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...One of the plaintiffs — Melissa Scanlon — deposited only $25 and did not complain to DraftKings at the time, DraftKings’ lawyers noted in the letter from mid-November....
...“I would expect some changes in the way and extent pension funds will use interest rate swaps and currency hedging products.”...
...A revised Product Liability Directive reverses the burden of proof on manufacturers of physical and digital goods....
...A study to be published on Wednesday by risk analysts Praedicat estimates that companies could face personal injury claims of more than $66bn in the US alone, not including claims for environmental damage...
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...Plaintiffs had won 10 of these, and juries had awarded almost $300mn in damages....
...The draft rules set out on Wednesday would require personal investment companies to calculate the amount needed for their potential redress liabilities and set aside adequate capital....
...a trade body with members from both the EIS and VCT markets....
...And then on the other hand you have these personal injury plaintiffs raising these state law tort claims,” Rollins added. “Both styles of litigation are directly addressing the pesticide labels.”...
...Most of Evergrande’s assets are in mainland China, and offshore creditors are structurally subordinated to creditors onshore, where most of Evergrande’s $300bn in liabilities are owed....
...system to manage personal injury claims....
...Leigh O’Dell, a lawyer at Beasley Allen who sits on the plaintiff’s steering committee in the talc litigation, said the bankruptcy strategy is “cynical” and designed to slam shut the doors to the courthouse...
...At Treasury select committee hearings into last year’s liability-driven investment drama, the (unrelated) Dixon International Group described the heavy burden that legacy schemes placed on smaller companies...
...These pay a guaranteed pension for as long as members and a surviving spouse live and use life expectancy models to help calculate the cost of meeting liabilities that can run decades into the future....
...Matteo Salvini, leader of the hard-right League party — the third member of Meloni’s coalition — said he had lost “a great friend”....
...So they switched out of equities and locked in credit [to match their assets with their liabilities]. This has unleashed significant demand for credit....
...All of them are facing billions of dollars in asbestos-related personal injury litigation....
...A representative for Och denied that his personal financial priorities were influencing his public campaign against the Rithm deal, which he has described as the product of a “breach of fiduciary duty” by...
...England governor Andrew Bailey, European Central Bank governing council member Gabriel Makhlouf, Aviva chief executive Amanda Blanc, Bank of Ireland chief executive Myles O’Grady and Bank of Italy deputy...
...Plaintiffs in the personal injury cases filed in the federal court in Oakland, California, will argue that social media companies know their products are damaging children’s mental health and are suppressing...
...Chapter 11 would provide the company with benefits apart from any liability cap, including certain legal immunities and a far lower risk of group-wide bankruptcy....
...Unlike last autumn, lenders are returning to the market within a matter of days with more expensive products rather than withdrawing and waiting for more certainty, reflecting more stability in the market...
...Willem Buiter, former chief economist of Citigroup and a former member of the Bank of England’s monetary policy committee, believes financial stability has to come first because it is a precondition for...
...The US bankruptcy system has increasingly become the forum where victims of so-called mass torts — often consumers of defective products — are awarded compensation....
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