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Tag: Litigation

WWE Gets Approval for $39 Million Settlement in Class Action Lawsuit Related to Saudi Arabia Business

NewsWWE and a group of investors have been given approval by a judge to move forward with a $39 million settlement regarding a class action lawsuit filed by the Firefighters

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Pentagon Scraps Microsoft’s $10 Billion Cloud Computing Deal After Lawsuit From Amazon

NewsThe Department of Defense is canceling a $10 billion cloud computing contract with Microsoft, the military announced Tuesday, ending years of legal battles after Amazon

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Wisconsin’s Opioid Settlement Law Cuts Off Cities from Suing for Damages

NewsMillions of dollars in opioid lawsuit settlement money are expected to start flowing into Wisconsin in late 2021or early 2022. Distributors of opioids are close to agreeing on a plan…

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District Court Thwarts $100 Million Damages Award, Finding Litigation Conduct Exceptional

NewsThe U.S. District Court for the Southern District of California recently ended a long, drawn-out patent infringement battle dealing with menu patents, which saw action in front of a jury, at the district court

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Rocket Companies Shareholder Lawsuit Cites Gilbert’s $500M Detroit Gift

NewsDetroit-based Rocket Companies was hit Tuesday with a shareholder lawsuit accusing the firm and its executives of giving misleading guidance that the suit says artificially boosted Rocket’s stock price

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SC Fiscal Authority Approves $6 Million Settlement Offer for Prison Riot Victims

NewsThe South Carolina Department of Corrections has received approval to offer a $6 million settlement to the victims of a deadly 2018 riot at Lee Correctional Institution.

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Facebook’s Value Tops $1 Trillion After Judge Dismisses US Lawsuits

NewsIn a significant blow to US regulators’ attempt to rein in big tech, a federal judge has dismissed lawsuits brought against Facebook by the Federal Trade Commission

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Analyst Expects Bristol to Settle Over $6 Billion Bet That Didn’t Pay Out

NewsEarlier this month, investors sued Bristol Myers Squibb over a payment the company doesn’t think it needs to make. Now, one analyst says that he thinks that Bristol will settle As part of that deal

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Juul to Pay $40 Million to Settle N.C. Vaping Case

NewsJuul Labs has agreed to pay North Carolina $40 million to settle the first of a spate of lawsuits brought by states and localities claiming the e-cigarette company’s marketing

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J&J to Pay $263 Million in New York Opioid Settlements, Avoids Trial

NewsJohnson & Johnson (JNJ.N) said on Saturday it will pay $263 million to resolve claims it fueled an opioid epidemic in New York state and two of its largest counties…

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WSJ Boy Scouts Could Back Out of $650M Settlement with The Hartford

NewsThe Boy Scouts of America has signaled that it could scrap a $650 million settlement with property and casualty insurer The Hartford over sex abuse claims if victims groups keep up their opposition to the deal

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Shoei Kisen Reaches Settlement Over $550m Claim for Suez Canal Blockage

NewsThe Suez Canal Authority (SCA) has reached an agreement in principle with insurers over a $550m compensation claim for the grounding of a containership that disrupted world trade in March

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Rauner Agrees to Settle Robocall Lawsuit for $1 Million

NewsPeople targeted by a campaign robocall from former Gov Bruce Rauner since his first campaign in 2014 will be eligible to earn a portion of a $1 million settlement agreement

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Devon Energy’s $28 Million Settlement Over Gas Royalties OK’d

NewsDevon Energy Production Co will pay $28 million to Texas well owners who say they were underpaid royalties after a federal court in the state granted final approval of a class action

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Six Flags Agrees to $36 Million Settlement Over Alleged BIPA Violations

NewsThe lawsuit filed in Lake County claims that the finger scan violates the Illinois Biometric Privacy Act, which regulates how companies can use

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Judge suggests warning label as part of $2 bln plan to limit Roundup claims

NewsA U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling

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Centene shells out $143M to settle PBM disputes in Ohio

NewsLegislators and regulators are increasingly targeting pharmacy benefit managers, middlemen that negotiate discounts with drug suppliers and administer pharmacy networks

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NFL to halt ‘race-norming,’ review Black claims in $1 billion concussion settlement

NewsThe NFL on Wednesday pledged to halt the use of “race-norming” — which assumed Black players started out with lower cognitive functioning

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Judge raises doubts ahead of hearing on Bayer’s $2 bln Roundup settlement deal

NewsA federal judge on Tuesday questioned a $2 billion proposal by Bayer AG (BAYGn.DE) that would create a framework

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Block.one free to focus on $10B crypto business after lawsuit settlements

NewsWith legal troubles seemingly behind the company, Block.one could set its sights on finally making a significant dent in the crypto and blockchain space..

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