Settlement News

Cryptocurrency Asset Platform Settles with Oregon over Violations

The Oregon Division of Financial Regulation reached a settlement agreement in principle with a cryptocurrency asset platform for violating state securities regulations. The group of affiliated companies known as Abra – Plutus Financial Holdings Inc., Plutus Financial Inc., Plutus Lending …

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company …

Google Agrees to Delete Web Browsing Data as It Settles ‘Incognito’ Lawsuit

Google said it would delete millions of records of users’ browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed in 2020, alleged the Alphabet Inc. unit surreptitiously …

J&J to Pay $75 Million to Settle Mississippi’s Baby Powder Suit

Johnson & Johnson will pay $75 million to resolve a consumer protection lawsuit filed by Mississippi over the company’s failure to add a safety warning to its talc-based baby powder, according to people familiar with the settlement. The pact comes …

US Homebuyers Expecting $10,000 Savings Face Tough Reality

Consumers expecting big savings from a National Association of Realtors’ class-action settlement over agent commissions may instead be in for a letdown. The agreement drew cheers from President Joe Biden, who said it “could save homebuyers and home sellers as …

Chevron to Pay Over $13M in Settlement for California Oil Spills

Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has …

SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’

The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of $400,000 in civil penalties for making false …

UFC’s Owner Settles Lawsuits With Fighters for $335 Million

TKO Group Holdings Inc., parent of the Ultimate Fighting Championship mixed-martial arts league, settled two class-action lawsuits involving its fighters for a total of $335 million. The settlement will be paid in installments over an agreed upon period of time, …

Vale Faces $3.8 Billion Dutch Lawsuit Over Brazilian Dam Collapse

Vale SA is set to face a fresh legal front over a catastrophic Brazilian dam collapse in 2015 after thousands of victims sued the company in a Dutch court in a claim that could cost the mining giant £3 billion …

Bankruptcy Court Approves New Jersey Diocese’s $87.5M Plan for Abuse Victims

Almost three-and-one-half years after the Catholic Diocese of Camden, New Jersey filed for bankruptcy citing financial effects from the pandemic and sexual abuse settlements, its Chapter 11 reorganization plan has been approved. The final plan, the ninth amended proposal, establishes …