This month, because of the length of this issue, we will list just a few of the recalls that were issued recently. I had hoped that the number of vehicle recalls would slow down a great deal, but that hasn’t been the case.
CORVETTES RECALLED AFTER ROOFS FLY OFF
General Motors Corp. will recall more than [...]
Citigroup’s Smith Barney brokerage unit has agreed to pay $98 million to settle claims on behalf of thousands of current and former brokers that they are owed overtime pay and other reimbursements. The proposed settlement is the latest and largest by securities firms that claim brokers are exempt from state and federal overtime laws [...]
African-American and Hispanic home buyers pay higher interest rates than whites with similar credit ratings, according to a new study from the Center for Responsible Lending. The lenders in the fast-growing market for subprime mortgages claim they charge more because African-Americans and Hispanics have shakier credit histories, which makes lending to them riskier. [...]
An employee currently employed by State Farm Insurance Co. has verified that the insurance company has been shredding records relating to claims arising out of Hurricane Katrina. It appears that State Farm has been shredding records weekly at the Biloxi Catastrophe Office and on various schedules at other south Mississippi offices since Hurricane Katrina [...]
Merck & Co. has been playing fast and loose with the truth for years relating to its testing and marketing of Vioxx. Finally, in an admission that undermines its core defense in Vioxx-related lawsuits, Merck has finally decided to tell the truth. Merck now says it erred when it reported in early 2005 [...]
