Despite its price having recovered back almost to par across catastrophe bond pricing sheets in recent weeks, US insurer Allstate’s $150 million Class B tranche of notes from the Sanders Re II Ltd. (Series 2021-2) issuance that provide both occurrence and aggregate reinsurance has seen its maturity date extended by three years.The scheduled maturity date … Read more
Tenants who challenged Westminster Management’s illegal fees related to the late payment of rent have won a court ruling that they and thousands of other Westminster tenants could recover the illegal fees in a class action. On March 11, the Circuit Court for Baltimore City certified as a class action a lawsuit against Westminster Management, … Read more
Last Friday, Brown Goldstein & Levy—representing probationary and trial period employees formerly employed by the Small Business Administration (SBA)—filed a class appeal before the Merit Systems Protection Board (MSPB) challenging the Trump Administration’s illegal termination of a large swath of the agency’s workforce. Terminated employees performed functions that are critical to fulfilling the agency’s core … Read more
A UK court blocked a class action lawsuit over allegations of the under reporting of sewage leaks by six water companies including the debt-laden Thames Water Ltd. The UK’s Competition Appeal Tribunal dismissed the lawsuit that alleged the six water companies significantly under-reported the pollution they caused. The companies would not have been allowed to … Read more
The German radical right has mobilised around a working class identity that pits hard-working “makers” against parasitic “takers”. Linus Westheuser and Thomas Lux argue that for the left to win back support from the working class, it will have to revive its own tradition of class politics. This month’s federal election in Germany will unfold … Read more