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Hawaiian Electric raises going concern risk over Maui wildfire settlement financing

Maui business owner Javier Cantelops talks in “Cavuto: Coast to Coast” about why the island needs to bring tourists back for business. Hawaiian Electric The company said it still had no plans to raise funds for the $1.99 billion Maui wildfire settlement it agreed to earlier this month, and cited going concern risks in its […]

Cash App settlement: Are you eligible to claim up to $2,500?

(NEXSTAR) — Have you used Cash App since 2018? You may be eligible to get a share of the $15 million settlement agreed to by Block Inc. (which owns Cash App) after being sued for negligence following two data breaches. According to the class action lawsuit, Block and Cash App Investing were “negligent and in […]

2023 Lahaina Wildfire Lawsuits Nearing $4 Billion Settlement

Hawaii’s Democratic governor said Wednesday that parties in a lawsuit over the 2023 wildfires are close to a settlement. The lawsuit was filed against the state, Maui County and public utilities in response to a devastating wildfire that ravaged Lahaina in August 2023 and caused devastating damage to residents, according to the Associated Press. report […]

Attorney General Ken Paxton Reaches $1.4 Billion Settlement with Mark Zuckerberg’s Meta

Texas Attorney General Ken Paxton (Republican) announced that Facebook has won a $1.4 billion settlement from Mark Zuckerberg’s Meta over privacy concerns about the company’s collection of facial and biometric data from Texas users without their consent. “We secured a $1.4 billion settlement with Meta to stop the company from collecting and using the personal […]

$335 million UFC antitrust settlement denied in ‘unusual step’

Rebook the match. Four months after UFC and plaintiffs settled a long-running antitrust lawsuit against the mixed martial arts giant by paying past and current athletes $335 million, U.S. District Judge Richard Bowlwer in Las Vegas declined to tentatively approve the settlement terms late on Tuesday night. In a surprising move during the July 12 […]

NCAA releases details of proposed $2.78 billion settlement with former athletes

The NCAA and its top five conferences have proposed paying about $3 billion to former athletes to settle a class-action antitrust lawsuit. The proposed agreement would regulate payments from boosters while also paving the way for schools to directly compensate athletes. “NCAA college athletes have waited decades for this moment, and now they are finally […]