High court rules for Michigan energy firm in class-action suit
WASHINGTON (AP) — The Supreme Court won't make it tougher for defendants in class-action lawsuits to transfer cases from state courts to more business-friendly federal court.
A federal judge refused to transfer the case without evidence of damages. A federal appeals court declined to consider an appeal, but the Supreme Court said the law does not require such evidence.
Rhodes rules Detroit must reveal bankruptcy fees later this month
Rhodes is tying up loose ends in Detroit’s bankruptcy case. He approved Detroit’s historic reorganization in November, and state and city officials declared the bankruptcy over last Wednesday.
Detroit’s plan restructures its $12 billion debt load. It essentially removes and restructures $7 billion of that debt, while calling for $1.7 billion in savings and revenue over a decade to improve city services.
Mediators led by Detroit’s chief federal judge, Gerald Rosen, say their work appears to be over. They played a crucial role in striking deals between Detroit and its many creditors during the bankruptcy.
Death toll from GM ignition switches rises
Feinberg says he has received 251 death claims and 2,075 injury claims since August.
The fund so far has deemed a total of 100 claims eligible for compensation.
GM knew about faulty ignition switches in Chevrolet Cobalts and other small cars for more than a decade but didn’t recall them until February.
Feinberg will accept claims until Jan. 31.
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