GM settles hundreds of ignition switch lawsuits
NEW YORK General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.
Former FBI director Louis Freeh was appointed trustee in the MF Global MFGLQ.PK bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex abuse scandal at Penn State University.
Freeh, also a former judge, was appointed by the United States trustee for the region, according to a court document. The move is subject to court approval.
MF Global filed for bankruptcy protection on October 31, after $6.3 billion in risky bets on European sovereign debt spooked investors and an attempt to sell the firm failed.
U.S. regulators and Justice Department officials have been investigating the firm's sudden collapse and trying to locate around $1.2 billion in customer funds.
Former MF Global Chief Executive Jon Corzine is expected to testify at a congressional hearing next month, a committee aide said Friday.
Freeh was FBI director from 1993 to 2001. Earlier this week, his risk management firm was hired to run a review into Penn State's handling of sex abuse claims against a former football coach. His firm has also in recent months conducted a probe into cheating on the SAT academic exams.
(Reporting by Ben Berkowitz)
Anthem Inc , the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach.