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…
Nevada to Join $26 Billion Opioid Settlement With J&J, Drug Distributors
Nikola Corp. Agrees to Pay $125 Million to Settle SEC Charges of Defrauding Investors
WASHINGTON—Nikola Corp. has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements, and commercial prospects, the U.S. securities regulator said on Tuesday. The Securities and Exchange Commission (SEC) accused the electric vehicle maker of violating securities laws with numerous misleading statements made from…
Nick Sandmann Reaches Settlement With NBC
Nicholas Sandmann announced he has reached a settlement with NBCUniversal after more than two years since Sandmann filed a defamation lawsuit against the media company. “At this time I would like to release that NBC and I have reached a settlement. The terms are confidential,” the 19-year-old Kentucky teen wrote on Twitter. The two parties agreed to…
Nicholas Sandmann Reaches Settlement With NBC
Nicholas Sandmann has announced that he’s reached a settlement with NBCUniversal after more than two years since he filed a defamation lawsuit against the media company. “At this time I would like to release that NBC and I have reached a settlement. The terms are confidential,” the 19-year-old Kentucky teen wrote on Twitter. The two parties…
USA Gymnastics, USOPC Reach $380 Million Settlement With Victims
The legal wrangling between USA Gymnastics and the hundreds of victims of sexual abuse by former national team doctor Larry Nassar, among others, is over after a $380 million settlement was reached. The fight for substantive change within the sport’s national governing body is just beginning. A federal bankruptcy court in Indianapolis on Monday approved…
Boeing Directors Agree to $237.5 Million Settlement Over 737 MAX Safety Oversight
November 6, 2021
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WASHINGTON/SEATTLE—Boeing Co. current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board’s safety oversight of the 737 MAX aircraft, documents released on Friday show. Following two fatal 737 MAX crashes in the space of five months in 2018–19 that killed 346 people, Boeing’s best…
Nearly 5 Million Allowed to Stay in UK Under EU Settlement Scheme
Nearly 5 million people have been allowed to continue living and working in the UK under the EU Settlement Scheme so far, official statistics show. As of the end of June, 4,908,760 people had been granted an immigration status to remain in the UK after freedom of movement ended following the Brexit transition period, according…
Heinz Kraft Increases Prices on Heels of $62 Million Securities Settlement
Pennsylvania-based Kraft Heinz company announced Wednesday that effective immediately, it has increased prices in about two-thirds of its U.S. portfolio and is prepared to take additional actions if the cost of manufacturing its products continues to rise. “We are implementing necessary pricing actions to manage the cost inflation we are currently seeing, including impacts likely…
Volkswagen Reaches $42 Million Settlement With US Owners Over Takata Air Bags
WASHINGTON—Volkswagen’s U.S. unit has agreed to a $42 million settlement covering 1.35 million vehicles that were equipped with potentially dangerous Takata air bag inflators, according to documents filed in U.S. District Court in Miami. The settlement is the latest by major automakers and much of the funding goes to boosting recall completion rates. To date,…
Judge Set to Rule on Purdue Pharma’s Opioid Settlement Plan
A federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments over an opioid crisis that has killed a half-million Americans over the last two decades. If Judge Robert Drain confirms the plan, estimated to be valued at $10…
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