Oil Companies to Pay State $15 Million to Settle Water Pollution Allegations

“A trio of fossil fuel companies are set to pay the state $15 million to settle a federal lawsuit brought by Attorney General Peter Neronha over allegations that they polluted groundwater supplies in Rhode Island with a gasoline additive that has been linked. Methyl tertiary-butyl ether was,” reports Alex Kuffner in The Providence Journal.

“It was mixed with gasoline to boost engine performance, but the chemical was known to leak from underground fuel storage tanks at gas stations and contaminate water aquifers and soils. The most notable instance in Rhode Island occurred in Burrillville in 2001, which resulted in the closure of the only well that supplied the village of Pascoag.”

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iCloud Class Action Lawsuit Sees Apple Agree to Pay $14.8M to Paid Tier Subscribers

“An iCloud class action lawsuit has been settled out of court, with Apple agreeing to pay a total of $14.8M to US residents subscribing to one of the paid storage tiers during a specific time period. The payout was agreed upon after it was alleged that Apple breached the service terms and conditions by storing,” reports Ben Lovejoy in 9 t0 5 Mac.

“Apple has agreed to a $14.8 million settlement for breach of contract regarding the iCloud Service that Apple provides to its users. The crux of the case is that Apple breached the iCloud Terms and Conditions by storing iCloud user data using third-party servers rather than its own. The settlement includes anyone who paid for a subscription.”

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The Woman Who Turned Down Her Share of a $6bn Settlement to Fight the Family Behind the Opioid Crisis

“A Cottage outside Floyd, Virginia, is a tranquil stage-set for Ellen Isaacs to wage one of the longest-running wars of the opioid epidemic: the battle to hold OxyContin-maker Purdue Pharma, its owners and executives, to just account. It’s battle that Isaacs, a former mortgage fraud expert at Citigroup has,” reports Edward Helmore in The Guardian.

“The Securities and Exchange Commission last week proposed new rules that could put law firms, investment banks and other advisers on the hook for the lofty projections SPACs have used that aren’t allowed for traditional IPOs. Citibank will pause new SPAC IPOs, Bloomberg News reported this week, citing uncertainty around legal liability.”

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Oregon Pays Record Settlement of Nearly $23 Million in Lawsuit Filed by Former Medicaid Insurer

“The Oregon Health Authority has agreed to a record settlement of nearly $23 million in a long-running lawsuit filed by FamilyCare, Inc., a former Medicaid insurer. The suit alleged the health authority used bad data which resulted in the agency underpaying FamilyCare. The company insured about,” reports Lynne Terry in Oregon Capital Chronicle.

“In 2017, FamilyCare sued the health authority in Marion County Circuit Court, its second suit against the agency. The case was transferred to the U.S. District Court in Eugene in 2018. It was due to go to trial next month. FamilyCare’s latest amended complaint sought $125 million in damages. Robb Cowie, lead spokesman for the.”

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BlackBerry will Pay $165M to Settle Lawsuit over BlackBerry 10 Smartphone

“BlackBerry Ltd. says it has reached a deal to settle a drawn-out class action lawsuit alleging the company defrauded shareholders by making misleading claims about its BlackBerry 10 smartphones. Under the agreement in principle, the Waterloo, Ont., software company says it would pay $165 million to settle,” reports Global News in their blog.

“BlackBerry says it believes the allegations in the case are without merit but says the settlement would eliminate the distraction, expense and risk of continued litigation. It alleged that the company made a series of materially false and misleading statements and omissions concerning its now discontinued BlackBerry 10 smartphones that inflated.”

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Glumetza Price Fixing $453M Class Action Settlement

“Three pharmaceutical companies agreed to pay a combined $453 million as part of a settlement to resolve claims that they suppressed generic versions of Glumetza. The settlement benefits entities who purchased generic or brand-name Glumetza directly from Bausch, Lupin, or Oceanside between May 6,” reports Top Class Actions in their blog.

“The following companies are excluded from the Class: Albertsons Companies Inc., Albertsons LLC, CVS Pharmacy Inc., H-E-B L.P., Humana Pharmacy Inc., Hy-Vee Inc., The Kroger Co., Rite Aid Corp., Rite Aid Hdqtrs. Corp., R&S Northeast LLC., and Walgreen Co. Glumetza is an extended release form of metformin used to treat type 2.”

