Articles tagged with settle
Tue, May 22, 2012
Khloe Kardashian's alleged fight victim names price to settle lawsuit
From WENN.com
Chantal Spears sued Kim Kardashian's sister for damages last year (11), claiming she was hit and seriously injured during an ...
Mon, May 21, 2012
Chinese vitamin C maker to settle antitrust lawsuit
(Reuters) - A Chinese company has agreed to pay $10.5 million to U.S. purchasers of vitamin C who accused it of conspiring to ...
Mon, May 21, 2012
Khloe Kardashian's alleged fight victim names price to settle lawsuit
From WENN.com
Chantal Spears sued Kim Kardashian's sister for damages last year (11), claiming she was hit and seriously injured during an ...
Mon, May 21, 2012
EU offers Google last chance in antitrust case
By Foo Yun Chee
BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter ...
Sun, May 20, 2012
Samsung's mobile chief says has options to settle war with Apple
SEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in ...
Wed, May 16, 2012
Activision and Electronic Arts settle lawsuit
By Dan Levine
(Reuters) - Activision Blizzard Inc and arch rival video game company Electronic Arts Inc have settled a lawsuit in which Activision accused ...
Tue, May 15, 2012
Vatican, Benetton settle dispute over pope kiss ad
By Philip Pullella
VATICAN CITY (Reuters) - Italian fashion firm Benetton has agreed to make a donation to a Catholic charity to end a legal ...
Sun, May 06, 2012
Zsa Zsa Gabor's relatives want to settle conservatorship out of court
From WENN.com
Constance Francesca Hilton filed documents at Los Angeles Superior Court in March (12) in a bid to become the conservator of ...
Sat, May 05, 2012
Zsa Zsa Gabor's relatives want to settle conservatorship out of court
From WENN.com
Constance Francesca Hilton filed documents at Los Angeles Superior Court in March (12) in a bid to become the conservator of ...
Fri, May 04, 2012
Zsa Zsa Gabor's relatives want to settle conservatorship out of court
From WENN.com
Constance Francesca Hilton filed documents at Los Angeles Superior Court in March (12) in a bid to become the conservator of ...
Thu, May 03, 2012
Supermodel, billionaire settle child-support dispute
By Chris Francescani
NEW YORK (Reuters) - Canadian supermodel Linda Evangelista and French billionaire Francois-Henri Pinault reached a child-support settlement on Monday following two days ...
Thu, May 03, 2012
Zsa Zsa Gabor's relatives want to settle conservatorship out of court
From WENN.com
Constance Francesca Hilton filed documents at Los Angeles Superior Court in March (12) in a bid to become the conservator of ...
Thu, April 26, 2012
Waupaca County agrees to settle federal discrimination complaint
WAUPACA, WI (WTAQ) - Waupaca County has agreed to settle federal allegations that a sheriff’s deputy was not promoted because she’s a woman ...
Wed, April 18, 2012
Parents of Texas child settle lawsuit against Triad over contaminated wipes
MILWAUKEE (WTAQ) - The parents of a Texas toddler have settled a lawsuit against a Wisconsin company that made an alcohol wipe which the parents ...
Wed, April 18, 2012
BP proposes Gulf spill accord terms, trial delay
By Jonathan Stempel
(Reuters) - BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and ...
Thu, April 12, 2012
Goldman to pay $22 million to settle "huddles" case
By Sarah N. Lynch and Aruna Viswanatha
WASHINGTON (Reuters) - Goldman Sachs
Wed, April 11, 2012
Exclusive: SEC, Goldman to settle research case for $22 million: sources
By Sarah N. Lynch and Aruna Viswanatha
WASHINGTON (Reuters) - U.S. securities regulators are preparing to announce that Goldman Sachs will pay $22 million ...
Tue, April 10, 2012
Reebok, Nike settle suit over Tebow apparel sales
By Jonathan Stempel and Grant McCool
(Reuters) - Reebok International Ltd agreed to settle a lawsuit by rival Nike Inc, and will stop selling New ...
Tue, April 10, 2012
Tenet to pay almost $43 million to settle false claims
WASHINGTON (Reuters) - Tenet Healthcare Corp has agreed to pay almost $43 million to settle allegations that it overbilled the federal Medicare healthcare program for ...
