settlement

NatWest Resolves Controversy with Nigel Farage: A CEO's Dismissal and the Aftermath

7 days ago

In a significant development, NatWest, the prominent British banking institution, has reached an agreement to settle its contentious dispute with former Brexit Party leader Nigel Farage. This incident, which has seen ripples across the political and financial landscapes, notably contributed to the ousting of the bank's CEO, Alison Rose, from her position.

Purdue Pharma Proposes $7 Billion Settlement in Opioid Lawsuit, Involving Sackler Family Contributions

15 days ago

Purdue Pharma, the pharmaceutical company at the center of the opioid crisis in the United States, has put forth a detailed plan to address lawsuits filed against it by various states and municipalities. The proposal includes an unprecedented commitment of up to $7 billion from the Sackler family, the owners of Purdue Pharma. This significant move is aimed at resolving thousands of legal claims tied to the widespread addiction crisis that has devastated countless families and communities across the country.

Controversial Johnson & Johnson Talc Settlement Criticized by Former FDA Head

1 month ago

In a significant development surrounding the long-standing litigation involving Johnson & Johnson (J&J) and its talc products, former FDA Commissioner, Dr. Scott Gottlieb, has expressed strong disapproval of the recent settlement reached by the company. This settlement is purportedly aimed at resolving thousands of lawsuits that allege a link between J&J's talc-based products and cancer, specifically ovarian cancer.

OKX Faces $500 Million Penalty Following Guilty Plea for Cryptocurrency Crimes

1 month ago

In a significant turn of events within the cryptocurrency industry, OKX, one of the leading digital asset exchanges, has announced a staggering settlement payment of $500 million. This move comes as the platform grapples with the repercussions of a guilty plea related to serious allegations of crypto-related crimes.

Mastercard Secures UK Court Approval for $200 Million Settlement in Landmark Class Action Case

1 month ago

In a decisive move for both Mastercard and its customers, the UK High Court has granted approval for a monumental settlement of approximately $200 million aimed at putting an end to ongoing class action claims. This agreement is seen as a pivotal moment in the company's efforts to resolve allegations that it had engaged in anti-competitive practices that led to inflated card processing fees affecting millions of consumers.

Major Banks Reach $100 Million Settlement in UK Gilts Collusion Investigation

1 month ago

In a significant turn of events, four well-known banks have agreed to settle a case regarding collusion in the UK government bond market, known as gilts, for over $100 million. This agreement comes after various allegations claimed that these financial institutions engaged in coordinated practices that undermined market integrity and fair competition.

Mastercard Under Fire: $200 Million Settlement Amid $10 Billion Antitrust Case

1 month ago

Mastercard Inc. is currently facing intense scrutiny following a proposed $200 million settlement concerning a major antitrust lawsuit that has the potential to reach a staggering $10 billion. This proposed settlement has sparked a heated debate among several state attorneys general, who argue that the agreement might not be sufficient to adequately compensate the millions of consumers allegedly harmed by Mastercard’s business practices.

Settlement from Lutnick Allows Him to Retain $50 Million Bonus Amid Controversy

2 months ago

In a recent development, Howard Lutnick, the CEO of Cantor Fitzgerald, has reached an amicable settlement concerning a disputed $50 million bonus linked to Newmark Group Inc., a commercial real estate services firm. The settlement not only clears the air over financial disputes but also allows Lutnick to retain the hefty sum that has been under scrutiny.

Bankruptcy Negotiations Heat Up: J&J's Talc Deal Faces Rejection from Holdouts

2 months ago

In a significant twist within the ongoing legal saga surrounding Johnson & Johnson's talc powder products, a group of objectors has risen to prominently challenge the company’s proposed $8.9 billion settlement aimed at resolving claims related to cancer risks associated with its talc products. The objection comes during the company's bankruptcy proceedings, where J&J has sought to establish a trust fund to compensate thousands of claimants alleging health issues linked to talc use.

Cantor Fitzgerald's Lutnick Reaches Settlement in $50 Million Newmark Bonus Dispute

2 months ago

In a significant development for the financial world, Howard Lutnick, the CEO of Cantor Fitzgerald and Newmark Group, has reached a settlement regarding a contentious $50 million bonus. This matter stemmed from Lutnick's legal fallout with his former partners, who initiated the lawsuit last year, claiming that Lutnick had engaged in wrongful conduct associated with the lucrative bonus package that was tied to Newmark's financial success.