settlement

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Feds, BofA Strike $17B Settlement

Justice announces largest deal it's ever reached

(Newser) - The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. The deal announced today calls for the bank, the second-largest in the US, to pay a $5 billion cash...

BofA, Feds Near Biggest Settlement in US History

Justice Dept. deal would cost bank $16B-$17B for foreclosure mess

(Newser) - Bank of America is headed toward the biggest settlement to arise from the 2008 financial crash, a deal with the Justice Department reportedly worth $16 billion to $17 billion over its role in the sale of mortgage-backed securities, a source directly familiar with the matter tells the AP . The tentative...

NCAA Reaches $70M Settlement Over Head Injuries

Organization will pay for athletes' health testing

(Newser) - The NCAA has reached a deal in a lawsuit brought by former players: The organization will pay to test athletes for brain trauma on the field. Though it admits no wrongdoing in the settlement, the NCAA will establish a $70 million fund to cover the tests, the AP reports. The...

Actor, Macy's Settle Racial Profiling Lawsuit

Robert Brown settles, but no terms disclosed

(Newser) - One of the people who says he experienced racial profiling at Macy's just so happens to be an actor—and his lawsuit against the company, which made headlines last summer, has now been settled. Robert Brown, who appeared on HBO's Treme, said he bought a $1,300 watch...

Citi to Pay $7B Fine Shaped by ... Benghazi Arrest?

Justice Department delayed lawsuit for publicity reasons

(Newser) - Citigroup today agreed to shell out $7 billion to settle allegations stemming from its role in the mortgage crisis. The deal will consist of $4.5 billion in cash and $2.5 billion in consumer relief, the Wall Street Journal reports. The penalty is notably lower than the $13 billion...

Four Loko: We Won't Use Santa in Our Ads

And, more importantly, won't market on campuses

(Newser) - Amid controversy over its combination of caffeine and alcohol, the makers of Four Loko announced it was dropping caffeine from the equation in 2010. But authorities weren't finished with Phusion Projects: Now, the company has agreed to a raft of new marketing rules, the Los Angeles Times reports. The...

Teen's Facebook Post Costs Dad $80K

She violated his settlement's confidentiality clause, told school to 'SUCK IT'

(Newser) - Usually, the worst an ill-advised Facebook post can do is embarrass you (assuming you haven't committed a crime ). But recent prep school grad Dana Snay cost her father $80,000 when she made the mistake of talking about her dad's wrongful termination settlement with Gulliver Preparatory School,...

Too Little: NFL's $765M Concussion Deal Scrapped

She worries it's too little to cover 20K players

(Newser) - A federal judge today rejected a $765 million settlement between the NFL and players who suffered concussions, but maybe not for the reason one might think: US District Judge Anita Brody scrapped the deal on the grounds that the funds wouldn't be sufficient to cover nearly 20,000 players...

JPMorgan Agrees to Record Financial Crisis Penalty

Company officially strikes $13B settlement

(Newser) - Quick, somebody #AskJPM how it feels to pay the largest civil settlement in history . JPMorgan Chase & Co. has reached a record $13 billion deal with federal and state authorities, resolving claims over the bank's sales of mortgage-backed securities that collapsed during the US housing crisis. It is the...

JPMorgan, DoJ Strike 'Tentative' $13B Deal

Doesn't exempt bank from criminal prosecution

(Newser) - JPMorgan Chase has reached a tentative $13 billion deal with the Department of Justice to settle its various civil investigations into the bank's mortgage-backed securities business, a sources tells the Wall Street Journal (and Reuters and Politico ; apparently this meeting was leakier than a rowboat made of Swiss cheese)....

Beanie Babies Owner to Pay $53M Over Secret Account

Ty Warner will plead guilty to felony tax evasion charges

(Newser) - Creating Beanie Babies helped Ty Warner become the 209th richest man in America as of this year, with a net worth of $2.6 billion, according to Forbes . But a penalty will chip away at that sum: Warner has agreed to pay $53.5 million and plead guilty to tax-evasion...

Lawyers Halted From Taking $2.7M of $3M Settlement

Pampers class-action suit settlement thrown out

(Newser) - It turns out there is a limit to how shameless lawyers can be in paying themselves in class action lawsuits. A federal appeals court last week threw out a $3 million settlement that Procter & Gamble had agreed to in a class-action suit over its allegedly rash-inducing Pampers Dry Max...

Big Winner in Occupy's Lawsuits: the Lawyers

NYC to settle 3 suits for $350K, but lawyers walk with more than $230K

(Newser) - New York City will shell out $350,000 to settle three lawsuits brought by Occupy Wall Street protesters—who will walk away with a just portion of that. The protesters sued over seized property that was never returned or became damaged during the Nov. 15, 2011, police raid on the...

Lewd 'Tasting Game' Claims Cost LA District $30M

Victims to each get $470K settlement in Mark Berndt case

(Newser) - Los Angeles Unified School District has reached a $30 million settlement in the case of former third-grade teacher Mark Berndt, who is accused of of spoon-feeding children his own semen during what he called "tasting games." The arrangement, pending court approval, will settle 58 of the 191 claims...

O'Keefe Pimp Video Just Cost Him $100K

James O'Keefe to settle lawsuit filed by Juan Carlos Vera

(Newser) - James O'Keefe made a name for himself when he dressed up like a pimp and secretly filmed ACORN offices in 2009. Turns out one of those videos is going to cost him $100,000. That's how much he has agreed to pay former ACORN employee Juan Carlos Vera,...

Animal Rights Group Pays Circus $9.3M

ASPCA settles lawsuits with Ringling Bros.

(Newser) - An animal rights group has paid $9.3 million to settle two federal court cases over the treatment of circus elephants, CNN reports. Feld Entertainment Inc., which owns Ringling Bros. and Barnum & Bailey Circus, is trumpeting the settlement with the American Society for the Prevention of Cruelty to Animals...

Toyota Settles for Record $1.1B Over Defects

Car company has recalled over 14M risky vehicles

(Newser) - A plaintiffs' attorney says Toyota Motor Corp. has reached a settlement in a case involving hundreds of lawsuits over accelerations problems. Steve Berman said today the settlement, which still needs a federal judge's approval, was worth more than $1 billion and is the largest settlement in US history involving...

Strauss-Kahn Settles Civil Suit
 Strauss-Kahn Settles Civil Suit 
Dec 10, 2012 2:12 PM CST

Strauss-Kahn Settles Civil Suit

Figure rumored to be several million dollars

(Newser) - The saga of Dominique Strauss Kahn's alleged rape of housekeeper Nafissatou Diallo came to a close today, at least as far as the law is concerned, with Strauss Kahn settling a suit from Diallo for an undisclosed sum. Diallo arrived at a Bronx courthouse today wearing a leopard-print scarf,...

Maid Settling Strauss-Kahn Suit, Likely for Millions

Move also ends New York Post spat

(Newser) - The hotel maid who sued Dominique Strauss-Kahn for alleged sexual assault is due to sign off on a multimillion-dollar settlement today, the New York Daily News reports. A Bronx court has called for an interpreter for Nafissatou Diallo, pointing to an end to the case. An earlier report, denied by...

Strauss-Kahn, Hotel Maid Saga Coming to End

Legal wrangling could finally be over as news of settlement emerges

(Newser) - The criminal charges were dropped last year; now, Dominique Strauss-Kahn and hotel maid Nafissatou Diallo are settling her lawsuit over claims he tried to rape her, a source tells the AP . The settlement, whose terms are likely to be kept secret, is poised to mark the end of a long...

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