Education Management Ends Recruitment Suits for $95 Million
Education Management Corp., an operator of for-profit colleges partly owned by Goldman Sachs Group Inc., agreed to settle whistle-blower lawsuits in which it’s accused of illegal recruiting practices for $95.5 million, the largest such accord in American history, U.S. Attorney General Loretta Lynch said.
The Pittsburgh-based company operated a “high pressure recruitment mill,” paying recruiters...
VW Tags 430,000 New Cars With Implausible Carbon Dioxide Ratings
Volkswagen AG said 430,000 of its new cars had “implausible” carbon dioxide ratings as it continues talks with regulators in an attempt to address the emissions cheating crisis.
The figure means more than half of the roughly 800,000 affected vehicles were from the current 2016 model year. Volkswagen is still investigating previous model years and...
FDA orders recall of 2,800 scope-washing machines, citing infection risk
Amid an ongoing investigation into superbug outbreaks nationwide, U.S. regulators have ordered a Pennsylvania company to recall its scope-cleaning machines used at UCLA and more than 1,000 other hospitals and clinics.
The Food and Drug Administration said Friday that it ordered the recall
because Custom Ultrasonics had continued to violate federal law and those lapses could...
For-Profit College System Expected to Pay Millions
The nation’s second-largest for-profit college operator, Education Management Corporation, is expected to agree to pay nearly $90 million to settle a case accusing it of compensating employees based on how many students they enrolled, encouraging hyperaggressive boiler room tactics to increase revenue.
The civil settlement, the largest ever involving false claims made to the Department...
Kia Recalling 260,000 Late-Model Soul Crossovers
Kia has announced the latest in a string of major recalls plaguing the auto industry this year, this one impacting nearly 260,000 late-model Soul crossovers.
The maker says that a faulty steering gear assembly could cause the vehicle’s steering system to fail, the steering wheel itself even coming lose.
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Efforts to Rein In Arbitration Come Under Well-Financed Attack
A television ad during the Republican presidential debate last Tuesday depicted pale bureaucrats rubber-stamping the word “DENIED” on the files of frustrated Americans, beneath a red banner of Senator Elizabeth Warren evoking a Communist apparatchik.
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Victims of Debt Collection Scheme in New York Win $59 Million in Settlement
Tens of thousands of New Yorkers who had their wages garnished or bank accounts frozen in a surreptitious debt-collection scheme will receive $59 million in a class-action settlement that also bars a major network of collectors from continuing the practice.
The settlement, which was filed late on Thursday in Federal District Court in Manhattan, deals...
A medical mistake happens. Who pays the bill?
When Charles Thompson of Greenville, S.C., checked into the hospital one July morning in 2011, he expected a standard colonoscopy.
He never anticipated how wrong things would go.
Partway through, a doctor emerged from the operating room to tell Thompson’s wife, Ann, that there had been complications: His colon may have been punctured. He needed emergency...
U.S. senators seek to ensure Takata recall is completed
Two influential U.S. senators, worried about Takata Corp's ability to complete its recall of potentially deadly air bag inflators, sought regulatory guidance on how to hold the Japanese company accountable if its U.S. subsidiary goes bankrupt.
"We have concerns about Takata's financial solvency, which is now at risk ... and that as a result, consumers...
Mercedes-Benz Recalls 126,000 Vehicles Over Problems With Airbags
Mercedes-Benz has joined the ranks of automakers troubled by airbag malfunctions, recalling about 126,000 vehicles in the United States, according to a report from the automaker posted this week on the website of the National Highway Traffic Safety Administration.
The automaker said a control unit in the airbag could malfunction in one of two ways:...
