Fidelity Sent Me Someone Else's $300,000 Retirement Savings

Fidelity Sent Me Someone Else's $300,000 Retirement Savings

Douglas received an unexpected delivery from UPS last week: a check from Fidelity Investments made out to Vanguard Fiduciary Trust Company for over $300,000, along with a bunch of 401(k) rollover paperwork that included the real account holder’s address, date of birth, SSN, and phone number. [More]

Toyota Accused Of Hiding Evidence In Hundreds Of Consumer Lawsuits

Toyota Accused Of Hiding Evidence In Hundreds Of Consumer Lawsuits

A former attorney for Toyota Motor Sales has filed a federal racketeering suit against the company, accusing them of failing to turn over or destroying documents relevant to accident victims’ lawsuits against the company.

Should Automakers Be Required To Install Stability Control Systems?

Should Automakers Be Required To Install Stability Control Systems?

A California lawsuit is accusing GM of negligence for not including a stability control system as a standard feature on the Chevrolet Suburban. The lawsuit stems from a 2002 rollover involving a Suburban that killed a woman and her stepdaughter. GM paid the stepdaughter’s family almost half a million dollars to settle out of court.

“The safety benefits of stability control have been known to auto manufacturers since the mid 1990s,” Avila said. “But they delayed implementing because they felt that safety was not marketable, so instead of installing on the SUVs that needed it most because of their rollover problem, they put it on luxury SUVs and cars as a performance item.”

The federal government will require the inclusion of stability control systems by 2012, but GM will offer the systems on all models by 2010. Should automakers be required to install stability control systems? Tell us in the comments. — CAREY GREENBERG-BERGER