Litigation-Business
N.C. Judge First to Favor Policyholders in COVID-19 Closure Lawsuit
NewsA judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit.
Goldman Sachs Agrees to Record $2.9B DOJ Settlement
NewsThe international investment bank Goldman Sachs agreed to pay $2.9 billion and admit wrongdoing for its involvement in the plundering of an economic development fund meant to benefit Malaysia.
Whittier to Pay $28M to Family of San Pedro Grandmother Killed by Falling Tree
NewsFamily members of a 61-year-old San Pedro grandmother who was killed by a falling 80-foot tree at her daughter’s 2016 wedding party in Whittier have reached a tentative $28 million settlement with the city.
OxyContin Maker Pleads Guilty, and Will Pay $8B and Close Company
NewsPurdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation’s opioid crisis and will pay more than $8 billion and close down the company.
Attorney Prominent in the Crowdfunding Sector is Target of SEC Enforcement Action
NewsThe Securities and Exchange Commission (SEC) issued a litigation release today alleging charges of microcap fraud that involved an attorney prominent in the US crowdfunding sector.
U.S. Says Google Breakup May be Needed to End Violations of Antitrust Law
NewsThe U.S. sued Google on Tuesday, accusing the $1 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.
Samsung Sued for Patent Infringement on Contactless Payment Method
NewsFCyber Corp. filed a complaint for patent infringement against Samsung alleging that Samsung infringed its contactless payment method via its Samsung Pay service on its mobile devices.
Nordictrack Owner Sues Peloton for Allegedly Stealing Bike Features
Newshe maker of NordicTrack and other in-home fitness brands has sued Peloton, claiming its cycling rival stole features for its newest stationary bike.
Ex-Employee Files $1.4 M Suit, Alleging Portland Car Dealership Covered Up Coronavirus Outbreak
NewsA finance manager at a used car dealership in Portland was fired by his boss during a staff meeting for questioning the company’s alleged cover-up of a coronavirus cluster.
Pilgrim’s Announces Agreement with DOJ Antitrust Division
NewsPilgrim’s Pride Corporation has entered into a plea agreement with the US Department of Justice Antitrust Division in respect to its investigation into the sales of broiler chicken products in the US.
Nissan’s U.S. Lending Arm to Pay $4 Million Fine Over Improper Repossessions
NewsNissan Motor Co’s U.S. lending arm agreed on Tuesday to pay a $4 million U.S. fine to settle a government agency’s allegation that it improperly repossessed hundreds of consumers’ vehicles.
Prime Ordered to Notify Drivers $28M Settlement is Legit
NewsA U.S. District Court judge has ordered New Prime to send letters to 30,000 truck drivers to let them know that a $28 million settlement involving the Springfield, Mo.-based trucking company is legitimate.
Opioid Manufacturer Mallinckrodt Agrees to $1.6B Settlement
NewsGeneric opioid manufacturer Mallinckrodt has agreed to a $1.6 billion settlement to resolve a host of lawsuits that arose in response to tens of thousands of deadly opioid overdoses nationwide fueled, in part, by prescription drugs.
$56M Settlement with Columbia Gas Over Merrimack Valley Gas Explosions Approved
NewsA $56 million settlement that requires the natural gas utility found responsible for a series of explosions and fires in Massachusetts in 2018 has been approved by the state Department of Public Utilities.
Class Settlement of Florida Hospital Overcharge Suit Approved
NewsMayo Clinic Jacksonville and a proposed class of 371 patients it treated for motor vehicle accident injuries received preliminary approval of a settlement involving claims the health-care provider overcharged them.
Johnson & Johnson to Pay $100M in Baby Powder Settlement
NewsJohnson & Johnson will pay out over $100 million to settle more than 1000 lawsuits that claim the pharmaceutical giant’s baby powder caused cancer.
Baltimore Attorney Facing Federal Indictment for Attempted Extortion
NewsA federal grand jury has indicted Stephen L. Snyder, age 72, of Miami Beach, Florida, on the federal charges of attempted extortion and interstate travel and use of an interstate facility to carry on unlawful activity, also known as the Travel Act.
South Florida Lawyer Charged with Fraud Related to 1 Global Capital Investment Scheme
NewsA Florida attorney and former outside counsel for 1 Global Capital LLC (1 Global), has been charged today with conspiring to commit wire fraud and securities fraud in connection with an investment fraud scheme that, as alleged, impacted more than 3,600 investors in 42 different states, and involved him personally and fraudulently raising more than $100 million from investors.
Sargeant Marine Pleads Guilty to FCPA Charges and Agrees to Pay $16.6M
NewsSargeant Marine, an asphalt company, plead guilty to one count of conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine of $16.6 million for bribery schemes in Brazil, Venezuela and Ecuador.
State Gets $1.9 Million as Share of Data Breach Settlement
NewsKentucky will receive more than $1.9 million as its share of a settlement with a company over a data security breach that compromised the personal information of 78.8 million Americans.
