March 18, 2024
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about the …
March 15, 2024
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. …
March 11, 2024
Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district judge in …
March 11, 2024
New York Attorney General Letitia James announced that a pet store chain will have to pay $300,000 to 190 customers who they knowingly sold sick puppies to at locations on Long Island. As part of the settlement, Shake A Paw …
March 6, 2024
Settlements and judgments under the False Claims Act exceeded $2.68 billion in the fiscal year ending Sept. 30, 2023, according to the Attorney General’s office. The False Claims Act imposes treble damages and penalties on those who knowingly and falsely …
March 1, 2024
Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest obstacle to completing its plan …
March 1, 2024
An obscure 21-year legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the …
February 29, 2024
GSK Plc settled a US lawsuit set to start in California over the UK drugmaker’s blockbuster heartburn medication Zantac, the second such agreement this month. The company said it had reached a confidential settlement with claimants listed as Boyd/Steenvoord, resolving …
February 29, 2024
Gemini Trust Co., the crypto exchange founded by twin entrepreneurs Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers though the Genesis Global Capital bankruptcy as part of settlement with the New York Department of Financial Services. …
February 27, 2024
Berkshire Hathaway Energy Co.’s PacifiCorp sold $3.8 billion of US investment-grade bonds to help fund settlement claims related to wildfires in Oregon. The electric utility issued debt in four parts, with the longest portion — a long 30-year fixed-rate note …