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TikTok Consumer Privacy Litigation Counsel Moves for Fees After Initial Approval of $92M Settlement

“Late last week, the three law firms spearheading a TikTok consumer privacy suit, which accused the company of  illegally sharing users’ data with the Chinese government, moved for an award of attorneys’ fees of 33.33% of the non-reversionary $92 million settlement. The filing stresses that plaintiffs,” reports Christina Tabacco in Law Street.

“Counsel investigated and developed the case on their own, engaged in over a year of litigation, directed experts to delve into TikTok’s source code, and pursued two hard-fought mediations. The case dates to the Trump Administration, when the short video 0sharing app came under scrutiny for its ties to the Chinese government.”

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U.S Court Asked to Approve $165 Mln Capacitor Antitrust Settlement

“A California federal judge was asked on Thursday to approve $165 million in new settlement agreements with the makers of an electronic component to resolve civil price-fixing claims. Plaintiffs’ lawyers representing direct purchasers said in a court filing that Nippon Chemi-Con Corp and United,” reports Mike Scarcella in Reuters.

“Also agreed to pay $160 million, and Matsuo Electric Co Ltd will pay $5 million, to resolve claims that they conspired to fix the prices of certain capacitors. Such components regulate currents in televisions, office equipment, mobile phones and other electronic devices. The settlement plan was first announced in December on the eve of.”

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River Link Toll Collector Reaches $2.5 Million Settlement over Alleged False Late Fees

“A subcontractor of River Link, the company in charge of the tolls on three Ohio River bridges between Louisville and Southern Indiana, has reached a multimillion-dollar settlement to close a lawsuit filed over late-fee notices. Gila LLC, sued by three Indiana residents who said they’d been,” reports Ana Rocio Alvarez Brinez in Courier Journal.

“Gila LLC, sued by three Indiana residents who said they’d been charged late fees over unpaid tolls before receiving their first bill, will pay $2.5 million to settle claims from drivers who said they were incorrectly billed, according to a settlement signed Feb. 18. The class-action lawsuit was filed in 2019 and accused Gila LLC and Traffic Com USA.”

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Sun Pharma Forks over $485M to Settle Long-Running Legal Battle Inherited in Ranbaxy Buyout

“The good news for Sun Pharma is that it’s closed the books on one more legal problem it inherited from its Ranbaxy Laboratories buyout eight years ago. The bad: It’s going to cost the generics maker $485 million. Sun struck a settlement deal (PDF) worth $485 million to wrap up class-action claims,” reports Zoey Becker in Fierce Pharma.

“Ranbaxy’s faulty FDA approval filings kept low-priced generics off the market, the company said Wednesday. Sun, which bought Ranbaxy in 2014, admitted no wrongdoing. It agreed to the settlement to “resolve this dispute and avoid uncertainty, the company said in a filing. The settlement’s size may be small in comparison to the pharma.”

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Judge Approves $83M Settlement in Surfside Condo Collapse Litigation

“Champlain Towers South unit owners will receive an $83 million payout for the loss of their condos, a controversial outcome to the months long dispute over how financial disbursements should be divided between those who lost loved ones and those who lost their units. Miami-Dade Circuit Court,” reports Katherine Kallergis in The Real Deal.

“Judge Michael Hanzman approved the settlement on Wednesday evening, after an almost four-hour, emotionally charged court hearing. Survivors and families of victims spoke out against the agreement but also recounted the horror of the night the tower collapsed and their struggle in the ensuing months after losing friends and neighbors.”

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Apple Blocks Class-Action Status in User App Store Fee Suit

Apple Inc. blocked an antitrust lawsuit over App Store fees filed by a handful of iPhone users from being expanded to include millions of customers across the U.S,” reports Malathi Nayak in Bloomberg.

“U.S. District Judge Dale Fischer in Los Angeles approved the consent degree between the company and the EEOC over the objections of the California Department of Fair Employment and Housing, which has a separate lawsuit pending against Activision in state court on similar claims. Fischer’s approval came a day after the Ninth Circuit.”

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$16 Million Settlements in Canadian Air Cargo Class Action Approved for Distribution

“Siskinds of London, Ontario, Camp Fiorante Matthews Mogerman of Vancouver, BC and Liebman Legal Inc. of Montreal, Quebec announced court approval of a protocol for the second distribution of settlement funds in the Canadian Air Cargo price-fixing class action. The class action relates,” reports PR Newswire in their blog.

“Settlements totalling $16 million have been reached with British Airways and Air Canada. This brings total settlements reached in this action to over $45 million. The settled defendants do not admit any wrongdoing or liability. The OntarioBritish Columbia and Québec courts approved the settlements and a protocol for distributing.”

