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FCA seeking new trial in Jeep fire case, calls $150M judgement 'grossly excessive'

2015-05-10 05:27:22| Automakers - Topix.net

Fiat Chrysler Automobiles is fighting back after a Decatur County, GA jury ordered the company to pay $150 million to the family of a four-year-old boy that was killed after a 1999 Jeep Grand Cherokee crashed and caught fire. The company is requesting the judge reduce the award, and should Walden's family not agree to the lower sum, that a new trial be held.

Tags: case fire trial calls

 

Leasing's death grossly exaggerated

2015-03-14 00:37:07| Auto Dealers - Topix.net

Leasing is the second most popular way of financing new vehicle transactions and about one-fifth of purchases are done this way. Just five years ago, it looked like the obituary for the leased vehicle was being written.

Tags: death exaggerated grossly

 
 

Lesniak vows to challenge 'grossly inadequate' settlement...

2015-03-02 01:34:14| Chemicals - Topix.net

Reacting to a reported settlement by the Christie Administration with Exxon Mobil that would allow the oil company to pay $250 million for $8.9 billion in environmental damage to sites in Bayonne and Linden, state Sen. Raymond Lesniak vowed today to challenge the settlement "every step of the way until the state gets just compensation for the damage done by the company's Bayway and Bayonne refineries to more than 1,500 acres of wetlands, meadows and waterways destroyed or damaged" "I grew up under that giant Exxon sign in the Bayway section of Elizabeth and feel personally offended at this weak effort by the Christie Administration in securing fair compensation for the extensive contamination admittedly done by Exxon Mobile to our environment," Lesniak said in a statement.

Tags: challenge settlement inadequate vows

 

Tiffany Posts An Optimistic Quarter, Though Numbers Grossly Miss Estimates

2014-12-01 17:52:11| Jewelry - Topix.net

The second-largest luxury jewelry retailer around the globe, Tiffany & Co. , reported its third-quarter earnings on November 25, declaring a set of decent numbers that drove the stock higher on the NYSE creating a new 52-week high of $110.60 in the early trading session after the results were out.

Tags: posts miss numbers quarter

 

BP Found Grossly Negligent in 2010 Spill; Fines May Rise

2014-09-05 03:22:00| Energy - Topix.net

BP Plc acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled, handing down a long-awaited decision that may force the energy company to pay billions of dollars more for the 2010 Gulf of Mexico disaster. U.S. District Judge Carl Barbier held a trial without a jury over who was at fault for the environmental catastrophe, which killed 11 people and spewed oil for almost three months into waters that touch the shores of five states.

Tags: may found rise fines

 

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