Transportation

  • October 30, 2013

    Brookfield Raises $7B For Global Infrastructure Fund

    Brookfield Asset Management Inc. has maxed out its second infrastructure fund at $7 billion and will focus on committing capital to energy and renewable power assets around the world, the Toronto investment firm said Wednesday.

  • October 30, 2013

    US Air, AA Ready To Defend Merger Deal In Trial, Atty Says

    Attorneys for US Airways Group Inc. and American Airlines Inc. on Wednesday refused to discuss any settlement talks they've had with the federal government over the airlines' proposed merger, saying they are prepared to defend the deal during next month's trial.

  • October 29, 2013

    ArcelorMittal Steel Patent Deemed Invalid, Suit Junked

    A Delaware federal judge on Friday dismissed an infringement suit facing AK Steel Corp. after declaring ArcelorMittal SA's patent covering a form of specialized steel invalid, saying the company illegally broadened the claims when it obtained a reissue of the patent.

  • October 29, 2013

    DOJ Unlikely To Ground Airline Merger Fight In Mediation

    As the November trial date for the blockbuster merger challenge approaches, the U.S. Department of Justice, American Airlines Inc. and US Airways Group Inc. have agreed on a mediator for settlement talks, but experts said Tuesday that the antitrust watchdog wasn't likely to back down.

  • October 29, 2013

    Chrysler Wins Dismissal Of FCA Whistleblower Suit

    A Michigan federal judge on Tuesday granted Chrysler Group LLC’s motion to dismiss a False Claims Act suit brought by a former executive who accused the carmaker of retaliating against him for uncovering and attempting to report fraudulent activity against the U.S. government.

  • October 29, 2013

    Norwegian Co. Allowed To Stay In Boeing $350M Contract Suit

    A California federal judge on Monday denied attempts to dismiss breach-of-contract claims brought by a Norwegian investment company in Boeing Co.'s $350 million suit over a failed satellite-launching company, ruling a Swedish arbitration award in the dispute didn't preclude the claims.

  • October 29, 2013

    Revived Cert. Bid In Volvo Engine Defect Suit Blocked

    A North Carolina judge on Tuesday denied renewed efforts to secure class certification in a suit accusing two Volvo Group units of concealing engine defects, saying the plaintiffs had ignored court instructions allowing them to pursue only limited statewide classes.

  • October 29, 2013

    NY Appeals Court Upholds Approval Of 'E-Hail' Taxi Program

    A New York appeals court on Tuesday upheld a lower court's approval of the New York City Taxi and Limousine Commission's 12-month pilot program to allow medallion cabs to arrange passenger pickups via smartphone applications, saying the program is in compliance with the city and state statutes.

  • October 29, 2013

    Atty Fees Slashed In $3.2M JetBlue Call-Snooping Deal

    A California judge approved on Tuesday a $3.2 million settlement for a class action against JetBlue Airways Corp. — for allegedly illegally recording calls to customer service agents — but slashed the $1 million requested for attorneys' fees and costs to $650,000.

  • October 29, 2013

    Delta Fights Class Cert. In Baggage Price-Fixing Suit

    Delta Air Lines Inc. urged a Georgia federal judge on Friday not to certify a class of travelers accusing the airline and AirTran Airways Inc. of colluding to fix baggage fees, saying further discovery is required to readily identify the individual class members.

  • October 29, 2013

    Honda Beats Suit Over Defective Gold Wing Motorcycles

    A Florida federal judge on Monday tossed a proposed class action accusing American Honda Motor Co. Inc. of deceptively marketing defective Gold Wing touring motorcycles that can allegedly accidentally shift gears on their own, finding the only damages are economic losses.

  • October 28, 2013

    Calif. Appeals Court Reverses GM Defect Judgment

    A California state appeals court on Monday reversed a lower court’s judgment awarding damages to a family and their homeowners insurer for the destruction of the family’s residence by a fire that originated in a vehicle manufactured by General Motors LLC, calling the jury’s findings inconsistent.

  • October 28, 2013

    Creditors Want Say In American-US Airways Antitrust Suit

    The unsecured creditors of American Airlines Inc.’s bankrupt parent company asked a Washington, D.C., federal judge Monday to allow them to file a friend-of-the-court brief backing American's contested merger with US Airways Group Inc., saying the bankruptcy process would have to start over if federal authorities killed the deal.

  • October 28, 2013

    EIB Injects $210M Into Ukraine Metro Expansion Project

    The European Investment Bank will contribute €152 million ($210 million) in financing to extend the Dnipropetrovsk metro line in Ukraine over the next 25 years as the bank works to fight climate change, according to an agreement signed Monday by the bank and Ukraine's finance minister.

  • October 28, 2013

    More Korean Air Passengers Balk At $65M Antitrust Deal

    A dozen more passengers voiced dissatisfaction Friday with a $65 million settlement of a proposed class action alleging Korean Air Lines Co. fixed the price of flights between the U.S. and Korea, saying the deal would benefit the airline and the attorneys for the class, not the passengers who were allegedly taken for a ride.

  • October 28, 2013

    'Patent Monetizer' Plugs Biz Model In Alaska Air Accord

    Lauding its success with its patent assertion and monetization business model, CopyTele Inc. announced Monday it settled its patent infringement suit in Texas federal court against Alaska Air Group Inc. with a licensing agreement to cover its frequent flyer program technology.

  • October 28, 2013

    Enviro Suit Over $3B Ind. Road Project Kept Alive

    A federal judge declined Friday to rid the Indiana Department of Transportation of two conservation groups' effort to block part of a $3 billion, 142-mile expansion of Interstate 69 following delayed court filings, saying the plaintiffs should not pay the price for their attorney's dilatory conduct.

  • October 28, 2013

    Indicted Philly Traffic Court Judge To Get Suspension Pay

    Philadelphia traffic court judge Michael Lowry, under federal indictment for his participation in an alleged ticket-fixing scandal, will receive pay during his suspension, the state's Court of Judicial Discipline ruled Friday.

  • October 25, 2013

    United Airlines Fined $1.1M For Tarmac Delays In Chicago

    United Airlines was fined $1.1 million over long delays at Chicago-O’Hare International Airport in July 2012 that flouted restrictions since 2010 on tarmac delays, the U.S. Department of Transportation said Friday.

  • October 25, 2013

    App Maker Says Calif. Wrongly Expanded Ride-Sharing Rules

    Web-based ride-sharing service provider Uber Technologies Inc. told a California utilities commission Wednesday that it doesn't have the authority to regulate the company because, while the commission has jurisdiction over transportation providers, Uber only develops software connecting such companies with passengers.