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Facebook to face class action lawsuits

2015-12-30 05:23:36| BBC News | Business | UK Edition

Two class action lawsuits against Facebook by shareholders alleging the social media giant hid growth concerns ahead of its 2012 public listing can go ahead, a US judge says.

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Ericsson, Apple agree patent licensing, settle lawsuits

2015-12-21 08:29:00| Telecompaper Headlines

(Telecompaper) Ericsson announced it signed a global patent licence agreement with Apple and settled their outstanding lawsuits. As part of the seven-year agreement, Apple will make an initial payment to Ericsson and, thereafter pay ongoing royalties. The specific terms of the contract were not disclosed. It includes a global cross-license for patented standard-essential technologies and grants certain other patent rights. The settlement ends all ongoing patent-infringement claims between the parties. In addition, the companies will collaborate in multiple technology areas, including the development of the next generation 5G cellular standards, the optimization of existing wireless networks for the benefit of operators and users worldwide, and video traffic optimization. Including positive effects from the settlement, and including its ongoing intellectual property business with other licensees, Ericsson estimates its full-year revenues from licensing at SEK 13-14 billion in 2015. 

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Dealers hit Volkswagen with class action lawsuits over emissions scandal

2015-11-27 21:03:53| Auto Dealers - Topix.net

The emissions scandal has cost Volkswagen dearly both in revenue and reputation -- and now dealerships are the latest groups to take the company to court. In September, the Volkswagen Group was forced to recall over 400,000 vehicles in the United States after being caught using software which avoided clean air and emissions regulations.

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Louisiana parish drops lawsuits against oil, gas companies over alleged environmental damage

2015-11-13 02:20:17| Oil & Gas - Topix.net

A coastal Louisiana parish on Thursday voted to drop its lawsuits against oil and gas companies over damages officials had said the oil industry caused to wetlands by digging numerous canals. The Plaquemines Parish council voted to dismiss 21 suits it had pending against 68 oil companies, officials and a lawyer said.

Tags: companies gas oil environmental

 

Fossil fuel companies risk plague of 'asbestos' lawsuits as tide turns on climate change

2015-10-28 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Telegraph: Oil, gas and coal companies face the mounting risk of legal damages for alleged climate abuse as global leaders signal an end to business-as-usual and draw up sweeping plans to curb greenhouse gas emissions, Bank of America has warned. nvestors in the City are increasingly concerned that fossil fuel groups and their insurers are on the wrong side of a powerful historical shift and could be swamped with exhorbitant class-action lawsuits along the lines of tobacco and asbestos litigation in the...

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