Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes July 8, 2024 By Chris Strohm, Julie Johnsson and Allyson Versprille Boeing Co. agreed to plead guilty to criminal conspiracy to defraud the US after the Justice Department concluded the planemaker...
GEICO to Pay $6 Million to Settle Auto Adjusters’ Claims of Unpaid Overtime Hours July 8, 2024 By Andrew G. Simpson Insurer GEICO has agreed to pay $6 million to settle claims by auto damage claims adjusters who allege the insurer...
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims July 5, 2024 By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the...
Discover Agrees to Settle Class-Action Suit for Overcharging Merchants July 5, 2024 By Paige Smith Discover Financial Services, the credit-card firm that agreed to be acquired by Capital One Financial Corp., said it reached an...
Justice Department to Charge Boeing, Seeks Guilty Plea From Planemaker July 1, 2024 By Allyson Versprille and Chris Strohm The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or...
Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield June 28, 2024 By Jonathan Randles and Greg Stohr The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid...
Big Banks to Pay $46 Million to Settle Swaps Collusion Case June 28, 2024 By Sabrina Willmer Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan...
Crypto Firm Abra Reaches $82M Settlement for Operating Without Licenses June 27, 2024 By Hannah Lang Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for...
Russian Court Orders Italy’s UniCredit to Pay $480M for Aborted Gas Project June 26, 2024 By Elena Fabrichnaya and Alexander Marrow A Russian court has ordered Italian bank UniCredit to pay 448.2 million euros ($479.44 million) in a lawsuit over an...
Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms June 24, 2024 By Chris Prentice, Mike Spector and Allison Lamper U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker...