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Showing posts with label lawsuit. Show all posts
Showing posts with label lawsuit. Show all posts

Wednesday, November 21, 2012

Over 13,000 file second criminal complaint against Tepco, Government for Fukushima disaster

16 Nov 2012 

It's been more than a year, but life in Japan is still revolving around the Fukushima disaster and if and how it could have been averted. 

The government's now-defunct Nuclear Safety Commission and officials of Tokyo Electric Power Co. (TEPCO) were aware of the hazards involved, in case of an earthquake and tsunami. Anger by the way these people in power and position reacted to this knowledge has led to a second mass suit claiming damages. 

More than thirteen thousand people have filed a criminal complaint against Japanese government officials, thirty-three executives of Tokyo Electric Power Co., and experts for their role in the Fukushima nuclear power plant's disaster. 

The complaint outlines professional negligence resulting in deaths and injuries and violation of Japan's environmental laws by emitting substances harmful to human health.  READ MORE

Wednesday, September 28, 2011

Lloyd's insurer sues Saudi Arabia for 'funding 9/11 attacks'

September 19, 2011, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/uk/home-news/lloyds-insurer-sues-saudi-arabia...

A Lloyd's insurance syndicate has begun a landmark legal case against Saudi Arabia, accusing the kingdom of indirectly funding al-Qa'ida and demanding the repayment of £136m it paid out to victims of the 9/11 attacks. Outlined in a 156-page document filed in western Pennsylvania, where United Airlines flight 93 crashed on 9/11, the claim suggests that the nine defendants "knowingly" provided resources, including funding, to al-Qa'ida in the years before the attack and encouraged anti-Western sentiment which increased support for the terror group. The case singles out the activities of a charity, the Saudi Joint Relief Committee for Kosovo and Chechnya (SJRC), which was alleged by UN officials to have been used as a cover by several al-Qa'ida operatives, including two men who acted as directors of the charity. It is alleged that at the time the SJRC was under the control of Prince Naif bin Abdul Aziz al-Saud, half-brother of King Abdullah and the long-standing Saudi Interior minister. The claim states: "Between 1998 and 2000, the Kingdom of Saudi Arabia, through the SJRC, diverted more than $74m to al-Qa'ida members and loyalists affiliated with SJRC bureaus. Throughout this time, the Committee was under the supervision and control of Saudi Interior Minister Prince Naif bin Abdul Aziz."



Note: This article singles out the important connection between Al Qaeda and the wars in Kosovo and Chechnya, where, as in Afghanistan in the 1980s, Osama bin Laden's organization provided Muslim jihadis to promote US imperial interests. This activity continued into the summer of 2001 in Macedonia, just a few months before 9/11. Amazingly, the lawsuit described in the article has been dropped.


What pressures could have been brought to bear on Lloyd's to cause it to drop its suit two weeks after bringing it?
READ MORE

Wednesday, September 7, 2011

8 Things You Should Know About the New Lawsuit Against the Banks That Torpedoed the Economy


The FHFA filed lawsuits last Friday alleging nearly $200 billion in fraud by the nation's biggest banks. Could this be the beginning of accountability for the banksters?
September 6, 2011

It was Friday afternoon, near market closing time, when the Federal Housing Finance Agency filed lawsuits against 17 big banks for their role in the subprime mortgage crisis that created, in turn, the financial crisis we're still struggling with today.

The suits accuse the banks of fraud, of lying to the federal government and to investors about the quality of the securities they were making by cranking out more and more subprime loans. The charge allows the FHFA to ask for punitive damages as well as actual damages. The amount of the suits is not yet known, but they allege nearly $200 billion in fraudulent securities were sold just to Fannie Mae and Freddie Mac, the government-backed (and now, post-bailout, basically government-owned) mortgage lenders.

The news was big, yet it was dropped in the Friday news-dump hole before a holiday weekend, probably to try to mitigate its impact on stock prices. (Markets also take a day off for Labor Day, though one has to doubt they thank workers for the rest.) Otherwise, you'd think they would have broken the news in a big way on a day when people might actually be paying attention.
READ MORE