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3M Co
3M agrees historic $6bn settlement over combat earplug lawsuits
...Carl Tobias, a professor of law at the University of Richmond, said the settlement agreed under the civil court system would apply to the more than 250,000 existing claimants if it was approved by a judge...
August 29, 2023
ExplainerFukushima nuclear accident
How risky is Japan’s release of radioactive water from Fukushima?
...have become] even more concerned as I and my colleagues have been performing our due diligence and reviewing the data and answers to our queries from Tepco, the Japanese government and the IAEA,” Robert Richmond...
August 23, 2023
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Johnson & Johnson Co Inc
Johnson & Johnson proposes $8.9bn talc settlement
...Carl Tobias, professor of law at University of Richmond, said J&J’s strategy of using the Chapter 11 again to try to resolve the cases through a global settlement appeared risky given the decisive dismissal...
April 4, 2023
Koch Industries Inc
Koch Industries’ Texas two-step bankruptcy move challenged
...Carl Tobias, professor of law at University of Richmond, said different courts around the country were clearly now more receptive to the plaintiff’s arguments in these bankruptcy cases....
February 18, 2023
Johnson & Johnson Co Inc
J&J blocked from using bankruptcy to resolve talcum powder lawsuits
...Carl Tobias, law professor at University of Richmond, said: “The only prospect left for J&J is an appeal to the Supreme Court, which grants review in a minuscule percentage of appeals.”...
January 30, 2023
Juul Labs
Juul to pay $438.5mn to settle underage vaping investigation by US states
...Carl Tobias, a University of Richmond law professor, said the “substantial” sum Juul had agreed to pay over six to 10 years would help fund cessation, prevention and mitigation efforts but would not end...
September 6, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Legal services
Architects of ‘Texas two-step’ lambast J&J for its use of the manoeuvre
...liability through bankruptcy by capitalising on the Texas two-step in the talc litigation, his ruling could mark the procedure’s last tango in the US,” said Carl Tobias, professor of law at the University of Richmond...
February 14, 2022
Corporate earnings and results
J&J spent $1.4bn on legal move to shield it from talc cancer claims
...Carl Tobias, professor of law at University of Richmond, noted that there was little legal precedent for J&J’s “Texas two-step” manoeuvre....
October 19, 2021
Johnson & Johnson Co Inc
J&J’s ‘Texas-two-step’ sparks outcry over US bankruptcy regime
...But this is an entirely new strategy where the company is trying to shed its liabilities,” said Carl Tobias, law professor at University of Richmond law school....
October 28, 2021
US race relations
Nascar bans confederate flags as Floyd protests force rethink
...In recent days, Virginia’s governor has attempted to remove prominent statues of confederate leaders from a main street in Richmond, the onetime capital of the confederacy, and the Pentagon has been ensnared...
June 10, 2020
News in-depthJuul Labs
The new Juul chief sent to ‘douse fire’ of vaping crisis
...By 2013, he was back in Richmond, Virginia, overseeing the company’s core product as general manager of Marlboro....
September 27, 2019
News in-depthUS opioid epidemic
Drugmakers braced for opioid crisis reckoning
...Carl Tobias, a professor at Richmond Law School, said there is not a clear line of responsibility. “Liability usually follows some kind of bad behaviour, with a causal link.”...
July 12, 2019
Johnson & Johnson Co Inc
Johnson & Johnson faces court judgment over opioids crisis
...So they couldn’t really admit any of their products injure people,” said Carl Tobias, a law professor at the Richmond School of law. “They will appeal until they can’t appeal any more.”...
August 25, 2019
Technology regulation
Department of Justice opens review into Big Tech’s market power
...“I’d think there would be more co-ordination between the DoJ and the FTC,” said Carl Tobias, a law professor at the University of Richmond, Virginia, adding that it was impossible to tell whether the agencies...
July 24, 2019
Tesla Inc
Elon Musk bites back at SEC contempt claim
...“I think the SEC wants to make an example out of Elon Musk,” said Carl Tobias, a law professor at the University of Richmond. “But they want to go the legal route first.”...
February 26, 2019
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Elon Musk
SEC asks judge to hold Tesla’s Elon Musk in contempt over tweet
...the sanction, and judges do not like repeat offenders, especially ones who so flagrantly and cavalierly violate express terms of SEC agreements,” said Carl Tobias, a law professor at the University of Richmond...
February 26, 2019
Uber IPO
Uber’s long list of legal woes ahead of its stock market listing
...“As they enter new markets in the US and everywhere else, they are always going to have to contend with regulatory issues of some sort,” said Carl Tobias, a law professor at the University of Richmond in...
April 9, 2019
US banks
BB&T and SunTrust to combine in $66bn US bank deal
...SunTrust has a large presence in Florida and Georgia, and the combined group will become a more formidable competitor to larger rivals in Washington DC, in Baltimore in Maryland and in Richmond, Virginia...
February 7, 2019
Electric vehicles
SEC faces unique challenge in light of Elon Musk’s goading
...“Once the judge decides on civil contempt, she might be able to move to criminal contempt if the SEC decides it wants to push that,” said Carl Tobias, a law professor at the University of Richmond....
February 27, 2019
US & Canadian companies
US justice department opens investigation into Tesla
...“Even though [the] DoJ just opened the probe, it is more evidence of unnecessary legal troubles that continues to haunt [Mr] Musk and Tesla,” said Carl Tobias, a professor at the University of Richmond law...
September 19, 2018
Retail & Consumer industry
Used car retailer CarMax revs up to record high
...Shares of the Richmond, Virginia-based company rose to an all-time high of $81.28 on Friday after its latest quarterly report, which was released before the opening bell....
June 22, 2018
Technology sector
SEC accuses Elon Musk of securities fraud
...Even if Mr Musk was not barred by a court, Tesla’s board might feel it had to act to demonstrate it was looking out for shareholders, said Carl Tobias, a law professor at the University of Richmond....
September 28, 2018
News in-depthUS & Canadian companies
Elon Musk’s wings are clipped but critics expect little change
...“It is unclear that the board or an independent chair can control Musk and that he will do more to stay out of trouble,” added Carl Tobias, law professor at the University of Richmond....
September 30, 2018
Inside BusinessMatthew Vincent
London cabbies claim foul play against Uber
...matthew.vincent@ft.com Letters in response to this column: Cabbies can take on Uber from a position of strength / From Giles Dixon, Richmond-upon-Thames, UK A predatory pricing model is not competition...
July 29, 2018
News in-depthUS & Canadian companies
What next for Tesla after Elon Musk’s take-private dream dies?
...Carl Tobias, a law professor at the University of Richmond, said: “Under corporate governance rules, you have fiduciary responsibility to be sure you are doing everything possible to make the company profitable...
August 26, 2018

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