Wed, April 04, 2012
CFTC orders JPMorgan to pay $20 million in Lehman case
By Philip Shishkin and David Henry
WASHINGTON (Reuters) - The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co
The action comes as the CFTC and other regulators continue to probe what happened to segregated customer funds in the October 2011 collapse of MF Global Holdings Ltd
In the Lehman case, the CFTC said that for about 22 months, ending with Lehman's bankruptcy in September 2008, JPMorgan had improperly extended intra-day credit to Lehman Brothers based in part on customers' segregated funds Lehman had deposited at the bank.
JPMorgan also violated rules by refusing to release customers' segregated funds for nearly two weeks after the bankruptcy, the CFTC said.
In a statement, JPMorgan said it "mistakenly factored the balance in the account into a daily calculation of (Lehman) assets to determine the amount of credit the firm was willing to extend to (Lehman)."
JPMorgan went on to say that "no customer funds were ever used to satisfy any (Lehman) debt to JPMorgan, nor were any funds in these accounts lost."
Lehman spokeswoman Kimberly Macleod declined to comment.
The issue of how JPMorgan handled customer funds of another brokerage also emerged in the ongoing investigation into MF Global. JP Morgan played an important role in MF Global's final hours, as the firm struggled to meet its trading commitments amid a growing customer unease over the brokerage's big bets on European sovereign debt.
When MF Global filed for bankruptcy in October, regulators said its customer accounts were short nearly $1.6 billion. Customer funds are legally required to be held separate from the firm's own cash.
The CFTC is under pressure to add safeguards to customer accounts as thousands of MF Global customers, including many farmers who use futures to hedge risks, try to recover their lost money.
An array of federal regulators are investigating the disappearance, and JPMorgan recently came under scrutiny from congressional investigators over a $175 million transfer that MF Global made to cover an overdraft at JPMorgan just days before the firm's collapse.
That money, congressional investigators said, appeared to come from an MF Global customer-segregated account.
JPMorgan asked MF Global to sign a letter certifying that the transfer was proper, but MF Global never signed it. JPMorgan hasn't been accused of any wrongdoing in this case.
MF Global and its employees have also not been formally accused of wrongdoing.
Some of MF Global's former clients who lost money in the firm's collapse have been angry at JPMorgan over its role in the firm's final days.
Speaking about the fine in the Lehman case, James Koutoulas, who represents many those former MF Global customers, said in an e-mail, "it's yet another data point in JPMorgan's systematic disregard for the law and for the safety of client assets." Koutoulas heads the Commodity Customer Coalition, a group of former MF Global customers who lost money in the collapse of MF Global.
Koutoulas also complained about the size of the fine. "$20 million will not deter JPMorgan from continuing the conduct in the slightest," he said. "U.S. regulators need to drastically increase their fines."
JPMorgan said that it cooperated with the regulators and that the latest settlement doesn't say it "intentionally violated the Commodity Exchange Act or CFTC regulations." JPMorgan has consistently denied acting inappropriately in the MF Global case.
The CFTC's order requires JPMorgan to implement reforms to ensure the proper handling of customer segregated funds in the future and to release customer funds upon notice and instruction from the CFTC.
JPMorgan had 2011 net income of $19 billion and recorded $4.9 billion in litigation expenses.
(Reporting by Philip Shishkin and Karey Wutkowski in Washington and David Henry in New York.; Editing by Maureen Bavdek and ...
Fri, March 30, 2012
Medtronic to pay $85 million to settle Infuse lawsuit
By Jonathan Stempel
(Reuters) - Medtronic Inc said it agreed to pay $85 million to settle a shareholder lawsuit accusing it of making misleading statements ...
Fri, March 30, 2012
Alaska, Exxon deal opens way for LNG exports
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska has reached a settlement with Exxon Mobil Corp
Mon, March 26, 2012
Deutsche Bank to settle MBS suit for $32.5 million
By Jessica Dye
NEW YORK (Reuters) - Deutsche Bank AG
Mon, March 19, 2012
NY Mets owners settle Madoff case, avoid trial
By Grant McCool and Jonathan Stempel
NEW YORK (Reuters) - The owners of the New York Mets agreed to pay $162 million to settle a ...
Tue, March 13, 2012
JPMorgan paying $45 million to settle mortgage suit
(Reuters) - JPMorgan Chase & Co
The whistleblower lawsuit, filed in 2006 in Georgia by two mortgage brokers, seeks payments on behalf of the U.S. government by eight banks and mortgage companies, a law firm involved in the case said Tuesday. JPMorgan is the first bank to reach a settlement.
