Category: Settlement
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EAT & BEYOND ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF UNITS AND ANNOUNCES DEBT SETTLEMENT
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on January 17, 2025 • 3 minutes…
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Apple agrees to £77M settlement over alleged Siri eavesdropping
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Apple has pledged to pay $95 million (£77 million) to settle a US class action lawsuit alleging its virtual assistant Siri recorded private conversations without users’ consent. The proposed settlement, filed in federal court in Oakland, California, comes after a five-year legal dispute that covers tens of millions of Apple…
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BioNTech to pay $467M in settlement agreement with University of Pennsylvania
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https://www.tipranks.com/news/the-fly/biontech-to-pay-467m-in-settlement-agreement-with-university-of-pennsylvania In a regulatory filing, BioNTech (BNTXHe said, “BioNTech previously disclosed that it was in discussions with the University of Pennsylvania regarding royalties and other related amounts allegedly owed on sales from the company and its collaborative partner, Pfizer (PFE) Covid-19 vaccine since its marketing. On December 23, 2024, the…
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Abbott, DexCom settlement ‘not a complete surprise,’ says Wells Fargo
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https://www.tipranks.com/news/the-fly/abbott-dexcom-settlement-not-a-complete-surprise-says-wells-fargo Wells Fargo Abbott notes (Abt) and Dexcom (DXCM) revealed that on December 20, they reached a settlement and entered into a cross-licensing agreement to resolve all pending patent litigation in the United States and Europe for a period of 10 years. Under the agreement, the two companies granted each…
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Google remedy proposals leave little room for settlement, says Wells Fargo
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https://www.tipranks.com/news/the-fly/google-remedy-proposals-leave-little-room-for-settlement-says-wells-fargo Wells Fargo notes that Google has submitted a court filing and company blog detailing proposed remedies in the search case brought by the Department of Justice. The company believes that Google’s proposals leave little room to negotiate a settlement with the Department of Justice and would likely guarantee an…
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Gambling Commission seeks settlement with Richard Desmond over £200m lottery licence dispute
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The UK Gambling Commission is preparing to settle a £200 million legal claim from media tycoon Richard Desmond in relation to the award of a National Lottery licence, with the aim of resolving a dispute that has hampered technological upgrades. The UK gambling regulator is reportedly moving to settle a…
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Gambling Commission seeks settlement with Richard Desmond over £200m lottery licence dispute
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The UK Gambling Commission is preparing to settle a £200 million legal claim from media tycoon Richard Desmond in relation to the award of a National Lottery licence, with the aim of resolving a dispute that has hampered technological upgrades. The UK gambling regulator is reportedly moving to settle a…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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Southwest and activist investor Elliott begin settlement talks
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Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline’s board, according to people familiar with the matter. Elliott proposed a framework that would give her representation on Southwest’s board but not control, said some of the…
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GSK shares jump after settlement of 80,000 Zantac lawsuits in U.S By Reuters
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(Reuters) – GlaxoSmithKline shares rose 6 percent on Thursday after the British drugmaker agreed to pay up to $2.2 billion to settle lawsuits in the United States alleging that the discontinued heartburn drug Zantac causes cancer. The agreement, announced on Wednesday, was well below some analysts’ estimates, including JPMorgan’s forecast…
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Steward Health Care’s settlement deal with landlord MPT receives court approval
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U.S. hospital operator Steward Health Care has received court approval for a settlement with its owner, Medical Properties Trust (MPT), amid ongoing bankruptcy proceedings. U.S. Bankruptcy Judge Christopher Lopez approved the agreement, which allows Steward to move forward with the sale of the hospital operations. This comes on the heels…
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US states reach $1b crypto fraud settlement, owner promises refunds
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Five US states have reached a settlement with the owner and operators of an alleged $1 billion cryptocurrency investment scheme. The plan, led by Josip Hit and his GSB group, lured investors with promises of tokenized fractional ownership in a skyscraper, investments in the metaverse, and a cryptocurrency that was…
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US states reach $1b crypto fraud settlement, owner promises refunds
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Five US states have reached a settlement with the owner and operators of an alleged $1 billion cryptocurrency investment scheme. The plan, led by Josip Hit and his GSB group, lured investors with promises of tokenized fractional ownership in a skyscraper, investments in the metaverse, and a cryptocurrency that was…
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Johnson & Johnson adds $1.1 billion to proposed talc settlement By Reuters
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By Mike Spector and Dietrich Knuth (Reuters) – Johnson & Johnson plans to pay an additional $1.1 billion to settle tens of thousands of lawsuits alleging that the company’s baby powder and other talc products cause cancer, two people familiar with the matter said. Johnson & Johnson said Wednesday it…
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Judge agrees to move wildfire settlement questions to Hawaii Supreme Court
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My Photographer Friend/iStock via Getty Images A Maui judge on Friday ruled to allow the Hawaii Supreme Court to rule on a matter holding up a $4 billion wildfire settlement that was first reached a little over a month ago. Judge Peter Cahill in Maui agreed. to ask the state…
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Landas lab-grown diamonds co LUSIX seeks debt settlement
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Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices fell by 90% on global markets. Beneland’s Lab Grown Diamond (LGD) Product Lucix Losix is expected to seek a settlement after failing to raise money from existing investors led by…
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Exclusive-Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs By Reuters
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By Tom Sims FRANKFURT (Reuters) – Deutsche Bank has made a settlement offer to shareholders suing Germany’s largest lender over unpaid fees for its acquisition of Postbank, the plaintiffs’ lawyer said on Friday. Lawyer Jan Bayer (OTC:) dismissed the bank’s offer as “crazy” and “dead from the moment it arrived.”…
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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
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My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…
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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
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My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…