which it hoped to raise £200 million ($322 million), citing the same market volatility that has made companies across industries scrap or delay their offering plans.
The Fifth Circuit on Monday tossed a widower’s suit against Toyota Motor Corp. alleging that defective air bags in his wife's 2010 Highlander led to her death, saying that Texas law requires claims for manufacturing defects to cite more than just deviation from the automaker's performance standards.
Mercedes-Benz USA LLC told a California federal judge on Monday that consumers’ supposed reliance on its “reputation” can't be used to pursue claims that it allegedly failed to fix leaks present in Sprinter model van air-conditioning units, asking that the class action be tossed.
Attorneys on both sides of multidistrict litigation over deaths and injuries caused by alleged unintended acceleration defects in Toyota Motor Corp. vehicles told a California federal judge on Tuesday that the settlement process has been efficient and effective, saying more than half of nearly 250 individual lawsuits have been resolved.
The European Commission announced Tuesday that it believes Honeywell International Inc. and E.I. DuPont de Nemours and Co. may have violated antitrust rules by allegedly limiting the production and development of a new environmentally friendly refrigerant used in car air-conditioning systems.
A production employee working for Hyundai Motor Manufacturing of Alabama LLC is accusing the company of refusing to pay overtime for mandatory exercise sessions at its Montgomery plant, according to a proposed collective action filed in federal court.
General Motors Co. on Friday joined Apple Inc. in pushing for Jones Day to quit working for a battery-part maker in its infringement suit against LG Chem Ltd., which makes GM car batteries, saying the firm is representing a client that could take out two GM factories in Michigan.
A California federal judge on Monday approved Santander Consumer USA's agreement to not collect almost $200 million in outstanding car loan debts in order to settle class action claims that the subsidiary of the Spanish banking behemoth issued faulty notices to borrowers after repossessing their cars.
A well-connected businessman who fled the U.S. after the collapse of his auto dealership and set up shop in Australia, where he was later dubbed “Brisbane’s Bernie Madoff,” can’t escape charges he defrauded U.S. banks and investors of up to $200 million, a California federal judge ruled Monday.
A California grocery chain and a Las Vegas limousine service were faulted Friday by National Labor Relations Board judges who found the employers violated federal labor law by requiring employees to sign arbitration agreements that interfered with their right to bring collective actions.
The U.S. Supreme Court on Monday declined to hear Blue Cross Blue Shield of Michigan's appeal of a $5.1 million judgment against the insurer over allegations it charged an auto supplier hidden fees while administering its health plan, allowing a host of similar lawsuits to go forward, according to plaintiffs' firm Varnum LLP.
In Law360's latest look at the World Trade Organization's Dispute Settlement Body, the European Union's case against Russian car tariffs heads to a panel, the U.S. agitates for progress on a decade-old biotechnology dispute, and Cuba accuses the U.S. of dragging its feet in a festering fight over intellectual property rights.
A Georgia federal judge on Sunday temporarily blocked Liberty Global Logistics LLC from halting its ocean carriage services to military contractor International Auto Logistics LLC over $3 million in alleged nonpayments, ruling such a stoppage could disrupt the federal government's ability to transport troops.
Toyota Motor Corp. on Monday said it has expanded for the third time its recall of certain vehicles equipped with front passenger-side air bags manufactured by Takata Corp., adding approximately 247,000 vehicles that were sold or registered in areas with consistently high humidity.
Auto paint services company RS International LLC is pushing for sanctions against Ford Motor Co., accusing the automotive giant of being a “bully” by continuing to pursue a declaratory judgment suit over the trademark for “Royal Shield” in bad faith.
More deaths have been attributed to a faulty ignition in General Motors Co. vehicles, bringing the total to 29, according to a claims report released Monday by the attorney who manages a compensation fund for victims of crashes caused by the defect.
Car parts supplier National Auto Parts Inc. is accusing several former employees of raiding its computer files and defecting to a competitor who used the confidential information to steal away customers, according to a complaint filed in Illinois federal court Friday.
An Illinois federal judge has allowed General Motors LLC to join three settlement classes in a consolidated class action against eight steelmakers accused of scheming to inflate prices, allowing GM to withdraw its previous exclusion request.
A multimillion-dollar lawsuit filed against Facebook Inc. and Ferrari SpA on Tuesday in California Superior Court says the social network and automaker worked together to misappropriate two popular Ferrari fan pages from their creators, posing the question of who has ownership rights over Facebook fan pages.
The Delaware Supreme Court ruled Friday that a secured lending interest is terminated simply by filing the appropriate paperwork, regardless of the party's intent or understanding, answering a question from the Second Circuit over a challenge involving a JPMorgan Chase & Co. unit in the General Motors Corp. bankruptcy case.