According to court documents filed on Monday, the payment was part of the national mortgage settlement over foreclosure abuses reached with JPMorgan and four other lenders last month. Banks also agreed to pay $182 million in four other whistleblower cases.
The two whistleblowers will share about 26 percent of the settlement, or $11.7 million, according to the law firm of Butler, Wooten & Fryhofer in Atlanta. The case is still pending against the other lenders, including Bank of America Corp
JPMorgan declined to comment.
Meanwhile, the American Banker reported on its website that JPMorgan stopped suing delinquent credit card customers last year amid another federal investigation into allegations of faulty account records.
The credit card probe by the Office of the Comptroller of the Currency Bank stemmed from a whistleblower complaint and a wrongful termination suit by a former employee, according to the report. The former employee said she was fired because she objected to the bank's sale to outside collection companies of claims based on flawed records, according to the report.
In response to the credit card story, the bank issued a statement on Tuesday saying that it had found "procedural issues" and notified regulators after conducting an internal review following problems with mortgage debts.
"We have since done a number of tests and found that in the overwhelming majority of cases, the amount collected from customers was correct," the bank said in the statement.
Spokesman Paul Hartwick declined to comment further. OCC spokesman Dean DeBuck declined to comment.
The American Banker said that court filings and interviews with seven current and former employees had corroborated allegations by the former employee. The reporting showed the bank's credit card litigation unit was plagued by unreliable outside lawyers, "disregard for accuracy and patchy technology," according to the publication.
The credit card report can be found at http://bit.ly/xOVTUB.
JPMorgan shares were up 1.8 percent around midday Tuesday in New York trading.
(Reporting By Rick Rothacker in Charlotte, North Carolina and David Henry in New York.; Editing by Gerald E. McCormick, Dave Zimmerman)
Sun, March 11, 2012
Brando bosses settle legal spat with Harley-Davidson
Lawyers claimed officials at the motorcycle firm infringed the actor's publicity rights by selling a line of boots called The Brando.
Brando Enterprises ...
Sat, March 10, 2012
Brando bosses settle legal spat with Harley-Davidson
Lawyers claimed officials at the motorcycle firm infringed the actor's publicity rights by selling a line of boots called The Brando.
Brando Enterprises ...
Fri, March 09, 2012
Brando bosses settle legal spat with Harley-Davidson
Lawyers claimed officials at the motorcycle firm infringed the actor's publicity rights by selling a line of boots called The Brando.
Brando Enterprises ...
Fri, March 09, 2012
Barclays says may face action in Libor probe
By Steve Slater and Sarah White
LONDON (Reuters) - Britain's Barclays
Thu, March 08, 2012
Brando bosses settle legal spat with Harley-Davidson
Lawyers claimed officials at the motorcycle firm infringed the actor's publicity rights by selling a line of boots called The Brando.
Brando Enterprises ...
Fri, March 02, 2012
$25M payout to settle Medicare fraud suit by ex-Milwaukee health care worker
MILWAUKEE (WTAQ) - Odyssey Health Care has agreed to pay $25 million to settle a Medicare fraud suit filed by a former Odyssey employee in ...
Mon, February 13, 2012
Two former Bear Stearns managers settle SEC case
By Jessica Dye
NEW YORK (Reuters) - Two former Bear Stearns fund managers, who were acquitted of criminal charges over the demise of their mortgage-laden ...
Mon, January 23, 2012
Diamondback to settle insider-trading charges
By Sarah N. Lynch
WASHINGTON (Reuters) - Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford ...
Thu, January 19, 2012
J&J to pay $158 million to settle Texas Risperdal case
By Corrie MacLaggan
AUSTIN, Texas (Reuters) - Johnson & Johnson said on Thursday it will pay $158 million to settle a Texas lawsuit accusing the drugmaker of improperly marketing its Risperdal anti-psychotic drug to state residents on the Medicaid health program for the poor.
The settlement fully resolves all Risperdal-related claims in Texas, the company said. The agreement is specific to the state of Texas and does not involve other ongoing state or federal Risperdal litigation.
The deal settles claims brought by Texas in 2004 and involves alleged Medicaid overpayments during the years 1994 to 2008 "and will circumvent potentially lengthy and costly appellate activities," according to a statement from J&J's Janssen Pharmaceuticals unit.
The settlement will be paid to the original plaintiff, his attorneys, the state of Texas and the federal government, which provides Medicaid reimbursements, the company said.
