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Automotive

  • August 22, 2014

    Rockets Arena Can't Restore $2.5M Award At Texas High Court

    The Texas Supreme Court on Friday refused to reinstate a $2.5 million award the owner of the Houston Rockets’ arena won for an allegedly defective sign that was the centerpiece of its sponsorship by a Toyota dealership.

  • August 22, 2014

    6th Circ. Axes Ex-Michelin Worker's Early Retirement Row

    The Sixth Circuit on Thursday affirmed the dismissal of a putative class action alleging Michelin Retirement Plan improperly applied early-retirement deductions to a former employee’s benefit when he opted to start receiving it immediately upon retirement and before the age of 65, saying the deduction wasn’t arbitrary or capricious.

  • August 22, 2014

    NH High Court Says Honda Doesn't Owe Fees In Dealer Row

    The Supreme Court of New Hampshire on Friday nixed a dealership’s bid for attorneys’ fees from American Honda Motor Co. in a row arguing Honda unlawfully imposed chargeback fees on warranty work it performed, saying the automaker didn’t violate the Dealership Act because it didn’t actually charge the requested fee amounts.

  • August 22, 2014

    6th Circ. Won't Lift Stay On TRW Health Benefits Fight

    The Sixth Circuit on Thursday refused to lift a stay blocking TRW Automotive Holdings Corp. retirees' bid for rehearing of their health benefits class action, despite the plaintiffs' argument that a pending U.S. Supreme Court case over retiree health care benefits deals with different union contracts.

  • August 22, 2014

    Classes Urge Cert. In GM False 'Monroney' Sticker Suit

    A Florida federal judge on Friday was urged to grant class certification to a suit accusing General Motors LLC of applying "Monroney" stickers to certain vehicles for sale and lease that falsely implied that the vehicles received the highest federal safety rankings available, when the automobiles had received no such rankings.

  • August 21, 2014

    GM Attys Eyed In DOJ Probe Over Pre-Recall Evidence

    The U.S. Department of Justice is reportedly investigating General Motors Co. attorneys for possibly hiding evidence over a faulty ignition switch that led to massive recalls, as part of a bigger criminal probe into misleading statements GM executives may have made to regulators.

  • August 21, 2014

    Kia, Hyundai's $255M Deal In Fuel Efficiency MDL Gets OK

    Hyundai Motor America and Kia Motors America won approval from a California federal judge on Thursday for a settlement potentially worth over $255 million to resolve claims in multidistrict litigation that the companies overstated the fuel efficiency of over 900,000 vehicles.

  • August 21, 2014

    GEICO Slams Repair Shops' Conspiracy Suit

    GEICO on Thursday asked a Michigan federal court to remove it from a lawsuit the owner of an auto rental and repair shop filed against insurance companies alleging they collectively terminated a direct billing arrangement as part of a conspiracy to squeeze him out of business.

  • August 21, 2014

    Mazda Hit With Class Action Over Engine Valve Defect In NJ

    Mazda Motor of America Inc. was slapped Thursday with a putative class action in New Jersey federal court that accuses the automaker of concealing from consumers an engine valve system defect included in certain Mazda vehicles and refusing to repair the issue in breach of warranty.

  • August 21, 2014

    Deals Rumor Mill: Pfizer, American Tire, VakifBank

    Pfizer Inc. is still seeking to acquire U.K. rival AstraZeneca PLC, despite having given up on its original $116 billion bid in May, while American Tire Distributors Inc. could sell for more than $3 billion in an auction that will feature a number of private equity firms.

  • August 21, 2014

    Carlyle Ready To Say Goodbye As Axalta Plans IPO

    Automotive and industrial coatings business Axalta Coating Systems Ltd. filed plans Wednesday for a $100 million initial public offering, setting the stage for The Carlyle Group to exit its portfolio company two years after snapping it up for nearly $5 billion.

  • August 21, 2014

    Canada Fines Denso $2.2M For Auto Parts Bid-Rigging

    Denso Corp. said on Thursday it was ordered by a Canadian court to pay CA$2.45 million ($2.2 million) after it made a plea agreement for conspiring with other Japanese motor vehicle component manufacturers to rig bids to supply Toyota Motor Manufacturing Canada Inc. with certain vehicle parts.

  • August 21, 2014

    Louisana AG Sues State Farm Over Auto Shop Manipulation

    The state of Louisiana on Tuesday slapped State Farm Fire and Casualty Co. with a suit in state court accusing the insurer of steering customers to its preferred auto repair shops and manipulating repair costs, echoing the claims of a recently consolidated multidistrict litigation filed by auto repair shops against more than 80 insurers, including State Farm.

  • August 21, 2014

    Lexus to Cut Parts Prices in China Amid Antitrust Probe

    Toyota Motor Corp. on Thursday said it will cut the prices of Lexus spare parts in China in September, following rivals who have already slashed rates amid a probe by the nation’s antitrust watchdog into anti-competitive practices in the country's massive auto market.

  • August 20, 2014

    GM Should Face Wrongful-Conviction Claims, Trustee Says

    Trustee Wilmington Trust Co. and General Motors LLC filed dueling briefs Tuesday in New York bankruptcy court in response to a former GM employee’s bid to pursue claims against GM over his wrongful conviction for rape, with Wilmington arguing GM should face the claims.

  • August 20, 2014

    Deals Rumor Mill: Mylan, Lear, Iliad

    Mylan is among several companies that have made it to the second round of bidding for a mature drug portfolio GlaxoSmithKline is offering, which could be worth as much as $3 billion, while Lear is on the verge of buying premium automotive leather supplier Eagle Ottawa for more than $800 million.

  • August 20, 2014

    Icahn Takes Stake In Hertz Amid Auto Recall Woes

    Carl Icahn has revealed an 8.48 percent stake in Florida-based Hertz Global Holdings Inc. and might seek representation on the rental car company's board of directors after it admitted to struggles with automobile recalls and accounting issues, according to a Wednesday securities filing.

  • August 20, 2014

    NastLaw Founder Joins GM MDL Executive Committee

    A New York federal judge has appointed plaintiffs litigation firm NastLaw LLC's founder Dianne Nast as one of 10 members of the plaintiffs executive committee in the General Motors Co. ignition switch multidistrict litigation. 

  • August 20, 2014

    GM Bankruptcy Stay Doesn't Halt Remand Bid, Calif. Says

    Attorneys for the state of California asked a New York bankruptcy judge on Tuesday not to halt proceedings in a suit alleging General Motors LLC concealed serious ignition switch safety defects to avoid having to issue recalls, to provide the state an opportunity to have the case sent back to state court.

  • August 20, 2014

    Audi Can't Duck Suit Over Vehicle Computer System Patent

    An Illinois federal judge on Wednesday refused to dismiss Velocity Patent LLC’s suit accusing Audi of America Inc. of infringing its patent by manufacturing 25 vehicle models with onboard computer systems, rejecting Audi’s argument that the complaint was deficient.