Emissions Scandal Fallout

Volkswagen must face a proposed class action suit brought by a bonds-purchaser who sold the bonds for a loss following the auto manufacturer’s emissions scandal, a federal court in California ruled. The claims are based on Volkswagen’s failure to disclose that it had secretly installed devices in cars to mask “unlawfully high emissions.”

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NFL Concussions

The SEC claims in federal court that Cambridge Capital Group Advisors fka Cambridge Capital Advisors, Phillip Timothy Howard and Don Warner Reinhard raised most of $4.1 million from brain-damaged former NFL players, through knowing or reckless misrepresentations, and misappropriated $973,000 of it “to pay themselves fees and to cover costs associated with Howard’s personal residential mortgages.”

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