closing a chapter

Lumber Liquidators To Pay $36M To Settle Formaldehyde-Filled Flooring Suit

Lumber Liquidators To Pay $36M To Settle Formaldehyde-Filled Flooring Suit

More than two years after an investigative report alleged that laminate flooring sold at Lumber Liquidators contained high — and potentially dangerous — levels of formaldehyde, the flooring retailer has agreed to pay $36 million to close the books on class-action lawsuits brought by customers. [More]

Samuel M. Livingston

Toyota, Subaru, Mazda, BMW To Pay $553M To Owners Of Vehicles With Potentially Lethal Takata Airbags

Owners of Toyota, Subaru, Mazda, and BMW vehicles affected by the massive shrapnel-shooting Takata airbag defect could soon receive compensation for past repairs and other economic losses, as the automakers agreed today to pay $553 million to compensate owners and create programs intended to repair defective airbags more quickly. [More]

Feds Win Default Judgment Against Corinthian Colleges Over Predatory Lending Scheme

Feds Win Default Judgment Against Corinthian Colleges Over Predatory Lending Scheme

In September 2014, just seven months before Everest University, WyoTech and Heald College closed their doors, federal regulators sued the for-profit colleges’ parent company Corinthian Colleges Inc claiming it duped thousands of students into taking out costly, predatory, and often financially devastating, private student loans to finance their post-secondary education. This week, the Consumer Financial Protection Bureau won a default judgment against the for-profit educator for engaging in a predatory lending scheme.  [More]