Geoghan Victims Settle With Church: $10M Deal OK’d
A “tentative” $10 million settlementLawyers for the Archdiocese of Boston and 86 plaintiffs in the John J. Geoghan sex abuse suit have agreed to a ``tentative'' $10 million settlement after the judge overseeing their case urged them to cut a deal, a key attorney said last night. The accord - a far cry from the $15 million-to-$30 … [Read more...] about Geoghan Victims Settle With Church: $10M Deal OK’d
Takeda Reportedly Offers $2.2B to Settle Actos Bladder Cancer Claims
Takeda Actos Settlement Over Bladder Cancer Claims. A potential upcoming Actos settlement would be one of the largest settlements in US history of patients’ lawsuits over defective drugs and medical devices. Bloomberg reports that according to three sources familiar with the situation, Takeda Pharmaceutical Co. has offered … [Read more...] about Takeda Reportedly Offers $2.2B to Settle Actos Bladder Cancer Claims
GlaxoSmithKline To Pay $105M to Settle Off-Label Suits
Settle Off-Label Suits. GlaxoSmithKline PLC announced on Wednesday that it would pay $105 million in settlements to resolve allegations from 44 states and the District of Columbia over the improper marketing of the asthma drug Advair and the antidepressants Paxil and Wellbutrin. GSK did not admit to any wrongdoing or liability … [Read more...] about GlaxoSmithKline To Pay $105M to Settle Off-Label Suits
Medtronic Agrees to Pay $2.8 Million to Settle False Claims
$2.8 Million to Settle False Claims. Medtronic has agreed to pay $2.8 million to settle allegations under the False Claims Act. According to a news release from the Department of Justice (DOJ), the company allegedly caused some doctors to submit false claims to federal health care programs for SubQ stimulation. SubQ stimulation … [Read more...] about Medtronic Agrees to Pay $2.8 Million to Settle False Claims
Chinese Drywall Supplier Seeks to Settle Florida Claims
Settlement Of Florida Chinese Drywall Claims. A proposed settlement of hundreds of Florida Chinese drywall claims was announced yesterday. Under the terms of the settlement, Banner Supply, along with its affiliates and insurers, will pay $55 million to fix as many as 3,000 homes in Florida built with tainted Chinese drywall … [Read more...] about Chinese Drywall Supplier Seeks to Settle Florida Claims
Ortho Evra Maker Paid $68.7M Settlement
Ortho Evra Maker Paid $68.7 Million. Ortho Evra maker Johnson & Johnson has spent just over $68 million so far to settle hundreds of lawsuit. The defective birth control patch has been linked to a variety of health ailment, including blood clots, heart attacks and strokes Johnson & Johnson has been named in more than 4,000 … [Read more...] about Ortho Evra Maker Paid $68.7M Settlement
DuPont Agrees To Settle In Teflon Suit
DuPont Agreed To A $340 Million Settlement To Resolve A Teflon Suit. DuPont agreed to a settlement Thursday that could be worth more than $340 million to resolve a class action lawsuit alleging the chemical giant contaminated a West Virginia community's water supply with a key ingredient used in its Teflon products. A circuit … [Read more...] about DuPont Agrees To Settle In Teflon Suit
Citigroup To Settle WorldCom Suit For $2.65bn
Class Action WorldCom Suit Settlement. Citigroup, the world's biggest financial services firm, said on Monday it would pay $2.65bn to settle a class-action lawsuit filed by shareholders in WorldCom, the bankrupt telecoms company. Owners of WorldCom stock and bonds sued Citigroup over its close relationship to the … [Read more...] about Citigroup To Settle WorldCom Suit For $2.65bn
MFS May Settle With Regulators
MFS To Settle Allegations. State and federal regulators are close to hammering out a deal with one of the nation's oldest mutual fund companies, Massachusetts Financial Services Co. (MFS), to settle allegations that the Boston-based firm failed to crack down on short-term trading that hurt ordinary investors, sources familiar with … [Read more...] about MFS May Settle With Regulators
Vivendi, Former CEO Settle Fraud Charges
Vivendi Settle Fraud Charges. Vivendi Universal SA, the French conglomerate, agreed yesterday to pay a $50 million penalty and its former chief executive, Jean-Marie Messier, said he would surrender his $25 million severance payment as part of a settlement with the Securities and Exchange Commission to resolve securities … [Read more...] about Vivendi, Former CEO Settle Fraud Charges
