Tag: settlement

Lawsuit Settlement by Law Firm, Engineers to Pay Surfside Victims $55.55 Million

By Nicholas Nehamas From Miami Herald MIAMI—Three major defendants in the Champlain Towers South collapse class-action lawsuit have agreed to settle with victims for a total of $55.55 million, all paid by their insurance firms, according to a court filing. The law firm Becker, which represented Champlain South’s condo association before the deadly June 24…


Purdue Pharma, US States Agree to New Opioid Settlement

Purdue Pharma reached a nationwide settlement Thursday over its role in the opioid crisis, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion in a deal intended to staunch a flood of lawsuits facing the maker of OxyContin. The deal follows an earlier settlement that…


Purdue’s Sackler Owners Propose up to $6 Billion Opioid Settlement

The Sackler family owners of Purdue Pharma LP have proposed a new and larger settlement worth up to $6 billion to resolve allegations that the OxyContin maker and its owners contributed to the deadly U.S. opioid epidemic, a mediator’s report showed on Friday. The mediator, U.S. Bankruptcy Judge Shelley Chapman, has been overseeing talks between…


Noom Diet App Reaches $62 Million Settlement Over Automatic Subscription Renewals

NEW YORK—Noom Inc. reached a $62 million settlement of a lawsuit accusing the weight loss app provider of tricking customers into signing up for “risk-free” trial periods only to force them into automatic, costly renewals that were difficult to cancel. The preliminary settlement filed on Friday night in Manhattan federal court calls for Noom to…


Meta to Pay $90 Million to Settle Facebook Privacy Lawsuit Over Tracking

Meta, Facebook’s parent company, has agreed to a $90 million settlement over a decade-old lawsuit which accused the social media platform of tracking users’ internet activity through browser plug-ins, even after they logged out of their accounts. A judge must now approve the settlement between Meta and the plaintiffs which was filed on Monday night…


Volkswagen Agrees to $3.5 Million Diesel Emissions Settlement With Ohio

WASHINGTON—Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by officials in three states including…


How Navient’s $1.7 Billion Student Loan Cancellation Impacts You

One of the largest U.S. student loan collection companies will be canceling hundreds of thousands of loans and paying restitution to a number of borrowers as part of a $1.85-billion settlement announced last week. Navient Corp has agreed to a settlement agreement in a lawsuit brought by several state attorneys general that the company’s predecessor Sally Mae…


Drugmaker Endo Signs $65 Million Opioid Settlement With Florida

Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that the drugmaker helped fuel the U.S. opioid epidemic. The deal is the latest in a string of settlements that Endo has struck in recent months to resolve…


Government Contractors Settle After Providing China-Made Containers

Even the U.S. federal government sometimes has trouble buying American products. The Department of Defense contracted for its agencies to buy American-made materials or materials manufactured in specified allied countries, such as South Korea. But now, through a settlement, two companies will jointly pay $904,000 to the federal government to resolve allegations that they provided…


Nevada to Join $26 Billion Opioid Settlement With J&J, Drug Distributors

Nevada has agreed to join a proposed nationwide settlement worth up to $26 billion resolving claims that three large U.S. drug distributors and the drugmaker Johnson & Johnson fueled a deadly opioid epidemic, the state’s attorney general said on Tuesday. Nevada was one of a handful of states that until now was not participating in…