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  • Louisiana-Pacific Settles for $44.5 million
    Louisiana-Pacific Corporation announced that it has reached settlement agreements in the OSB antitrust litigation in order to limit the risks and costs associated with at least two lengthy jury trials. The company denies that it violated any U.S. antitrust law or any other law. Under the terms of the settlement agreement with the certified class of dire...
  • Landowners Win Pollution Suit Against Continental Carbon
    Landowners Win Pollution Suit Against Continental Carbon A $10.5 million settlement has been reached in a class-action lawsuit against Continental Carbon Co. The suit was brought by about 1,800 landowners and the Ponca Tribe of Indians over alleged pollution damages caused by black dust from a carbon black plant in Ponca City. The terms of t...
  • Meeting Notification for US Auto Parts Class Action Settlement
    A Notification entitled "Meeting Notification for US Auto Parts Class Action Settlement" was posted on this site on July 7, 2008. The notification (of a hearing, not a meeting) correctly stated: "A hearing will be held regarding US Auto Parts Common Stock and a $10 million class action settlement, on September 29, 2008, at 8:30 a.m., before the Honorable Geo...
  • Bankruptcy claims of over $1.1 billion reach settlement.
    Talk to a local bankruptcy lawyer right away! New York, NY: (May-15-07) Calpine Corp., a now bankrupt power company, reached a settlement of virtually all major-cross border disputes between it and its Canadian subsidiaries. The settlement agreement seeks to resolve more than $250 million of intercompany claims in the Canadian insolvency proceedings...
  • Banner Supply Agrees to Pay $54.4 Million in Chinese Drywall Class Action
    Miami, FL: A $54.4 Million settlement has been reached in a Chinese drywall lawsuit brought againt Banner Supply by homeowners in the Orlando area. The agreement covers 2,000 to 3,000 homes south of Orlando. Some 7 million sheets of tainted drywall were imported from China between 2000 and 2009, according to the Consumer Product Safety Commission...
  • Brooks Automation Reaches Settlement in Securities Class Action
    Brooks Automation, Inc. announced on Tuesday that it has reached a settlement in principle regarding the consolidated securities class action filed in June 2006 pertaining to the Company's historical stock option granting practices and related accounting. The terms of the settlement, which include no admission of liability or wrong doing by Brooks,...
  • Family of Surgeon Killed in Bicycle Crash Awarded $13 Million
    San Diego, CA: A $17.4 Million settlement had been awarded by a jury hearing the wrongful death suit filed by the family of a surgeon killed in a bicycle accident. In 2009, Michael Mazurek, an orthopedic trauma surgeon with the US Navy, was cycling to work when he was allegedly cut off by an American Medical Response van driven by Gustavo Gonzal...
  • Wells Fargo Settles Gender Bias Suit for $32 Million
    Washington, DC: A federal judge in Washington has approved a $32 million settlement of a class action brought against Wells Fargo Advisors by a group of women who alleged gender discrimination. Reportedly, some 3000 female financial advisors make up the class. Under the terms of the settlement, Wells Fargo Advisors will implement policies and pr...
  • HSBC Settles Madoff Fraud Securities Suit for $62.5 Million
    New York, NY: A lawsuit against HSBC Holdings PLC, has been settled with Europe's largest bank agreeing to pay $62.5 million to a private group of investors who lost money in association with a Madoff securities fraud. The investors had placed funds with Ireland-based Thema International Fund Plc, the assets of which were held with Bernard L. Madof...
  • State of Virginia to pay $11 million settlement in Virginia Tech massacre.
    Richmond, VA: (Jun-17-08) A Virginia Circuit Court has approved an $11 million settlement for families of most of the victims in last year's Virginia Tech massacre. Families of 24 victims are set to receive $100,000 each, the maximum allowed by Virginia's liability limit, while 18 people injured during the rampage will receive up to the $100,000 maximum,...
  • $173M Settlement Reached in Chip Antitrust Suit
    Seattle, WA: A negotiated settlement between state attorneys and six top Dynamic Random Access Memory (DRAM) manufacturers has been reached, in an antitrust class action lawsuit alleging that the chip makers colluded to fix prices of the electronics. The suit was brought by consumers and 33 states, following a federal investigation that began in...
  • Missouri Cities, AT&T Reach Preliminary $65 Million Settlement
    Some 330 cities in Missouri will split $65 million to be paid by AT&T as settlement of a class action suit alleging that the communications gint underpaid telephone business taxes. If approved, $17 million will go to 10 cities in the Kansas city area as settlement of a class action going back to 2004, over taxes on landlines. The settlement...
  • MCM Construction to pay $6 million settlement in banned, outdated vehicle use lawsuit.
    MCM Construction to pay $6 million settlement in banned, outdated vehicle use lawsuit. Sacramento, CA: (May-23-08) California Attorney General Jerry Brown brought a lawsuit against MCM Construction, a bridge building firm, alleging that the company used banned portable diesel engines on state-funded projects. The suit claimed that the company failed to...
  • J&J Guilty of Deceptive Marketing in Arkansas Risperdal Lawsuit
    New York, NY: Johnson & Johnson (J&J) may have to pay $1.25 billion for deceptive marketing of its atypical antipsychotic Risperdal , according to media reports. The settlement, ordered by a judge in Arkansas, is one of the larger J&J may have to pay for deceptive marketing of the drug. According to a report by Bloomberg, jur...
  • Microsoft Settles with Arizona for $4.4 Million
    Microsoft Corporation has reached a preliminary settlement of $4.4 million in a class-action lawsuit brought by Arizona state and local governmental entities. The suit alleged that Microsoft illegally obtained monopoly power in the market for operating systems and software applications, "and used that power to charge higher prices." State and lo...
  • Severe Workplace Accident Results in $7 Million Settlement
    Corpus Christie, TX: A $7 million settlement has been reached in a personal injury case involving a man who suffered severe burns to his face, neck and arms while working at the Crude and Vacuum unit of Citgo' East Plant. The case, Jose Herrera II v. Refined Technologies Incorporated, claimed that on February 22, 2008, Herrera was connecting an...
  • Royal Dutch Shell Investors Reserves Settlement
    London, UK: (Apr-10-07) Royal Dutch Shell announced the settlement of all claims against them outside the US pertaining to the 2004 restatement of reserves. Though Shell i.e. The Shell Transport and Trading Company, Ltd. and Shell Petroleum N.V. did not admit to any wrongdoing on its part, they have agreed to pay $352.6 million, plus administrative costs,...
  • Farmers' Market operators to pay $6 million settlement in personal injury lawsuits.
    Los Angeles, CA: (May-21-08) Several civil wrongful death and personal injury lawsuits were brought against Bayside District Corp., the city of Santa Monica and George Weller, pertaining to the Santa Monica farmers' market crash, which resulted in the death of 10 people, leaving dozens hurt. The damage occurred when an out-of-control car driven by an 86-...
  • Medtronic Agrees $85M Bone Graft Securities Class Action Settlement
    New York, NY: Medtronic has agreed to pay $85 million to settle claims brought by investors in a securities class action lawsuit. The lawsuit claims that the investors were misled by company leaders on the off-label uses of the company's bone graft. The settlement still awaits final documentation and court approval. The lawsuit, filed in 2008...
  • Toning Shoes False Advertising and Personal Injury Lawsuits
    Toning shoe lawsuits have been filed against the makers of tone-up shoes alleging that the shoes were defectively designed and caused harm to people who wore the shoes. Among the claims in some toning shoes lawsuits are that the shoes were falsely advertised, including misleading statements about the health benefits linked to the shoes. Among companies...
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