Category: Settlement
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Hawaiian Electric, others agree to $4 billion Maui wildfire settlement By Reuters
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(Reuters) – Hawaiian Electric Industries Inc said on Friday it is among defendants who have agreed to pay $4 billion to settle lawsuits related to deadly wildfires on Maui. The island’s utility and its parent company, Hawaiian Electric, are responsible for paying $1.99 billion of the pre-tax amount, which includes…
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Rubicon Organics Announces Debt Settlement Agreement
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 30, 2024 •…
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Bayer’s Monsanto unit to pay $160M settlement to Seattle over PCB pollution
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Sean Gallup/Getty Images News Bayer (OTCPK:BAYRY) (OTCPK:BAYZF) has agreed to pay $160 million to settle a lawsuit filed by the city of Seattle, Washington, which accused the company’s Monsanto unit of polluting the local Duwamish River with banned chemicals in what the city says is the largest such incident since…
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Oracle reaches $115 million consumer privacy settlement By Reuters
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By Jonathan Stempel (Reuters) – Oracle Corp has agreed to pay $115 million to settle a lawsuit accusing the database and cloud computing software company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action lawsuit was…
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XRP Skyrockets 40% As Speculation Of Ripple-SEC Settlement Gains Momentum
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XRP, at the center of a high-stakes legal battle with major implications for the industry, has taken the lead in the recent surge in cryptocurrency prices amid growing speculation that Ripple, the blockchain payments company behind XRP, may be close to Colony With US regulators. Legal dispute between Ripple and…
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Ripple Vs. SEC Could See Settlement This Thursday
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The ongoing legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) may end this week with a settlement between the two parties, as the SEC has scheduled a closed-door meeting for Thursday, July 18, 2024. Will Ripple’s Case Against the SEC Be Settled This Week?…
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Ripple Vs. SEC Could See Settlement This Thursday
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The ongoing legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) may end this week with a settlement between the two parties, as the SEC has scheduled a closed-door meeting for Thursday, July 18, 2024. Will Ripple’s Case Against the SEC Be Settled This Week?…
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Marathon Oil reaches $241M settlement over North Dakota environmental violations
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sharply_done/E+ via Getty Images The Biden administration said on Thursday that it $241.5 million settlement reached With Marathon Oil (New York:MRO) regarding alleged air quality violations at the company’s operations on the Fort Berthold Indian Reservation in North Dakota. US Environmental Protection Agency and Department of Justice He said the…
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Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A federal judge said on Tuesday that Visa Inc and Mastercard Inc could likely afford a “significantly larger” settlement with merchants who said they overpaid for card swiping fees than the $30 billion deal she rejected this week. US District Judge Margo Brody…
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SEC Lowers Settlement Demand To $103 Million
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A glimmer of hope emerged for Ripple Labs this week in its ongoing legal battle with the Securities and Exchange Commission. The SEC reduced the proposed settlement amount from a staggering $2 billion to a more manageable amount of $102.6 million. While this represents a significant concession, Ripple still faces…
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Gemini Agrees To $50 Million Settlement With New York AG
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The New York State Attorney General’s Office has obtained a nearly $50 million settlement with cryptocurrency exchange Gemini Trust Company, LLC (Gemini). This represents the latest development in a high-stakes lawsuit involving New York AG, Gemini, its former business partner Genesis Global Capital, and several other defendants. Gemini has been…
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Ripple Cites Terraform Labs’ Settlement to Lower Penalty Against It to $10 Million
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Ripple Labs is taking advantage of the recent settlement reached by the Securities and Exchange Commission (SEC) with Terraform Labs to reduce the proposed penalty against it of approximately $2 billion to $10 million, a “supplemental authority notice” published yesterday (Thursday) revealed. . A payment to reduce the settlement amount…
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The Future Is Uncertain For Terra Ecosystem After $4.47 Billion SEC Settlement Over LUNA, UST !
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Terra (LUNA) blockchain. Algorithmic stablecoin TerraUSD (UST) has been at the center of the turbulent saga in the cryptocurrency industry. The dramatic collapse of LUNA and UST in 2022 led to a massive financial crisis, wiping out billions of investors’ money. Following this, the US Securities and Exchange Commission (SEC)…
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The Future Is Uncertain For Terra Ecosystem After $4.47 Billion SEC Settlement Over LUNA, UST !
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Terra (LUNA) blockchain. Algorithmic stablecoin TerraUSD (UST) has been at the center of the turbulent saga in the cryptocurrency industry. The dramatic collapse of LUNA and UST in 2022 led to a massive financial crisis, wiping out billions of investors’ money. Following this, the US Securities and Exchange Commission (SEC)…
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Visa, Mastercard $30 billion fee settlement in peril By Reuters
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Written by Jonathan Stemple NEW YORK (Reuters) – Visa (NYSE:) and MasterCard (NYSE:)’s proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in jeopardy, after a New York judge signaled she was preparing to reject the agreement. U.S. District Judge Margo Brody in Brooklyn…
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Terraform Labs Announces Dissolution Following $4.7 Billion SEC Settlement
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Terraform Labs (TFL), the blockchain company that has been at the center of a long legal battle with the US Securities and Exchange Commission (SEC), has decided to dissolve its operations following a landmark settlement agreement. the Colonywhich was valued at a staggering $4.47 billion, ended more than a year…
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Canada Shifts to T+1 Settlement Cycle, US to Follow Tomorrow
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Canada has moved to a T+1 settlement cycle for equity and long-term debt market trades. The shift, which is in line with similar regulatory changes in the US, promises to simplify the settlement process and reduce the risks associated with delayed trades. Improving market liquidity The Canadian Securities Administrators (CSA)…
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New York Attorney General Reaches $2 Billion Settlement with Genesis Global
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New York Attorney General Letitia James announced on Monday that her office has obtained a $2 billion settlement with bankrupt cryptocurrency company Genesis Global. The agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 billion settlement In a post on social…
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New York Attorney General Reaches $2 Billion Settlement with Genesis Global
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New York Attorney General Letitia James announced on Monday that her office has obtained a $2 billion settlement with bankrupt cryptocurrency company Genesis Global. The agreement comes in response to allegations that Genesis defrauded investors, including tens of thousands of New Yorkers. $2 billion settlement In a post on social…
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Genesis Hits the Wall with $2 Billion Settlement, Shown the Door in New York
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