The General Motors defect lawsuit, which was initiated four years ago, is reaching an inevitable settlement with the assistance of the General Unsecured Creditors Trust. The independent trust is handling the company’s bankruptcy, filed in 2009, and is now facilitating the settlement with GM customers. The automotive company exhibited deceptive tactics to hide flaws in the ignition switch and side airbags. There was a direct correlation between the defects and the many claims of car crashes and deaths. Currently, the parties involved in the lawsuit are calculating a resolution. Continue reading
Monthly Archives: May 2018
Marvel-ous: Comic Legend Sues for $1 Billion
The 95-year-old creator of popular super hero franchises such as Spider-Man, X-Men, and The Avengers has filed a billion dollar lawsuit against a Chinese company. Stan Lee, the former editor-in-chief of Marvel Comics, is claiming that Pow Entertainment duped him into signing over his likeness, naming rights, and creative properties. The lawsuit was filed in a California court and named his former business partners, Gill Champion and Shane Duffy, as those responsible. When reached for comment, the defendant’s responded saying that the accusations were “preposterous”. Pow Entertainment was sold to a Hong Kong-based firm in 2017. This is the latest in a series of unfortunate events for Lee, who had his identity stolen late last year when a condo in Los Angeles was sold for almost $900k, with Lee claiming that almost $5m has gone missing from his bank account over the years. Read More
Supreme Court Takes Gamble on Sports
A cheer could be heard from residents across the tri-state area (New Jersey, New York, and Connecticut) when the decision came through. After 6 years of failure, the Supreme Court decided against a law preventing U.S. States from allowing its citizens to gamble on sports. New Jersey is at the top of the list and looks to use their newly found legislative freedom to pump life back into the struggling Atlantic City. While sports gambling is already legal in Nevada, this decision will allow each state to decide whether or not they accept bets on all major league sports, including the NFL, MLB, NBA, and NHL. The Professional and Amateur Sports Protection Act, passed in 1992, allowed Nevada (and specifically Las Vegas) to become the mecca of sports gambling, and since then other states across the country have been left in the financial dust. Read More
False Advertising? Cry Me a River
As temperatures rise during spring and summer months, who doesn’t enjoy an ice cold beverage? Apparently, there are a group of people who would rather file a lawsuit claiming false advertising than sit back, relax, and pop open a tasty drink. The product is Bai, owned by the Dr. Pepper Snapple Group, and the lawsuit claims that the fruity beverage actually contains a bid of “malic acid”, most likely used to give the drink a little bit more flavor. It has recently come out that even the drink’s sponsor has been named in the lawsuit; yes, American musician Justin Timberlake is the “Chief Flavor Officer” at Bai Brands. The lawsuit was filed by a single person in the state of California, but could become a class action lawsuit if more people enter the fray. Read More