Category Archives: litigation

Pennsylvania Sues Carlisle to Stop Swap Meet

Carlisle Events appears to be in a tenuous legal position since it asked for a waiver on June 9, 2020, according to the suit. Then never filed a response to inquiries about how guidelines would be followed. Continue reading

Posted in economy, environment, litigation, news analysis, people, safety | Tagged , , , , | Leave a comment

Draining the Swamp – California, 22 States Sue to Stop Trump Emissions Rollback Citing Economic, Health and Climate Goals

The California Air Resources Board helped develop the original 2012 rules and is represented in this case by the California Attorney General. Trump is among global warming deniers, a position – as usual – that has no basis in fact but is funded by lobbying groups for those who benefit from exploiting fossil fuels. Continue reading

Posted in environment, litigation, news analysis | Tagged , , , , , , | Leave a comment

Airbag Shrapnel at Nissan Prompts Recall of 216,678

The rupture may result in metal fragments striking the driver or other occupants resulting in serious injury or death. The so-called PSDI-5D inflator – no surprise here – was made by now bankrupt Takata at Monclova, Mexico. How long Nissan new about the deadly defect is unknown. In the required NHTSA filing, it said the Chronology will be supplied later. Continue reading

Posted in litigation, manufacturing, quality, recalls | Tagged , , , , , , | Leave a comment

Volkswagen Condemns USWNT Exploitation of Women

USSF President Carlos Cordeiro’s weak and mild expression of regret on Wednesday night came after The Coca-Cola Co. lambasted the federation for supporting lesser pay for its female stars. Coca-Cola called the federation’s assertion in documents filed earlier this week “unacceptable and offensive.” Continue reading

Posted in economy, labor issues, litigation, people | Tagged , , , , , | Leave a comment

Wells Fargo to Pay $500 Million for Misleading Investors

Wells Fargo has agreed to pay $500 million to settle the charges, which will be returned to investors. The $500 million payment is part of a combined $3 billion settlement with the SEC and the Department of Justice. Continue reading

Posted in financial results, fools 'n frauds, litigation | Tagged , , , , , | Leave a comment

Punch It Performance and Tuning to Stop Selling Illegal Devices to Defeat Emissions Controls

“EPA will vigorously pursue and prosecute companies who attempt to circumvent emission controls that are required to reduce air pollution,” said EPA. Continue reading

Posted in aftermarket, environment, fuel economy or emissions, litigation | Tagged , , , , , , , | Leave a comment

Japanese Issue Arrest Warrant for Wife of Carlos Ghosn

Mr. Ghosn has scheduled a press conference today in Lebanon to give some comments on his arrest and pending trial. Carole Ghosn, not surprisingly, has been a vocal critic of the charges and Japanese justice system that is perverse by western standards. Continue reading

Posted in fools 'n frauds, litigation | Tagged , , , , , | Leave a comment

Nissan Blasts Ghosn as Unfit to Serve as An Executive

“The internal investigation found incontrovertible evidence of various acts of misconduct by Ghosn, including misstatement of his compensation and misappropriation of the company’s assets for his personal benefit,” Nissan said. Continue reading

Posted in fools 'n frauds, litigation, news analysis | Tagged , , , , | Leave a comment

Reuters Reports Carlos Ghosn Jumps Bail Before His Trial and Flees Japan for Lebanon Where He Can’t Be Extradited

“Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry, jeopardized the alliance of Nissan Motor Co Ltd and its top shareholder Renault SA and cast a harsh light on the fairness of Japan’s judicial system,” Reuters reported.   Continue reading

Posted in fools 'n frauds, litigation, people | Tagged , , , | Leave a comment

Universal City Nissan Sues Saudi Billionaire, Khaled al-Juffali and Nissan Motor, Among Others, over Payoff by Carlos Ghosn

auto industry commentary, autoinformed.com, Ghosn Matter, Kenneth Zino, West Covina Nissan, Glendale Nissan/Infiniti, Universal City Nissan, Morris Sage, Khaled al-Juffali, Byron Z. Moldo, Continue reading

Posted in fools 'n frauds, litigation, people | Leave a comment

Nissan Scandal – a Gift That Keeps on Giving – Executive Officer and Vice COO Jun Seki Unexpectedly Resigns

The Nissan Corporate governance crisis is ongoing and comes as Nissan has started its new management under Representative Executive Officer, president and CEO Makoto Uchida as of December 1, 2019. Seki was to be a key executive in administering the turn-around that seeks to halt slumping sales, confusing brand images and expensive incentive programs. Continue reading

Posted in fools 'n frauds, litigation, news analysis, people | Tagged , , , , , | 1 Comment

Republican Rep. Christopher Collins Guilty of Insider Trading

Collins was the first U.S. Representative to endorse Donald Trump for President of the United States, perhaps recognizing kindred spirit in his approach to self-serving actions, and he served on Trump’s presidential transition team. He resigned his seat in 2019 and afterwards pled guilty to insider trading and lying to the FBI. Continue reading

Posted in fools 'n frauds, litigation, people | Tagged , , , , , | Leave a comment

Fasten Your Seat Belt – General Motors Files RICO Lawsuit Against Fiat Chrysler Automobiles

In GM’s view FCA was the sponsor of “pervasive wrongdoing, paying millions of dollars in bribes to obtain benefits, concessions, and advantages in the negotiation, implementation, and administration of labor agreements over time.” Continue reading

Posted in economy, labor issues, litigation, news analysis | Tagged , , , , | Leave a comment

Deadly Takata Airbags – Toyota Recalls +900K Vehicles Again

Thus, Toyota is recalling a recall on 97 models. The inflators may explode due to propellant degradation occurring after long-term exposure to high absolute humidity, temperature and temperature cycling. Continue reading

Posted in litigation, recalls | Tagged , , , , , | Leave a comment

China – SEC Charges 18 Traders for Stock Manipulation

According to the SEC’s complaint, the traders used multiple accounts to place several small sell orders to drive down a stock’s price before using a different set of accounts to buy larger amounts of the stock at the artificially low prices. After amassing their position, the traders placed several small buy orders to push up prices so they could then sell their stock at artificially high prices. Continue reading

Posted in fools 'n frauds, litigation | Tagged , , , , , , | Leave a comment