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...
Under Armour to Pay $434M to Settle Lawsuit Over Sales Disclosures June 24, 2024 Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing...
JPMorgan, Ex-Trader Agree to Settle Wrongful Firing Lawsuit June 24, 2024 By Steve Stroth A former JPMorgan Chase & Co. precious metals trader said he’s reached a tentative settlement with the bank over a...
Qualcomm Reaches $75M Settlement Over Sales and Licensing Practices June 19, 2024 By Jonathan Stempel Qualcomm agreed to pay $75 million to resolve a lawsuit in which shareholders accused the chipmaker of defrauding them by...