JP Morgan Pays $25m To Settle SEC Case
JP Morgan To Settle SEC Case. JP Morgan Chase has agreed to pay a $25m civil penalty to settle allegations that it tried to manipulate the share prices of new public companies during the technology bubble. The Securities and Exchange Commission, the chief US financial regulator, said the bank had indulged in abusive allocation of … [Read more...] about JP Morgan Pays $25m To Settle SEC Case
Six Former Xerox Execs Settle SEC Charges
Xerox Execs Accounting Practices. Six former Xerox Corp. executives, including ex-CEO Paul A. Allaire, have agreed to pay $22 million to settle federal civil securities fraud charges related to accounting practices that led the office equipment maker to overstate profits. The money includes penalties and forfeited … [Read more...] about Six Former Xerox Execs Settle SEC Charges
Former Qwest Chairman To Settle IPO Charges
Qwest Chairman Agreed To Settle Charges. Philip F. Anschutz, former chairman of Qwest Communications International Inc., agreed yesterday to donate $4.4 million to a group of charities and law schools to settle charges that he illegally profited from shares in initial public offerings provided by his company's investment … [Read more...] about Former Qwest Chairman To Settle IPO Charges
Metropolitan Life To Settle Bias Claim
Metropolitan Life Will Pay To Ohio Customers. Metropolitan Life Insurance Co. will pay $8.6 million to nearly 98,000 Ohio customers who were discriminated against because of their race, under an agreement signed Friday by the director of the Ohio Department of Insurance. The agreement settles a five-state class-action lawsuit that … [Read more...] about Metropolitan Life To Settle Bias Claim
CSFB, In Talks To Settle
CSFB Settlement Over Allegations. Massachusetts regulators have told other state authorities they are attempting to reach a $100 million settlement with Credit Suisse First Boston over allegations that its investment researchers some in the firm's Bay Area offices misled investors, according to two state regulatory … [Read more...] about CSFB, In Talks To Settle
12 Settle Lawsuits In Bridge Collapse
Lawsuits In Bridge Collapse Settlement. A dozen people injured two years ago in the collapse of a pedestrian bridge at Lowe's Motor Speedway settled their civil lawsuits Thursday in Mecklenburg Superior Court. They received an undisclosed amount of money from the defendants in the case, which included the speedway, its parent … [Read more...] about 12 Settle Lawsuits In Bridge Collapse
Ford, Michelin Settle With Defendants In Tire Death Suit
A Couple Killed In A Ford Explorer Rollover Reached A Settlement. The family of a Mexican couple killed in a Ford Explorer rollover reached an undisclosed settlement with defendants including Ford Motor Co. and Michelin North America, Inc. Parties in the lawsuit settled following jury selection in state district court in … [Read more...] about Ford, Michelin Settle With Defendants In Tire Death Suit
Parents, Hospital Settle For $7.5m
$7.5 Million Hospital Malpractice Settlement. The parents of 5-year-old Leyda Uluam of Marlborough finalized a $7.5 million malpractice settlement this week, among the largest in Massachusetts history, for botched care after a 1997 hernia procedure at MetroWest Medical Center in Framingham left the girl a profoundly brain-damaged … [Read more...] about Parents, Hospital Settle For $7.5m
Ford, Firestone Settle Shinhoster Fatal Accident Case
Ford, Firestone And Shinhoster's Family Settled The Case. It took nearly all Tuesday night, but just before Ford, Firestone and Earl Shinhoster's family were to face off in front of a jury, they suddenly settled the case. The two sides met until nearly midnight when Ruby Shinhoster finally agreed to the money the companies were … [Read more...] about Ford, Firestone Settle Shinhoster Fatal Accident Case
Ford, Firestone Settle Michigan Case
Ford And Firestone Settled A Case. A Michigan man who became a paraplegic when his Ford Explorer rolled over after one of its Firestone tires failed has settled his case out of court for an undisclosed amount, his lawyer said Friday. Chuck Burt, 26, of White Lake, Mich., was paralyzed on June 25, 2000 when a tire tread separation … [Read more...] about Ford, Firestone Settle Michigan Case
