Business Archives - Page 466 of 483

CFPB to Propose Forced Arbitration Changes

Staff - October 8, 2015

The proposed regulation would not completely ban the practice in its entirety, but instead force to add a section that states that the arbitration procedures do not apply if a complaint has been certified by a judge for class-action litigation. Codrary said about the provision, “Under this proposed approach, consumers would again get their day in court to hold companies accountable for potential wrongdoing. We think that’s quite important.” The rule would also require companies to publicly post which claims have been brought to arbitration and the awards issued.

Emissions of Guilt: A By-The-Numbers Look at the Volkswagen Emissions Scandal

Staff - October 7, 2015

We break down the Volkswagen Emissions Scandal and display pertinent numbers relevant to the investigation into the use of bypass software to cheat emissions testing and promote “clean diesel.”

Volkswagen Internal Audit Focuses on Engineers as Lawsuits Mount over Emissions Scandal

Staff - October 6, 2015

he engines were set to be a revolutionary breakthrough, used not just for Volkswagen models, but also for the company’s premium brand Audi, and less costly offshoots Skoda and Seat, along with some light commercial vehicles. Although specifics remain sketchy, it appears that management from the engineering team instructed the use of the software, under pressure to market the “clean diesel” breakthrough. The internal audit discovered that engineers realized that the vehicles would not, at the very least, meet U.S. diesel emissions standards, which are more stringent than in Europe.

How will Gap between UAW Workers and Fiat-Chrysler be Bridged?

Staff - October 2, 2015

Although the UAW is currently regrouping its efforts, there is a real possibility that FCA employees will strike, the first in decades. Following Thursday’s announcement, union leaders met with 300 UAW shop representatives throughout the night, yielding discussions, but no tangible solution to the impasse. Williams hinted that a return to the bargaining table in the near future could be possible, saying in a statement that the union will “gather the issues; notify FCA that further discussions are needed.” Williams added, “We don’t consider this a setback; we consider the membership vote a part of the process we respect.”

Seven More Automakers Questioned about Takata Airbag Recall

Staff - September 29, 2015

The companies include: Volkswagen, Tesla, Daimler’s Mercedes Benz division, Jaguar-Land Rover, Suzuki, Volvo Trucks, and Spartan Motors. Depending on the regulator’s findings, the manufacturers could add to the 11 companies and over 19.2 million vehicles within the U.S. implicated in the recall. Specifically, the NHTSA is asking the automakers whether or not their airbags contain ammonium nitrate, the propellant that can “potentially lead to overaggressive combustion or potentially cause the inflator to rupture,” spraying shrapnel into the driver’s cabin; which has been attributed to at least eight deaths and over 100 injuries.

Ralph Nader’s Tort Law Museum Opens in Connecticut

Jeremy Lesh - September 28, 2015

Nader is hoping that the museum will help to serve future generations in understanding the power of the consumer, the threats of the protections being removed as part of the conservative tort-reform agenda, which is an attempt to put caps on personal injury lawsuit awards. Nader said, “Tort law is being run into the ground, maligned, caricatured and slandered because it’s effective,” calling tort reform, “the cruelest movement I’ve ever encountered.”

Are Criminal Charges against Volkswagen Imminent?

Staff - September 25, 2015

Clarence Ditlow, executive director for the Center for Auto Safety said,”The damage to Volkswagen is going to last for years. This was so clearly a deliberate act by executives at Volkswagen that there needs to be criminal penalties.”

George Zimmer is now a Marijuana Activist

Staff - September 24, 2015

Zimmer took time to lend support to the marijuana legalization movement as the keynote speaker in Los Angeles at the Cannabis World Congress and Business Expo on Friday. In his speech, Zimmer called the placement of marijuana on the Schedule I of the Controlled Substances Act, equating it to drugs like heroin and ecstasy, “the biggest con that has been perpetrated on this country in the last century.”

Oakland Sues Wells Fargo for Lending Discrimination

Staff - September 23, 2015

The city is blaming Wells Fargo for the loss of millions of dollars of potential tax revenue, leading to budgetary limits for services like parks, policing, and libraries. City attorney Barbara Parker said in a statement after the filing, “Wells Fargo’s discriminatory conduct devastated individuals and communities, increasing poverty and wiping out or drastically reducing wealth for minority communities while bankers prospered.”

Peanut Exec gets Record 28 Year Sentence for Deadly Food Poisoning Outbreak

Staff - September 22, 2015

Parnell was convicted on multiple charges including knowingly shipping peanut products that were tainted with salmonella to merchants throughout the country. An ensuing outbreak between 2008 and 2009 in 46 states contributed to over 700 illnesses and at least nine deaths. Judge Sands also sentenced Parnell’s brother, 56 year-old Michael Parnell, a peanut broker, to 20 years and the plant’s quality assurance manager Mary Wilkerson to five years. Stewart Parnell’s 28 year sentence is the longest ever given for a food poisoning-related offense.

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