NEWS ABOUT: settlement

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Four Loko: We Won't Use Santa in Our Ads

And, more importantly, won't market on campuses

(Newser) - Amid controversy over its combination of caffeine and alcohol, the makers of Four Loko announced it was dropping caffeine from the equation in 2010. But authorities weren't finished with Phusion Projects: Now, the company has agreed to a raft of new marketing rules, the Los Angeles Times reports. The... More »

Teen's Facebook Post Costs Dad $80K

She violated his settlement's confidentiality clause, told school to 'SUCK IT'

(Newser) - Usually, the worst an ill-advised Facebook post can do is embarrass you (assuming you haven't committed a crime ). But recent prep school grad Dana Snay cost her father $80,000 when she made the mistake of talking about her dad's wrongful termination settlement with Gulliver Preparatory School,... More »

Too Little: NFL's $765M Concussion Deal Scrapped

She worries it's too little to cover 20K players

(Newser) - A federal judge today rejected a $765 million settlement between the NFL and players who suffered concussions, but maybe not for the reason one might think: US District Judge Anita Brody scrapped the deal on the grounds that the funds wouldn't be sufficient to cover nearly 20,000 players... More »

JPMorgan Agrees to Record Financial Crisis Penalty

Company officially strikes $13B settlement

(Newser) - Quick, somebody #AskJPM how it feels to pay the largest civil settlement in history . JPMorgan Chase & Co. has reached a record $13 billion deal with federal and state authorities, resolving claims over the bank's sales of mortgage-backed securities that collapsed during the US housing crisis. It is the... More »

JPMorgan, DoJ Strike 'Tentative' $13B Deal

Doesn't exempt bank from criminal prosecution

(Newser) - JPMorgan Chase has reached a tentative $13 billion deal with the Department of Justice to settle its various civil investigations into the bank's mortgage-backed securities business, a sources tells the Wall Street Journal (and Reuters and Politico ; apparently this meeting was leakier than a rowboat made of Swiss cheese).... More »

Beanie Babies Owner to Pay $53M Over Secret Account

Ty Warner will plead guilty to felony tax evasion charges

(Newser) - Creating Beanie Babies helped Ty Warner become the 209th richest man in America as of this year, with a net worth of $2.6 billion, according to Forbes . But a penalty will chip away at that sum: Warner has agreed to pay $53.5 million and plead guilty to tax-evasion... More »

Lawyers Halted From Taking $2.7M of $3M Settlement

Pampers class-action suit settlement thrown out

(Newser) - It turns out there is a limit to how shameless lawyers can be in paying themselves in class action lawsuits. A federal appeals court last week threw out a $3 million settlement that Procter & Gamble had agreed to in a class-action suit over its allegedly rash-inducing Pampers Dry Max... More »

Big Winner in Occupy's Lawsuits: the Lawyers

NYC to settle 3 suits for $350K, but lawyers walk with more than $230K

(Newser) - New York City will shell out $350,000 to settle three lawsuits brought by Occupy Wall Street protesters—who will walk away with a just portion of that. The protesters sued over seized property that was never returned or became damaged during the Nov. 15, 2011, police raid on the... More »

Lewd 'Tasting Game' Claims Cost LA District $30M

Victims to each get $470K settlement in Mark Berndt case

(Newser) - Los Angeles Unified School District has reached a $30 million settlement in the case of former third-grade teacher Mark Berndt, who is accused of of spoon-feeding children his own semen during what he called "tasting games." The arrangement, pending court approval, will settle 58 of the 191 claims... More »

O'Keefe Pimp Video Just Cost Him $100K

James O'Keefe to settle lawsuit filed by Juan Carlos Vera

(Newser) - James O'Keefe made a name for himself when he dressed up like a pimp and secretly filmed ACORN offices in 2009. Turns out one of those videos is going to cost him $100,000. That's how much he has agreed to pay former ACORN employee Juan Carlos Vera,... More »

Animal Rights Group Pays Circus $9.3M

ASPCA settles lawsuits with Ringling Bros.

(Newser) - An animal rights group has paid $9.3 million to settle two federal court cases over the treatment of circus elephants, CNN reports. Feld Entertainment Inc., which owns Ringling Bros. and Barnum & Bailey Circus, is trumpeting the settlement with the American Society for the Prevention of Cruelty to Animals... More »

Toyota Settles for Record $1.1B Over Defects

Car company has recalled over 14M risky vehicles

(Newser) - A plaintiffs' attorney says Toyota Motor Corp. has reached a settlement in a case involving hundreds of lawsuits over accelerations problems. Steve Berman said today the settlement, which still needs a federal judge's approval, was worth more than $1 billion and is the largest settlement in US history involving... More »

Strauss-Kahn Settles Civil Suit

Figure rumored to be several million dollars

(Newser) - The saga of Dominique Strauss Kahn's alleged rape of housekeeper Nafissatou Diallo came to a close today, at least as far as the law is concerned, with Strauss Kahn settling a suit from Diallo for an undisclosed sum. Diallo arrived at a Bronx courthouse today wearing a leopard-print scarf,... More »

Maid Settling Strauss-Kahn Suit, Likely for Millions

Move also ends New York Post spat

(Newser) - The hotel maid who sued Dominique Strauss-Kahn for alleged sexual assault is due to sign off on a multimillion-dollar settlement today, the New York Daily News reports. A Bronx court has called for an interpreter for Nafissatou Diallo, pointing to an end to the case. An earlier report, denied by... More »

Strauss-Kahn, Hotel Maid Saga Coming to End

Legal wrangling could finally be over as news of settlement emerges

(Newser) - The criminal charges were dropped last year; now, Dominique Strauss-Kahn and hotel maid Nafissatou Diallo are settling her lawsuit over claims he tried to rape her, a source tells the AP . The settlement, whose terms are likely to be kept secret, is poised to mark the end of a long... More »

US Suspends BP From Future Contracts

Temporary move cites 'lack of business integrity'

(Newser) - The Obama administration put a temporary stop to new federal contracts with British oil company BP today, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in 2010. The action by the Environmental Protection Agency bars BP and its affiliates from... More »

Bank of America to Pay $2.43B in Merrill Lynch Settlement

Firm still denies claims it misled investors

(Newser) - Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch. The lawsuit was filed on behalf of investors that bought or held Bank of America stock when the company announced its plans to buy Merrill as... More »

Facebook Settles Suit Over 'Likes' Ads for $10M

Users don't want personal images used for profit

(Newser) - Facebook is paying $10 million to settle a lawsuit over ads that it called sponsored stories. Facebook's service allowed companies to pay to retransmit users' activities to their friends' pages. If a user clicked the "like" button for a brand, the click might show up as a "... More »

States Grab Robosigning Settlement—to Pay Own Bills

California, Georgia, others use settlement as slush fund

(Newser) - When banks agreed to hand the states billions of dollars to resolve the robosigning scandal earlier this year, the money was supposed to go to help struggling homeowners. Instead, more than a dozen states have used it to plug holes in their budgets, the New York Times reports. The latest... More »

Mets’ Owners Settle Madoff Case for $162M

Money to come from bosses' payout as Madoff victims

(Newser) - The New York Mets' owners have avoided a trial over what they knew about Bernie Madoff's Ponzi scheme by settling today with the trustee for Madoff victims for $162 million, the New York Times reports. Trustee Irving Picard had sued Fred Wilpon and Saul Katz for $1 billion (later... More »

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