The bank agreed to pay $75 million to settle with the U.S. Virgin Islands and also reached a confidential settlement with a former top banker who pushed to keep the disgraced financier as a client.
Category: Compensation for Damages (Law)
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SoftBank Needs a Hit, and It’s Betting on Arm
Softbank’s chief executive, Masayoshi Son, believes the chip design company he bought in 2016 is poised to reap the fruits of the A.I. revolution.
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Kroger Agrees to Pay $1.2 Billion to Settle Opioid Claims
The grocery chain, which did not admit wrongdoing, is the latest company accused of helping to fuel the opioid crisis to announce a settlement.
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CPAP Maker Agrees to $479 Million Settlement Over Defects
The manufacturer, Philips Respironics, said it would compensate users of CPAP machines and other flawed devices that were recalled after they blew bits of foam into consumers’ mouths and lungs.
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Supermodel Linda Evangelista Had Breast Cancer Twice in 5 Years
The fashion photographer disclosed her health challenges in an interview with The Wall Street Journal Magazine.
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A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
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3M Says It Will Pay $6 Billion to Resolve Combat Earplug Lawsuits
The settlement would end years of litigation brought by military service members and veterans who claimed that the earplugs sold by 3M had led to hearing damage and tinnitus.
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Mallinckrodt’s Bankruptcy Plan Would Cut Payments to Opioid Victims by $1 Billion
Mallinckrodt Pharmaceuticals had promised $1.7 billion to governments, individuals and others harmed by the opioid crisis.
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Opioid Settlement Money Is Being Spent on Police Cars and Overtime
As states and counties spend the first wave of billions of dollars from the pharmaceutical industry, public health groups are challenging how some funds are being used.
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Should Opioid Settlement Money Be Spent on Law Enforcement?
As states and counties spend the first wave of billions of dollars from the pharmaceutical industry, public health groups are challenging how some funds are being used.
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What the Supreme Court’s Decision to Hear the Purdue Pharma Case Means
A federal appeals court had signed off on a deal that would shield members of the wealthy Sackler family from lawsuits in exchange for billions for those harmed by the opioid epidemic.
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Supreme Court Pauses Purdue Pharma Bankruptcy Deal
A federal appeals court had signed off on an agreement, now on hold, that would shield members of the wealthy Sackler family from opioid-related lawsuits in exchange for $6 billion for victims.