Settlement News

PG&E Reaches $1 Billion Wildfire Settlement With Local Agencies

PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited. The deal between PG&E and 14 …

Lawyers Pitch Plan to Include Entire U.S. in Opioid Settlement Talks

Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community nationally to participate in negotiating billions of dollars in settlements. The proposal …

Insys to Pay $225 Million to Settle Opioid-Sales Probe

Insys Therapeutics Inc., grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay $225 million to settle U.S. claims that the drug maker illegally sold opioid-based painkillers. Under terms of the deal, Insys …

Louisiana Lawmakers Trying to Make Sexual Harassers Pay

BATON ROUGE, La. — An effort aimed at making Louisiana officials pay a share of their sexual harassment settlements, rather than relying entirely on taxpayer dollars, got closer to final legislative passage Wednesday. Republican Sen. Sharon Hewitt, of Slidell, said …

Facebook User Privacy Lawsuits Over Cambridge Analytica Have Legs

There’s no shortage of claims Facebook Inc. violates users’ privacy for profit. Far less common are rulings from U.S. courts finding the company’s practices illegal. A San Francisco federal judge was leaning in that direction Wednesday by indicating he won’t …

Tech Startup Hoping Insurers Ready for Online Dispute Resolution

An offshore reinsurer has placed a bet that the future of insurance claims will include an option for consumers to resolve disputes online rather than in court. Greenlight Re, a specialty property casualty reinsurer based in the Cayman Islands, announced …

Calif. Appellate Court Affirms $1 Million Bad Faith Judgment Against Geico

GEICO General Insurance Co. refused an offer to settle Michael Mazik’s underinsured motorist claim for $50,000. Instead, the claim will cost the insurer more than $1.3 million. On Friday, a panel of the California 2nd District Court of Appeal affirmed …

Nevada Reaches Tentative Settlement in Wildfire Lawsuit

RENO, Nev. — The state of Nevada has reached a tentative settlement with dozens of homeowners and insurance companies that filed an $80 million negligence lawsuit after a fire destroyed 24 homes when strong winds reignited a smoldering prescribed burn …

MGM Might Pay $800 Million in Las Vegas Shooting Settlement

LAS VEGAS — Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history. “The company …

Following Opioid Suits, Family Behind Deadly OxyContin Squabbles

NEW YORK (Reuters) – A united front among members of the billionaire Sackler family behind painkiller OxyContin is showing signs of strain from litigation over who bears responsibility for the deadly U.S. opioid epidemic. At least twice in recent months, …