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  • New London, NH Sewage Spills Settlement
    New London, NH: (Jul-03-07) The New Hampshire Attorney General's Office brought charges against the town of New London, after about 100,000 gallons of raw sewage spilled into Lake Sunapee in April 2004. The spill at the George's Mills Pump Station was followed by another spill of about 2,500 gallons in September 2006. Both incidents were due to a variety o...
  • Citigroup Smith Barney Settle Gender Class Action for $33 Million
    Professional women across America won a major employment victory today when a federal court ruled that they had been discriminated against by the investment house that employed them, and awarded the women groundbreaking financial compensation in a sweeping settlement. A federal court has granted final approval of a settlement of over $33 million with...
  • Michael Cully and Douglas Newton Veritas Corp. Financial Fraud Settlement
    San Jose, CA: (Jul-02-07) The US Securities and Exchange Commission (SEC) filed civil charges against the former chief executive Mark Leslie and four other senior managers of Veritas Software Corp., alleging that they engineered financial fraud while at their positions in the company. The SEC charged Mark Leslie, former Chief Financial Officer Kenneth Lonc...
  • Sierra Pacific Industries Timber Air Pollution Settlement
    Placer County, CA: (Jul-02-07) The Placer County Air Pollution Control District, with the California Attorney General and the California Air Resources Board brought an environmental damage lawsuit against Sierra Pacific Industries, a timber operations company and California's largest private landowner. The suit was filed over a civil complaint that was fil...
  • American International Group Inc. Mortgage Assessment Settlement
    Washington, DC: (Jun-26-07) The Office of Thrift Supervision (OTS) brought charges against American International Group Inc., over how to manage sub prime loans. The charge created a model for how one underwrites such risky assets. The OTS stated that the suit created a model that helped institutions focus on appropriate factors when assessing whether a bo...
  • Florida State Settles with Feds over Disclosure of Personal Driver Info
    A $1.5 million settlement has been approved by Florida Governor Charlie Crist and the state's cabinet, which it will pay to the federal government to settle allegations that it was illegally selling Florida state drivers' personal information to businesses and individuals. A class action suit was filed by four Florida state residents earlier this yea...
  • Proposed Dana Corp. Employee Retirement Settlement
    Toledo, OH: (Jun-21-07) Dana Corp., a bankrupt Toledo auto parts producer, and its two largest unions have been embroiled in a legal battle over retiree health care programs. Dana Corp. is close to a settlement that would eliminate its $1.5 billion obligation for retiree health care but would avert a catastrophic benefit cutoff for union retirees. As part...
  • MidAmerican Energy Holdings Co. and El Paso Corp. Western Energy Crisis Settlement
    Washington, DC: (Jun-21-07) The US Federal Energy Regulatory Commission (FERC) filed lawsuits against MidAmerican Energy Holdings Co. and El Paso Corp., alleging that the energy companies charged unfair prices during the Western energy crisis of 2000 and 2001. In a settlement reached, MidAmerican's PacifiCorp unit agreed to pay $27.9 million to resolve all...
  • Franciscan Friars of California Pedophile Priests Settlement
    Los Angeles, CA: (Jun-21-07) In a landmark court decision, a Los Angeles County judge ruled the state's interest in protecting minors from pedophile priests trumped the laws safeguarding the confidentiality of employee records. The ruling stemmed from a lawsuit filed by 25 molestation victims against the Franciscan Friars of California, alleging that they...
  • Realtors, Property ID Company Propose $39 Million in Settlement for California Class Action
    A proposed settlement is in the works which would see Coldwell Banker, Prudential California Realty, REMAX, Century 21 and ERA Real Estate paying $39.3 million to California home owners. The settlement results from a lawsuit alleging that Property I.D. Corp, the company that produced the hazard disclosure reports for homeowners who were selling, paid k...
