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All Posts Tagged Tag: ‘Settlement’

Target OKs $10M Settlement over Massive Data Breach

Target has agreed to pay $10 million to settle a class-action lawsuit brought by victims of the company’s 2013 data breach – a massive hack that exposed up to 70 million people. According to CBS News, the settlement has been OK’ed, but awaits final approval from a federal district court. The settlement is large enough to offer up to $10,000 …

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BofA Settlement Reaches $9.5 Billion

Bank of America has settled yet another expensive mortgage case. The Federal Housing Finance Agency (FHFA), which represents Fannie Mae and Freddie Mac, brought mortgage-backed securities allegations against the second largest bank in America. Now Bank of America will have to pay $9.5 billion in the settlement they agreed upon with FHFA on Wednesday. The FHFA “alleged violations of federal …

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Dana Snay’s Facebook Post Costs Father $80k

A Florida teen may have just cost her dad a major cash flow opportunity after breaching a legal confidentiality agreement. According to the Miami Herald, Patrick Snay, 69, was the headmaster at Gulliver Preparatory School in Miami, Fla., for a number of years. In 2010, Gulliver did not renew his employment contract. Therefore, Patrick decided to sue the school for age discrimination …

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Starbucks Kraft Lawsuit Settles: Coffee Chain to Pay $2.76 Billion

After a grueling three-year legal entanglement, the Starbucks-Kraft lawsuit has finally come to an end. Earlier today, an arbitrator determined that Starbucks will pay a total of approximately $2.76 billion as a monetary settlement to diffuse their legal dispute with Kraft. On Tuesday, the Starbucks Corporation and Mondelez International both released statements explaining how the staggering cost were determined. Both …

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Penn State to Pay $59.7 Million in Abuse Settlement

Nearly two years after news of the Penn State child molestation scandal broke, the university has agreed to pay a settlement of almost $60 million to 26 victims that were sexually assaulted by former assistant football coach Jerry Sandusky. Thirty two men claimed to have been sexually abused by Sandusky, but Penn State dismissed six of the claims, saying they …

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Casey Anthony Reaches Settlement with Texas Group EquuSearch

Casey Anthony, the Florida mother involved in the infamous 2011 acquittal for the 2008 murder of her 2-year-old daughter, has reached a settlement agreement with EquuSearch (TES). The Texas-based company specializes in search and rescue operations in an effort to locate missing persons. Headquartered in the Houston suburb of Dickerson, Texas, the organization gained notoriety with the high-profile abduction case …

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Casey Anthony Reaches Settlement

Casey Anthony has finally reached a settlement with one of the search groups, Texas EquuSearch, who scoured Central Florida on a wild goose chase for her 2-year-old daughter in 2008. The organization claims that they spent over $100,000 while searching for Caylee Anthony. They were one of three creditors that filed federal complaints against Anthony. They came to an agreement …

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JPMorgan Chase Admits Fault, Agrees to Pay $920M

While monumental corporate cases tend to drag on for years, this particular case involving JPMorgan Chase & Co. won’t be one of them. The United States’ largest bank has been ordered to pay an astronomical fine in the staggering amount of $920M, and no judge or jury was needed to provide a legitimate verdict. JPMorgan not only agreed to pay …

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Man Pays in Quarters: 600,000 Coins for Settlement

An Illinois man chose to protest an appellate court’s decision in his own way Wednesday. Dr. Roger Herrin, who lost his son in a car accident in 2001, had to pay back money awarded to him by a judge, so he payed part of it back in quarters. Herrin told WSIL TV 3 he chose to pay the settlement in …

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Apple, HTC Settle All Their Patent Lawsuits

Apple and HTC announced this weekend that they have reached a global settlement that dismisses all current patent lawsuits between the companies. In addition, the companies have signed a ten-year license agreement that extends to current and future patents held by both Apple and HTC. The “terms” of the settlement are confidential, so it is unknown how much money has …

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Sketchers Settlement: Company to Pay FTC $40 Million Over Ads

Sketchers settlement is going to cost the company an impressive $40 million dollars. I suppose that’s what you get when you attempt to trick consumers into thinking they can get a round rump like the one found on Kim Kardashian’s backside by simply walking around in a pair of overpriced sneakers. If it was really that easy, everybody and their …

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