Commercial
Boeing To Pay $2.5 Billion Settlement Over Deadly 737 Max Crashes
NewsBoeing will pay more than $2.5 billion to settle a criminal charge related to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people.
General Electric Agrees to Pay $200M Fine for Misleading Investors
NewsThe SEC announced that GE has agreed to pay a $200M penalty to settle charges for misleading investors regarding the profitability and risks to some of its core business lines.
Southern California Edison Settles 2017 Wildfire, 2018 Mudslide Claims for $1.1B
NewsSouthern California Edison will pay over $1 billion to settle litigation over the 2017 Thomas and Koenigstein fires and subsequent mudslides that followed in the community of Montecito.
$72.5M Class Action Settlement Fund Announced Covering Past Emtal Industrial Talc Litigation
NewsA preliminarily approval of a class action settlement between BASF Catalysts, LLC and Cahill Gordon & Reindel LLP and Plaintiffs to create a non-reversionary fund of $72.5 million has been reached.
E-Signatures White Paper: Beyond Business Continuity
InsightOneSpan has published a white paper titled “Beyond Business Continuity, The New Normal in Remote Banking and Insurance” and made it available for downloading at no charge.
The Potential Divorce of Simon and Taubman
News
Simon Property Group, Inc. (“Simon”) wants out of a deal to acquire its competitor, Taubman Centers, Inc. (“Taubman”), due to the COVID-19 pandemic.
UBS Agrees To Pay $10M To Settle Bonds Sale Violation Charges With SEC
News
A unit of UBS Group AG is paying $10 million to settle charges with the United States Securities and Exchange Commission that it broke rules concerning giving priority to small investors in the purchase of municipal bonds.
Tezos Likely Avoiding SEC Action With $25M Class-Action Lawsuit Settlement
News
The Tezos class-action lawsuit from law firm Block & Leviton will likely conclude in a $25-million settlement on August 27.
A.G. Healey Gets $380K Settlement with Company that Failed to Hire Minority and Woman Subcontractors
News
Attorney General Maura Healey has reached a $380,000 settlement with a Canton-based building contractor accused of falsely claiming they had hired minority- and women-owned subcontractors as required on a $15 million dollar state project.
Equifax To Pay Mass. $18.2 Million In Settlement, AG Healey Announces
News
Equifax will pay Massachusetts $18.2 million and change its security practices as part of a settlement between the credit reporting agency and the state stemming from a major 2017 data breach, Attorney General Maura Healey announced Friday.
Levy Konigsberg LLP Upholds $3.3M Verdict Against Whittaker Clark & Daniels, Inc. for Toxic Talcum Powder
News
On April 9th, 2020 the New York Supreme Court, Appellate Division, First Department, affirmed the trial court’s decision in Nemeth v. Brenntag North America, et al., Case No. 9765, New York County Index No. 190138/14, denying the defendant’s post-trial motions.
Opioid Settlement Offer Provokes Clash Between States and Cities
News
The three giant drug distributors are negotiating a deal with the states to end thousands of opioid lawsuits nationwide, in which they would pay $19.2 billion over 18 years and immediately submit to stringent monitoring requirements to assure that suspicious orders for prescription opioids would be halted.
$143 Million Columbia Gas Settlement Gets Final Approval From Judge
News
“A $143 million settlement between Columbia Gas and thousands of people affected by the company’s 2018 pipeline disaster in the Merrimack Valley received final approval from a state judge on Thursday.
Law firm praises Dennard informant Gableman: ‘It takes courage for citizens to come forward’
News
Tom Gabelman, an attorney who works for the Board of Hamilton County Commissioners, is the unnamed informant in court documents outlining how Cincinnati City Councilwoman Tamaya Dennard sold her vote on a development deal for cash, his law firm.
Tightening Up Contracts in a Hardening Insurance Market
Insight
Jason Reeves and Helen Campbell of Zelle LLP offer some advice on commercial property insurance contracts in the firm’s Articles.
Solar Company Executive Pleads Guilty to Defrauding Investors of $1 Billion
News
DC Solar Solutions of California made solar generators mounted on trailers that provided event lighting and emergency power for communications companies.
HP Wins $439 Million As Judge Triples Jury Price-Fix Award
News
Sony, Panasonic and some other disk-drive makers settled with HP over the past decade. Only Taiwan-based Quanta chose to go to trial.
Another ‘Unsigned Agreement’ Held Enforceable Where the Parties Intended to be Bound, Despite Not Signing
News
Written agreements without the “not bound until signed or executed” clause is risky business, James W. Wicks of Farrell Fritz writes.
The Biggest Supreme Court Cases to Watch in 2020
News
The Supreme Court will hear a slate of highly charged disputes when the justices return to the bench in the new year and resume one of the most politically volatile terms in recent memory.
Wave Goodbye to Unenforceable Mineral Lien Waivers
Insight
A post on the Gray Reed website covers an opinion that will have profound impacts on mineral liens and contractual provisions purporting to waive mineral liens.
