Category: Compensation for Damages (Law)

TD Bank to Pay $1.2 Billion to Settle Stanford Financial Ponzi Case

The Canadian lender settled claims arising from a scandal involving Stanford Financial, which collapsed in 2009 and cost ordinary investors some $7 billion.
Fox Stars Privately Expressed Disbelief About Election Fraud Claims. ‘Crazy Stuff.’

The comments, by Tucker Carlson, Sean Hannity and others, were released as part of a defamation suit against Fox News by Dominion Voter Systems.
FTX Negotiates for Return of $400 Million From Obscure Hedge Fund

The founders of the trading firm Modulo Capital are in talks with FTX about returning the investment that Sam Bankman-Fried made in the fund.
FTX Inquiry Expands as Prosecutors Reach Out to Former Executives

Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.
Former High-Profile Lawyer Is Charged With Embezzling More Than $18 Million

Tom Girardi, who was part of the legal team representing the environmental activist Erin Brockovich, was indicted in two states on charges that he stole from clients, prosecutors said.
Elon Musk’s Appetite for Destruction

A wave of lawsuits argue that Tesla’s self-driving software is dangerously overhyped. What can its blind spots teach us about the company’s erratic C.E.O.?
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private

Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Southwest’s Meltdown Could Cost It Up to $800 Million

The airline has not said how much it might have to spend to reimburse customers and upgrade its technology systems.
You Didn’t Make It to St. Louis, but Your Bags Did. Here’s What to Do.

Disruptions from winter storms have not only caused flight delays and cancellations, but have also separated many passengers from their luggage. Here are some ways to make reuniting easier.
Tesla’s Direct Sales Model Helps It Thwart Customer Lawsuits

Sales contracts prevent buyers of the company’s electric cars from pursuing class-action suits if something goes wrong.
California Panel Sizes Up Reparations for Black Citizens

The state is undertaking the nation’s most ambitious effort so far to compensate for the economic legacy of slavery and racism.
Sam Bankman-Fried Interview: Read the Transcript

In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.