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Sort by date 7,426 pages found matching settlement- Deutsche Bank to Pay $553 Million in Tax Case
New York, NY: Deutsche Bank has agreed to admit criminal wrongdoing and pay a settlement of $553 million, settling a long-running investigation into tax shelter fraud by the US States Attorney's Office. By settling the investigation Deutsche Bank will escape prosecution for helping 2,100 customers evade taxes through some 2,300 financial transacti... - WellCare Reaches Preliminary Settlement in Securities Class Action
TampaBay, FL: WellCare Health Plans Inc. has signed an agreement finalizing the terms of a $200 million settlement in a securities class action lawsuit. The settlement, which still requires court approval, is intended to resolve all the claims that are the subject of the class action, WellCare said in a filing with the Securities and Exchange Com... - Cintas Settles Laundry Workers' Class Action for $6.5 Million
Los Angeles, CA: Workers United/SEIU announced today that industrial launderer Cintas has agreed to pay $6.5 million to settle a class action lawsuit alleging that it violated the City of Los Angeles Living Wage Ordinance. The union, which represents 70 percent of laundry workers in California, believes the settlement is the largest monetary amount ever pa... - Wal-Mart Agrees Tentative $40 Million Settlement in Wage and Hour Class Action
Wal-Mart has agreed to what is being heralded as the largest settlement of a wages class action in Massachusetts history, a record $40 million. If approved, the settlement will end the class action, filed in 2001. The lawsuit alleges that Wal-Mart workers were denied meal and rest breaks and refused overtime pay, and had their time cards manipulated in... - $2M Asbestos Mesothelioma Settlement Awarded
Washington, DC: A $2 million settlement has been awarded in an asbestos mesothelioma lawsuit brought on behalf of the now deceased Mr. Hannibal Saldibar. Saldibar, a tile setter from New Haven, CT, passed away in January 2010. On May 22, 2012, the jury hearing his case found that the Tile Council was aware that their products contained asbest... - Pfizer Settles Celebrex Securities Lawsuit for $164M
New York, NY: Pfizer Inc, has agreed to pay $164 million in settlement of a securities class action lawsuit brought over allegations that it misprespresented results from clinical trials of Pharmacia's arthritis drug Celebrex. Pfizer acquired Pharmacia Corp, the maker of Celebrex, in 2002. In 2003, investors sued Pfizer and some former Pharm... - Oracle Unpaid Overtime Lawsuit Settled for $35M
Los Angeles, CA: An unpaid overtime class action lawsuit brought against Oracle has reached preliminary settlement with the superior court in Alameda County, California last week granting preliminary approval to a $35 million agreement. A final hearing is set for March and will allow any workers to raise objections or go after individual claims against... - Fen-Phen Side Effects - Fen-Phen Lawsuit & Free Case Evaluation
Fen-Phen was withdrawn by the manufacturer, American Home Products (later Wyeth-Ayerst Laboratories), in 1997 due to alarming reports of heart valve defects found in approximately 30 percent of the subjects of an obesity study. The two drugs that make up the combination are fenfluramine (Pondimin) and phentermine (Ionamin). In addition, a drug known as R... - Bank of America Settles Securities Class Action for $2.43 Billion
New York, NY: A securities class action against Bank of America Corp (BoFA) has reached a preliminary settlement with the bank agreeing to pay $2.43 billion to end claims it was not forthcoming with financial information about Merrill Lynch & Co to the banks shareholders, prior to BoFA buying the securities house. BoFA agreed to buy Merrill Lynch in... - $18M Settlement Awarded fo Ex-UPS Supervisor in Wrongful Termination Lawsuit
Los Angeles, CA: A former United Parcel supervisor (UPS) has been awarded an $18 million verdict for wrongful termination in settlement of his California labor lawsuit. Marlo was denied a promotion for a number of years, and was eventually terminated on November 12, 2008, a few months before his wage-and-hour case was scheduled for trial. Mich... - Cook County Settles Strip Search Class Action for $55.3 Million
Chicago, IL: The Cook County Board has approved a $55.3 million settlement in a class-action civil lawsuit alleging that thousands of inmates at the county jail were improperly strip searched. The settlement resulted from the county losing several federal court rulings stemming back to 2006. The courts had already determined the strip search pr... - California Security Guards Win $90M in Overtime Class Action Lawsuit
Los Angeles, CA: Some 15,000 security guards employed by American Commercial Security Services have been awarded a $90 million settlement in their unpaid overtime class action lawsuit against the company. The lawsuit alleged that the guards were required to be "on duty" during rest breaks, violating the Labor Code. The company had a policy and... - Hurricane Ike Slab Suits Settled for $72 Million
Galveston, TX: A District Court judge Monday approved a $72 million settlement of a class-action lawsuit involving 1,200 claims related to Hurricane Ike. The majority of the cases against the Texas Windstorm Insurance Association stemmed from Ike's September 13, 2008, landfall in Galveston County. Storm surge inundated Bolivar Peninsula and much... - Wal-Mart Settles Wage and Hour Class Action for $86 Million
Oakland, CA: The United States District Court for the Northern District of California, Judge Saundra B. Armstrong, has granted final approval to the settlement of a wages and hour class action suit against Wal-Mart in California, In re Wal-Mart Stores Wage and Hour Litigation, Case No. 02069SBA (Smith Case No. C-06-02069SBA and Ballard Case No. C-06-05... - Citigroup Agrees $285M Settlement of SEC Charges of Mortgage-Backed Securities Fraud
Washington, DC: Judge Jed Rakoff of New York's Southern District, has rejected a proposed $285M settlement offered by Citigroup to end an civil complaint brought by the Securities & Exchange Commission (SEC) over allegations that they defrauded investors through highly risky mortgage-backed investments. The specific transaction referred by the SEC inv... - Target Settles Employee Discrimination Suit for $160K
San Francisco, CA: A $160K settlement has been awarded to a former employee of retail giant Target, ending his discrimination lawsuit against the company. Jeremy Schott, who filed the suit, took medical leave in 2004 due to his experiencing a seizure. He was 29 years old at the time. In his suit, he alleged that when he returned to work his weekly... - $104M Awarded to Whistleblower in UBS Tax Evasion Case
New York, NY: A $104 million award has been granted to former UBS banker Bradley Birkenfeld by the US Government under the IRS whistleblower program. The massive award is for information Birkenfeld provided that led to the recovery of $780 million in penalties from UBS Bank by the IRS. Birkenfeld' tips helped the IRS reach a settlement in... - Toshiba Settles LCD Antitrust Class Action for $30M
San Francisco, CA: Toshiba Corporation announced today that it has settled claims of alleged antitrust violations in the LCD business brought by direct purchasers of LCD panels and certain products containing such panels. Toshiba will pay US$30 million, and the Plaintiffs will relinquish all claims for damages, fees, costs and other relief. The a... - Aurora Organic Dairy Settles Consumer Fraud Class Action for $7.5M
Boulder, CO: Aurora Organic Dairy, based in Boulder, has agreed a $7.5 million settlement potentially ending a five-year-old consumer fraud class-action lawsuit against the company. The lawsuit was filed against the dairy, which supplies many U.S. grocery chains, on behalf of two St. Louis-area mothers in 2007. They alleged the dairy employed unfa... - Former Chief Executive of UnitedHealth Group to Pay $30 Million Settlement
In addition to the more than $900 million settlement announced last month by UnitedHealth Group, Former Chief Executive William McGuire, has agreed to pay$30 million into a fund established in a class action settlement involving stock options for the country's largest health insurer. The settlement is subject to court approval, and it remains to be det...