Monthly Archives: <span>April 2022</span>

Greensill Capital Still Has $9.3B to Pay on Its Notes After Its Collapse a Year Ago

Greensill Capital collapsed more than a year ago, but $9.3 billion of assets sold to investors as notes are yet to pay out. The lender, which collapsed in March 2021, sold short-term trade finance products to investors including funds run …

Small Plane Crash Kills 2 in Central Texas; FAA, NTSB to Investigate

Two people were killed April 5 when the small plane they were flying in crashed near a Central Texas airport, officials said. Those aboard the single-engine Cessna TU206H were a man and a woman, according to the Texas Department of …

Illinois HVAC Company to Pay $29,000 Penalty Over Clean Air Act Violations

The U.S. Environmental Protection Agency announced a settlement with JTR Heating and Air Conditioning, Inc. in Monee, Illinois, to resolve alleged violations of Clean Air Act stratospheric ozone regulations. EPA’s consent agreement and final order with JTR resolves alleged violations …

Qatar Airways Says It Wasn’t Obliged to Accept Deliveries of Flawed Jets From Airbus

Qatar Airways said it wasn’t obliged to accept deliveries of Airbus SE A350 jetliners until an issue with surface paint is fixed, accusing the European planemaker of lowering its standards to minimize the problem. In a London court hearing on …

Trudeau Hits Canadian Insurers and Banks With Billions in Extra Taxes

Finance Minister Chrystia Freeland is imposing a one-time windfall levy on Canada’s major banks and permanently increasing their income tax rate, fulfilling an election promise that has raised the ire of the industry’s top executives. The measures will force banks …

Australia Should Force Firms to Report Human Rights Abuses in Anti-Slavery Law: Analyst

Australia should force companies to report potential human rights abuses as part of a review of its modern slavery disclosure rules, according to an analyst at a A$16 billion ($12 billion) fund manager who helped draft the current law. That …

Consumer Advocate, Florida Trial Lawyers Concerned about Arbitration in Claims Disputes

Plaintiffs’ attorneys and the state’s insurance consumer advocate are pushing back on Florida insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans could lead to legal challenges and potentially more claims litigation. “That’s …

Maine Jury Sides With Newspaper Over Police Officer Defamation Case

A Maine jury has sided with a media company in a lawsuit over newspaper stories about sex abuse allegations involving a former police captain. The case stemmed from articles that were published in the Biddeford-Saco-Old Orchard Beach Courier seven years …

Baltimore Gains State Court Edge It Sought in Climate Change Suit Against Big Oil

Big oil firms totally failed to make a federal case in their defense of a lawsuit seeking to hold them accountable for damages caused by climate change. The city of Baltimore won its fight to have its climate change lawsuit …

Judge Dismisses Charges for Missouri Duck Boat Tragedy

A judge on Tuesday dismissed criminal charges against three men prosecuted after a tourist boat sank and killed 17 people during a 2018 Missouri storm. The boat was swamped by waves caused by strong winds shortly after it entered Table …