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Posts by Y@DminG

Deutsche Bank, Mudrick Sue Ambac Over $65 Million Transfer

Deutsche Bank Securities Inc., Mudrick Capital Management and other noteholders of Ambac Assurance Corp. sued the bond insurer for allegedly making an unauthorized transfer of $65 million to its parent company. The creditors, which also include CQS and Shenkman Capital … Source: Claims Journal

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Tesla Showroom Strikes, Vandalism Sparked by Fury Against Musk

Molotov cocktails at Tesla showrooms. Disturbing messages on Cybertrucks. Vandalism at charging stations. A backlash against Elon Musk is taking the form of physical attacks against Tesla Inc. cars and dealerships as a growing rank of protesters is emboldened. Their … Source: Claims Journal

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1-in-7 U.S Homeowners Uninsured, Report Shows

Nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured, a new study shows. A study from LendingTree that used Federal Emergency Management Agency data and U.S. Census data to calculate uninsured … Source: Claims Journal

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Barclays Beats Two Lawsuits in US Over $17.7B Issuance Blunder

Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ … Source: Claims Journal

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Tesla Cited by U.S. Regulators Over Worker’s Death

Federal regulators have cited Tesla for violating workplace safety rules in connection with the electrocution of a worker last summer at its Austin, Texas, auto-manufacturing plant. The U.S. Department of Labor confirmed the findings in a statement to Reuters. “The … Source: Claims Journal

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