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Evenflo must pay $10.4 million for child’s death, jury says Evenflo Co., maker of car seats and child-safety products, must pay $10.4 million to the family of a baby who was killed in a 1995 Chevy Suburban rollover accident in ...

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KKR, homeowners face funding drain as CDO

The Wall Street money-machine known as collateralized debt obligations is grinding to a halt, imperiling $8.6 billion in annual underwriting fees and reducing credit for everyone from buyout king Henry Kravis to homeowners. Sales of the securities — used to ...

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Wine purchased for $9,259 in Christie’s sale

A bottle of rare 1875 Romanee-Conti Burgundy sold for $9,259, (4,500 pounds), including a 12.5 percent buyer’s premium, at a Christie’s International end-of-season London wine sale, more than triple the auction house’s estimate. A similar 1899 bottle fetched 3,375 pounds ...

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U.S. lawyers, Europe move to shift class suits

French President Nicolas Sarkozy, Deutsche Telekom shareholders and U.S. lawyers are laying the groundwork to make Europe the next battleground for U.S.-style class action lawsuits. The unlikely allies are pushing for changes that encourage group litigation and send a chill ...

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Scruggs won’t face contempt charge in Katrina case

Richard Scruggs, the lawyer for thousands of Hurricane Katrina victims disputing their insurance coverage, won’t be charged with criminal contempt for giving prosecutors documents purloined by two claims adjusters. U.S. Attorney Alice Martin said Wednesday she wouldn’t prosecute Scruggs, turning ...

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