Volkswagen AG is facing new lawsuits by New York and at least two other states over the environmental damage caused by devices designed to help the carmaker’s diesel vehicles cheat pollution-control tests.
By Erik Larson and Kartikay Mehrotra Bloomberg News
Michael Lewis may have spelled out the supposed menace of high-frequency trading in his bestseller “Flash Boys.” What he didn’t do is provide a basis for investors to sue stock exchanges or banks.
(Updated 2:42 p.m.)
City Council Majority Leader Kevin Jackson has been arrested and will be arraigned this afternoon for allegedly misappropriating $12,000 in campaign contributions and embezzling $127,000 from the Providence Cobras, a youth track and field organization that he founded.