Nissan car class action
lawsuit settled
Nissan appears to have reached a final settlement with
plaintiffs in a class-action lawsuit over Nissan Leaf electric-car batteries
that now goes back almost three years.
The suit was filed
in California in 2012 on behalf of all Leaf owners in that state and in
Arizona.
Nissan was accused
of not accurately describing the Leaf's real-world range in advertising.
BMW car class action
lawsuit settled
BMW USA, like
many other manufacturers as a matter of fact, uses demo cars for testing
purposes and then sells them to ‘lucky’ customers that get a hefty discount on
their purchase. However, some of them were mislead according to the US
judiciary system and now BMW has to pay.
To be more precise, in September 2012, Sanjay Saini filed a case after buying a 2011 BMW 335d from a dealership in Sterling, Va. Her claim was that the car was sold to her as ‘new’, but it later came to her knowledge that the four years of Ultimate Warranty coverage started before actually taking hold of the car. As a matter of fact, they had begun the moment the 3er started being used as a demo car.
The case turned into a class-action suit that had over 104,000 members, all of them purchasing cars that were claimed to be new but came with shorter warranties. All of the autos were sold between September 28, 2006, and October 6, 2014.
To be more precise, in September 2012, Sanjay Saini filed a case after buying a 2011 BMW 335d from a dealership in Sterling, Va. Her claim was that the car was sold to her as ‘new’, but it later came to her knowledge that the four years of Ultimate Warranty coverage started before actually taking hold of the car. As a matter of fact, they had begun the moment the 3er started being used as a demo car.
The case turned into a class-action suit that had over 104,000 members, all of them purchasing cars that were claimed to be new but came with shorter warranties. All of the autos were sold between September 28, 2006, and October 6, 2014.
LME Hong Kong
Stock Exchange aluminium class action settlement
Hong Kong
Exchanges & Clearing Ltd (HKEx) <0388.HK) has settled two class-action
lawsuits against itself and the London Metal Exchange (LME) over allegations of
anti-competitive and monopolistic behaviour.
No money was paid by either side in arriving at the
settlement, the HKEx-owned LME said in a statement.
Under the settlement announced by HKEx on Sunday, the plaintiffs agreed
to drop the LME from appeals against a U.S. court’s decision last August
dismissing them from their cases, the exchange said.
This leaves the plaintiffs free to ask the LME for publicly available
data, which they were prevented from doing while the LME was a defendant in the
lawsuits. LME data includes inventory levels in the warehouses it monitors.
"These are the only principal terms of the settlement," the
London-based LME said.
The lawsuits, brought last year by companies in
the United States, accused banks and traders of hoarding metal in LME
warehouses, driving up the prices of industrial products from soft-drink cans
to aeroplanes.
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