Settlement News

Qualcomm Reaches $75M Settlement Over Sales and Licensing Practices

Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by hiding its anticompetitive sales and licensing practices. A preliminary all-cash settlement was filed on Tuesday with the federal court in …

42 States, J&J Finalize $700M Settlement Over Talc Marketing

Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and Washington D.C. …

Cancer Victims Ask Court to Block J&J Talc Bankruptcy

A group of cancer victims asked a federal judge to block Johnson & Johnson’s proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products caused their illnesses, according to a court filing. …

Terraform to Pay $4.47 Billion to Settle SEC Fraud Case

Terraform Labs Pte. will pay $4.47 billion to resolve a US Securities and Exchange Commission lawsuit over the firm’s 2022 collapse, which wiped out $40 billion in investor assets and shook the cryptocurrency world. The SEC on Wednesday asked a …

RTX Accused of Discriminating Against Over-40 Job Applicants

RTX Corp. is facing a proposed class-action lawsuit accusing the world’s largest aerospace and defense company of discriminating against older workers in hiring. The company reserves many jobs only for recent college graduates, excluding candidates who are 40 or older, …

Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said …

Meta Gets Supreme Court Review on Investor Data-Harvesting Suit

The US Supreme Court agreed to consider killing a multibillion-dollar shareholder lawsuit that accuses Meta Platforms Inc. of misleading investors about the data-harvesting scandal involving political consulting firm Cambridge Analytica. The justices said Monday they will decide whether a federal …

Families of Those Who Died in Boeing Crashes Press Justice Department to Prosecute Company

Relatives of passengers who died in two jetliner crashes pushed federal officials to prosecute Boeing on criminal charges related to the accidents no later than this fall but said they got no commitment from the Justice Department. The Justice Department …

Visa, Mastercard to Pay $197 Million to Settle Consumer ATM Fee Lawsuit

Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in …

Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed

Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a fiery 2016 crash, marking the second time in two months the electric-vehicle maker has avoided a jury trial in California …