Tesla rejected $60 million settlement before $243 million verdict in fatal autopilot crash case
Miami: Tesla turned down a $60 million settlement offer in a lawsuit over a deadly 2019 crash involving a Model S equipped with Autopilot, but a jury awarded $243 million in damages earlier this month.
Attorneys for the plaintiffs revealed the settlement proposal in a filing on Monday in the U.S. District Court for the Southern District of Florida as part of a motion seeking legal fees from the company. According to a report by The Hindu, they argued that Florida law entitles them to fees accrued since May 30, when Tesla turned down the offer.
The case was registered on an April 2019 after an accident in which a Tesla Model S using Autopilot collided with a parked Chevrolet Tahoe on a highway shoulder. The crash killed Naibel Benavides Leon and severely injured her boyfriend, Dillon Angulo.
Jurors found Tesla liable for $42.6 million of the compensation amount and punitive damages and they awarded $129 million in compensatory damages and $200 million in punitive penalties. The Tesla driver was judged 67% liable but was not identified as a defendant.
Tesla vowed to appeal and rejected the accusations and stated that the decision undercuts efforts to develop autonomous driving technologies.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
