Tag: Billion

California Pension Fund Agrees to $2.7 Billion Lawsuit Deal

July 14, 2021
BillionCaliforniaCalPERSfundlawsuitLocal NewsNorthern CaliforniapensionRegional-Local NewsSouthern CaliforniaUSUS News
0 Comment

LOS ANGELES—The nation’s largest public pension fund has agreed to pay up to $2.7 billion to refund policyholders hit with huge hikes in their premiums, it was announced Tuesday. The California Public Employees’ Retirement System, or CalPERS, has agreed to settle a class-action lawsuit over the fee hikes that were imposed on nearly 80,000 people…

Read More

EU Fines Volkswagen, BMW $1 Billion for Emissions Cartel

July 8, 2021
BillionBMWBusinesscartelCompaniesemissionsEuropeVolkswagenWorld
0 Comment

BRUSSELS—The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they had developed. The case, separate to the so-called ‘Dieselgate’ scandal over software designed to cheat on vehicle emissions tests, sets a precedent by extending the…

Read More