Does downward class mobility increase the likelihood of voting for far-right parties? If so, why, and through which mechanisms? How important is the group of downwardly mobile individuals for driving far-right party success? Alexi Gugushvili, Daphne Halikiopoulou and Tim Vlandas argue that downward class mobility significantly affects far-right voting but only under specific conditions. Class … Read more
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