The Securities and Exchange Commission (SEC) has ordered Transamerica Asset Management (TAM) and three affiliated entities to pay $97.6 million to investors over errors in asset allocation models used in a number of funds offered by the firm from 2011 to 2015.
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Fiat Chrysler Automobiles N.V.FCAU is recalling approximately 209,000 units of sports utility vehicle (SUV) and minivan, globally, per AP. The recall is to fix a braking problem in the vehicles, which can make the vehicles take longer distances for stopping.
There were also whistle-blower complaints filed with the S.E.C. about undisclosed thefts and drug dealing in a factory.
Ford announced a recall on Wednesday of the 120-volt charge cords supplied with nearly all of the plug-in hybrid and electric cars it built through 2015.
The rulings are part of a civil fraud lawsuit that started in 2010, when Landis -Armstrong's former teammate - filed a complaint against Armstrong and Bruyneel as a government whistleblower.
For months, the U.S. Securities and Exchange Commission had been quietly and methodically scrutinizing Tesla Inc.
The Securities and Exchange Commission today charged the founder of San Francisco-based venture capital funds and his investment advisory firm with overcharging investors to fund personal projects, including sending millions of dollars to his own virtual reality production company.
The Trump administration reopened the feasibility review for 2022-25 fuel economy standards in 2017 because it said the process conducted under President Barack Obama was rushed and politically motivated.
The Securities and Exchange Commission today charged five individuals and four companies for unlawfully selling securities of Woodbridge Group of Companies LLC to retail investors.
Swiss authorities have halted registrations of some new Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles which had diesel engines that disguised emissions levels, the Astra roads agency said on Wednesday.
Jet engine manufacturer Pratt & Whitney has been accused by a former employee of using an ineffective assembly process for engines that go in U.S. fighter jets and manipulating test processes to pass inspection, according to a whistle-blower suit recently made public.
Suspended Audi CEO Rupert Stadler, 55, was arrested in connection to Volkswagen Auto Group's "Dieselgate" emissions scandal back in mid-June. Despite prosecutors saying he could go free in a matter of days if cooperative, Stadler spent the last several weeks in detention. On Monday, his bid for freedom was denied by the Munich appeals court.
The Anti-Kickback Statute, in relevant part, prohibits offering or paying anything of value to encourage the referral, or to encourage recommending or arranging for the referral, of items or services covered by Medicare, Medicaid, and other federally funded programs.
The fallout from Volkswagen's diesel emissions scandal has left the automaker in an awkward spot: It must now fund an ad campaign pushing electric vehicle awareness that highlights competitors' products.
Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S.
The 2000 Harvard University graduate accused Goldman and Jim Esposito, promoted this week to global co-head of its trading business, of violating his rights as a whistleblower under the federal Dodd-Frank law, and also accused Goldman of defamation.
The U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla Inc.'s public statements in the wake of Elon Musk's provocative tweet Tuesday about taking the electric-car company private, according to two people familiar with the matter.
Former Audi Chief Executive Rupert Stadler's request to be freed from custody has been rejected, the Munich court of appeal said on Monday.
Three years ago Volkswagen was caught cheating with emission tests, but they were not the only carmaker manipulating the data. Brussels is introducing a more robust regime but the manufacturers are already finding ways of undermining it
A federal appeals court on Thursday ruled that a whistleblower suing Allergan Inc could not avoid a ban on pursuing such lawsuits when a similar one has already been filed by amending his complaint following the dismissal of the earlier case.