  • New York, NY City Laborers Wage Settlement
    New York, NY: (Jun-21-07) Neron Banks and other laborers in Local 376, who work for the city Department of Environmental Protection as well as the Sanitation, Transportation and Education departments filed repeated complaints against the city of New York, alleging that their hourly wages were significantly less than their peers in the private sector. ...
  • US Government pays $666 million to settle health care lawsuit.
    New York, NY: (Mar-12-08) Hospitals nationwide have brought a lawsuit against the federal government, alleging that they were owed money, due to changes made to the Medicare reimbursement policy more than 20 years ago. Sources stated that in the mid-1980s, the Reagan administration reinterpreted Medicare reimbursement rules, which excluded certain types...
  • Family Dollar Stores Inc. Back Dated Stocks Settlement
    Washington, DC: (Jun-22-07) A stockholder derivative lawsuit was filed against discount store chain Family Dollar Stores Inc., accusing the company of backdating stock options. Family Dollar was one of more than 100 companies which launched internal reviews into their stock options practices. The probes centered on backdating, which occurs when a stock opt...
  • Potato Chip Manufacturers Settle Cancerous Lawsuit
    Frito-Lay, Heinz, Kettle Foods, and Lance Inc, have reached a settlement in a three-year old lawsuit filed by California's Attorney General that alleged the potato chip manufacturers did not properly warn consumers about the cancer-causing chemical acrylamide present in their chips. The settlement involves Frito-Lay, Kettle Foods, and Lance Inc cutting...
  • Jeffrey McMahon Enron CFO Fraud Settlement
    Washington, DC: (Jun-21-07) The US Securities and Exchange Commission brought charges against Enron's former chief financial officer, Jeffrey McMahon, alleging that he helped the company commit fraud. McMahon, who has been the president of Houston-based Zilkha Biomass Energy since 2004, neither admitted nor denied the Securities and Exchange Commission all...
  • Hall Financial Services Mortgage Foreclosures Settlement
    Charlotte, NC: (Aug-02-07) The NC Commissioner of Banks and the Attorney General's Office brought charges against James Hall, a mortgage broker based in Matthews. The lawsuit alleged that Hall originated loans for borrowers without considering whether or not the borrower would be able to repay the loans, and with frequent misstatements in loan documents. T...
  • Everest Reinsurance Co & Mt. McKinley Insurance Co. Federal-Mogul Asbestos Claims Settlement
    Southfield, MI: (Jun-20-07) Federal-Mogul Corp. filed a lawsuit against two of its insurers, Everest Reinsurance Co. and Mt. McKinley Insurance Co., over coverage for asbestos damages. The nearly six-year long legal battle ended after several months of negotiations with the insurers, Cooper Industries LLC, the asbestos claimants committee, and the legal repr...
  • First Montauk Financial Corp. Okun Merger Termination Refund Settlement
    Newark, NJ: (Jun-18-07) Edward Okun terminated a merger agreement that he and his affiliated companies had entered into with First Montauk Financial Corp. Four separate lawsuits arising out of the termination of the merger agreement were filed in December 2006. In a settlement reached between the parties, both agreed to exchange general releases and...
  • PPL Electric Utilities Tariff Settlement
    Pittsburgh, PA: (Jun-18-07) A recent settlement reached with the Pennsylvania Public Utility Commission (PUC) holds promise of a revision that would decrease electric bill rates for businesses, though residential customers would see a hike. Industrial and commercial customers of PPL Electric Utilities filed an appeal with a Commonwealth Court, contending t...
  • JAMM Realty Corp. Developer Zoning Dispute Settlement
    Cherry Hill, NJ: (Jun-17-07) Cherry Hill residents Gregory Bruno, Anne Einhorn, and Patricia Talcott filed suit against JAMM Realty Corp., a Central Jersey developer, over capital improvements to the township's 19 public schools. The suit sought to overturn a use variance the board granted the developer in 2006. The variance let the company build a maximum...
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