The Securities and Exchange Commission is increasingly steering cases to hearings in front of the agency’s appointed administrative judges, who found in its favor in every verdict for the 12 months through September, rather than taking them to federal court.
A federal jury decided that a Texas manufacturer should pay $175 million in a case brought by a whistleblower who questioned the safety of thousands of highway guardrail end caps on the nation’s roads.
Toyota Motor recalled another 247,000 vehicles that have an air bag that can rupture and send shrapnel into the passenger compartment, bringing the number of affected vehicles from six auto makers to 2.4 million vehicles.
Walgreen challenged the version of events presented by ex-CFO Wade Miquelon in a defamation lawsuit against it, saying the former executive was responsible for a disappointing financial forecast that preceded his departure.
CVS is offering a prescription-drug plan that charges patients more if they buy their medications at pharmacies that sell tobacco products, a plan that could benefit the company’s own network of drugstores.