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“The big firms that you hear, BlackRock, you know, Vanguard, all them, they’re like, they’re setting themselves up for the biggest class-action lawsuit in the history of class-action ...
In a lawsuit that is not direct-action, a plaintiff brings the claim against the insured, who actually wronged the plaintiff. Once judgment has been rendered against the defendant , there are a number of ways that the insurance company (assuming the defendant is insured) might later be made to pay the victorious plaintiff.
Toxic mold is a common cause of bad faith lawsuits, with about half of the 10,000 toxic mold cases in 2001 being filed against insurance companies on bad faith grounds. Before 2000 the claims were uncommon, with relatively low payouts. One notable lawsuit occurred when a Texas jury awarded $32 million (later reduced to $4 million).
In most jurisdictions, a shareholder must satisfy various requirements to prove that he has a valid standing before being allowed to proceed. The law may require the shareholder to meet qualifications such as the minimum value of the shares and the duration of the holding by the shareholder; to first make a demand on the corporate board to take action; or to post bond, or other fees in the ...
BlackRock estimated it runs $24 billion for Texas public pension plans, and cited $8.3 billion worth of backing for Texas projects like a natural gas utility and a carbon capture pipeline system.
Larry Fink said BlackRock remains a big investor in oil and gas companies days after a giant Texas retirement system pulled $8.5 billion from the money manager for allegedly engaging in a boycott ...
Melinda Ballard (1958–2013) [1] was an American businesswoman and activist for insurance policyholders. In 1999, she sued her insurer over mold damage in her 22-room family home in Dripping Springs, Texas. Her three-year-old son, Reese Allison, developed an unexplained respiratory condition in March 1999.
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