TD Bank’s historic $3B money laundering settlement too lenient, senator says
TD Bank is the 10th largest bank in the country, and at one time was a top choice for criminal organizations laundering drug money, according to federal prosecutors. The bank's $3 billion plea deal shocked the financial world, with one U.S. senator accusing the Justice Department of “absurd legal gymnastics” that had gone soft on […]
PA Education Department drops requirement for teachers to adopt ‘woke’ guidelines as part of suit settlement
The Pennsylvania Department of Education (PDE) has agreed to rescind its obligation to schools to enforce instructional guidelines deemed “questionable” in a recently settled lawsuit. Pennsylvania officials had asked schools to adopt a set of instructions on how to approach education based on the Framework Guidelines for Culturally Relevant and Sustainable Education Programs (CR-SE). The […]
McKinsey nears $600m settlement with US government over role in opioid crisis | Opioids crisis
McKinsey & Co. is in the final stages of negotiating a deferred prosecution agreement to resolve a U.S. criminal investigation into the consulting firm's work that helped boost sales for opioid manufacturers that are said to have contributed to a deadly addiction epidemic. Officials have revealed that there are. McKinsey & Co. is in talks […]
TNT to keep NBA rights in settlement deal — but with a major twist
Warner Bros. Discovery, the parent company of TNT, announced Monday that it will maintain access to coveted National Basketball Association content for another 11 years under a settlement agreement with the league, but will no longer be available in the U.S. The match will not be televised. However, the new deal will allow WBD to […]
Sam Bankman-Fried Henchman to Forfeit $70 Million, Yacht in Settlement
Former Alameda Research co-CEO Sam Trabucco will forfeit his 53-foot yacht and waive claims worth $70 million in a proposed settlement with the FTX Bankruptcy Foundation. Sales too include Two apartment buildings in San Francisco, California, valued at $8.7 million. “Following constructive, arm’s-length negotiations, the Debtor, FTX DM and Trabucco have reached an agreement that […]
Insurer Blue Cross Blue Shield agrees to $2.8bn antitrust settlement – The Guardian US
U.S. insurer Blue Cross Blue Shield will pay $2.8 billion to settle an antitrust class action lawsuit that claims hospital systems, doctors and other health care providers were not reimbursed. They agreed, the plaintiffs said in a recent filing in Alabama federal court. The settlement is the largest ever in a medical antitrust case, they […]
Walmart reaches opioid shareholder settlement
Walmart on Friday agreed to a settlement regarding the distribution of prescription opioids, according to a Security and Exchange Commission filing. this settlement The lawsuit includes three separate shareholder lawsuits alleging that Walmart does not adequately supervise the distribution and distribution of prescription opioids under the Controlled Substances Act. The agreement still requires court approval. […]
Elon Musk’s X, Unilever reach settlement after left-leaning ad boycott dustup
Elon Musk's X Company announced Friday that it has reached a settlement with Unilever in the social media company's wide-ranging federal antitrust lawsuit against a left-wing advertising cartel and several companies accused of orchestrating an ad boycott. The antitrust lawsuit, filed in Texas federal court in August, was filed by the left-wing Global Alliance for […]
Deshaun Watson reaches settlement with latest sexual assault accuser
Deshaun Watson has settled his latest civil lawsuit alleging sexual assault, according to multiple reports. The latest allegations stem from an alleged incident that occurred in 2020 while the anonymous plaintiff was on a date with the Browns quarterback last month. “We have now resolved our client's claims with Deshaun Watson,” said Tony Buzbee, the […]
Chevy and GMC truck owners could get up to $12,700 as part of $35M settlement
(WHTM) – Owners of certain Chevrolet and GMC trucks can claim a $35 million settlement over claims that General Motors concealed defects in high-pressure fuel injection pumps. Plaintiffs in the class action lawsuit allege that the component, known as the CP4 pump, is “unreasonably fragile and prone to catastrophic failure.” When pump parts rub against […]