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Activision Wins Approval of $18 Million EEOC Settlement over California’s Objections

“Activision Blizzard — maker of the Call of Duty and World of Warcraft video games — won a federal judge’s approval Tuesday of a $18 million settlement with the Equal Employment Opportunity Commission over allegations of sexual harassment and discrimination in its workplace,” reports Edvard Pettersson in Court House News Service.

“U.S. District Judge Dale Fischer in Los Angeles approved the consent degree between the company and the EEOC over the objections of the California Department of Fair Employment and Housing, which has a separate lawsuit pending against Activision in state court on similar claims. Fischer’s approval came a day after the Ninth Circuit.”

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Mylan EpiPen Antitrust $264M Class Action Settlement

“Mylan agreed to pay $264 million to resolve claims it worked with Pfizer and other companies to raise the cost of the EpiPen. The settlement benefits individuals and entities who paid for or provided reimbursement for branded EpiPens or generic equivalents between Aug. 24, 2011. EpiPens are used,” reports Top Class Actions in their blog.

“According to a 2017 class action lawsuit, Mylan may have worked with Pfizer to artificially raise the price of life saving EpiPen products. Plaintiffs in the class action lawsuit claimed the companies knowingly violated antitrust and racketeering laws through their scheme. Defendants devised an illegal scheme to monopolize the market.”

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Burford Capital Raises $360 Mln for Pre-Settlement Investment Fund

“Burford Capital Ltd. said Monday that it has raised a $360 million for a private investment fund. The London-listed finance and asset-management company said the Burford Advantage Master Fund LP will be focused on lower risk and lower return pre-settlement litigation investments, targeting matters,” reports Michael Susin in Market Watch.

“It is expected to produce returns in the 12% and 20% internal rate of return range. The fund will provide the first 10% of annual return to fund investors while Burford retains any excess as a performance fee, it added. The company said that institutional investors have made commitments of an aggregate amount of $300 million.”

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Ohio Reaches $80 Million Settlement with Monsanto Over PCB

“Ohio Attorney General Dave Yost announced an $80 million settlement with the Monsanto Co. that forces the company to pay for the long-standing environmental damage it knowingly caused in Ohio with its toxic products. Ohio has been absorbing the health and environmental costs of PCB,” reports Ohio’s Country Journal in their blog.

“The cleanup will likely continue for even longer, Yost said. This settlement not only holds Monsanto accountable for its actions but also provides significant financial resources to assist in environmental cleanup. The state filed suit against Monsanto in 2018, maintaining that the company has known for decades that it created products with.”

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Apple Agrees to Pay $14.8M to Settle iCloud Storage Lawsuit

“Apple has agreed to pay out $14.8 million to U.S. residents to settle a class action lawsuit focused on the storage of user iCloud data on non-Apple servers. The complaint, filed back in 2019 in a California District Court, alleged that Apple had breached its iCloud server terms and conditions by storing user,” reports Mike Peterson in Apple Insider.

“Apple denies that it breached its promise that iCloud data is stored by Apple but has agreed to pay the sum to settle the class action lawsuit. According to the settlement’s website, the payout applies to anyone who purchased an iCloud subscription between September 16, 2015 and January 31, 2016. Users don’t need to do anything to join.”

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Evergrande bondholders threaten to sue after being blindsided by $2bn claim

“A group of bondholders is moving closer to formal legal action against Evergrande after the world’s most indebted property developer made a surprise disclosure that mystery lenders to one of its subsidiaries claimed more than $2bn in cash,” reports Joe Rennison in Financial Times.

“A group of distressed debt investors in the US and UK including Saba Capital, Redwood Capital Management and Ashmore met on Tuesday and directed lawyers to begin work on the legal analysis needed to decide whether to take action against Evergrande, according to people familiar with the talks.”

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Rhode Island Reaches $107 Mln Opioid Settlements with Teva and Allergan

“Rhode Island’s attorney general on Monday announced settlements he valued at $107 million against the drug makers Teva Pharmaceutical Industries (TEVA.TA) and AbbVie’s (ABBV.N) Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state. Attorney General Peter,” reports Jonathan Stempel in Reuters.

“The settlements include $28.5 million in cash, plus the delivery to Rhode Island of anti-overdose treatments, 1 million Naloxone sprays and 67,000 bottles of Suboxone pills over 10 years. While no amount of money will ever be enough to undo the harm suffered by Rhode Islanders throughout the ongoing opioid epidemic, these additional.”

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