Frederic Scheer employed 70 people making plastic resins from plant starches in suburban Los Angeles until he calculated in 2010 that he could save $600,000 a year by moving Cereplast Inc. to the middle of Indiana.
Automakers love concept cars and, as per usual, you’ll find an oddity or two at this week’s New York International Auto Show. Of those concept vehicles, few are unlikely to ever get off, or rather on, the ground.
MF Global Holdings Ltd.’s independent directors won dismissal of some claims, including fraud and violations of New York business law, in a lawsuit brought by a customer of the defunct brokerage company.
International Business Machines Corp. was sued by Iusacell SA, Mexico’s third-biggest mobile- phone provider, for $2.5 billion in lost profits tied to a 2010 deal that failed. IBM claims the lawsuit is intended to avoid arbitration over the contract.
The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits alleging it concealed the long-term effects of concussions and failed to warn players of the risks.
General Motors Co. asked a federal court in California to delay a lawsuit over faulty cars until a bankruptcy judge rules whether such claims can be brought without violating a sale order in its 2009 Chapter 11 case.
The U.S. can use at trial inflammatory statements made by an Islamic cleric accused of aiding a deadly attack in Yemen and trying to start a terrorist camp in Oregon, because they show his beliefs, a judge ruled.