The complaint against J&J and several of its units filed in U.S. district court in Texas had alleged company representatives "targeted every level of the Texas Medicaid Program with misrepresentations about the safety, superiority, efficacy, appropriate uses and cost effectiveness of Risperdal."
"Janssen ran amok," Allen Jones, the Pennsylvania-based whistleblower on J&J's marketing practices who was a plaintiff along with state of Texas, told reporters in the Austin courthouse.
"They trashed the Johnson & Johnson credo and they misused Texas and, I believe, well-meaning officials, to further their marketing aims," Jones said. "They subverted science and they induced others to betray the people they were supposed to be taking care of. To me that is reprehensible."
The deal marks the first Risperdal settlement with any U.S. state, Janssen spokeswoman Teresa Mueller said.
J&J's once sterling reputation has been battered in the past two years over quality control problems at several of its plants and manufacturing errors that led to massive recalls of a wide variety of its products, including hip replacements, contact lenses, insulin cartridges and heart devices.
Its biggest black eye came from its McNeil consumer healthcare unit, which in a series recalls was forced to pull hundreds of millions of bottles and packages of popular medicines, such as Children's Tylenol, Motrin, Rolaids and Benadryl.
J&J shares were down 28 cents, or 0.4 percent, at $65 in afternoon trading on the New York Stock Exchange.
(Reporting by Corrie MacLaggan; additional reporting and writing by Bill Berkrot and Ransdell Pierson in New York; editing by Michele Gershberg ...
Tue, January 10, 2012
Exclusive: Ex-SEC lawyer said to settle Stanford-linked case
By Sarah N. Lynch and Aruna Viswanatha
WASHINGTON (Reuters) - Former Securities and Exchange Commission attorney Spencer Barasch is expected to settle Department of Justice ...
Fri, January 06, 2012
NYT, Huffington Post settle parenting blog case
By Jonathan Stempel
(Reuters) - Goodbye, Parentlode.
New York Times Co, which has a parenting blog known as Motherlode, has agreed to settle a lawsuit ...
Thu, January 05, 2012
J&J to pay more than $1 billion to settle probe: report
(Reuters) - Johnson & Johnson is set to pay more than $1 billion to resolve a U.S. civil investigation into the marketing of its Risperdal antipsychotic drug, Bloomberg News reported on Thursday, citing anonymous sources.
The company reached a deal last week with the U.S. attorney in Philadelphia. The deal does not resolve negotiations over a possible criminal plea, the report said.
Johnson & Johnson spokeswoman Teresa Mueller said the company does not comment on rumors or speculation.
In August, J&J said it reached an agreement related to a misdemeanor charge stemming from the Risperdal investigation, although some issues remained unresolved.
(Reporting By Lewis Krauskopf; editing by Andre Grenon)
Thu, January 05, 2012
Apple to pay $5 million to settle patent lawsuit: Elan
TAIPEI (Reuters) - Elan Microelectronics Corp, a Taiwanese touch design company, said on Thursday that Apple Inc will pay $5 million as part of a ...
Tue, January 03, 2012
AT&T to pay TiVo to settle patent dispute
By Sinead Carew and Liana B. Baker
(Reuters) - AT&T Inc has agreed to pay TiVo Inc a minimum of $215 million and additional monthly licensing fees to settle a patent infringement dispute related to recording live TV.
TiVo's shares rose 14 percent in after-hours trade.
TiVo, whose brand is synonymous with a digital video recorders, has turned to litigation to generate revenue from licensing fees as the industry pioneer has struggled to fight competition from low-cost rivals in recent years.
The settlement is the second large victory in recent months for TiVo, which expects fees from AT&T to "significantly exceed" the guaranteed minimum payment.
TiVo also prevailed in a similar longstanding case against Dish Network and Echostar Corp in May. The companies, controlled by Charlie Ergen, agreed to pay TiVo $500 million to settle the dispute.
TiVo CEO Tom Rogers said in an interview that as part of the settlement, he could not reveal how much more revenue TiVo could generate from the deal but added "it's a number that has us holding our head very high."
TiVo will receive additional payments from AT&T that depend upon AT&T's subscriber base of DVR users meeting certain growth targets until 2018.
"No matter which projections you take, they all involve AT&T paying us significantly higher revenue than $215 million," Rogers said.
Todd Mitchell, an analyst for the firm Brean Murray, said he estimates AT&T could end up paying potentially 10 or 20 percent more per year if its TV business keeps growing.
An AT&T spokesman declined to comment.
The same patents involved in the case are a part of a lawsuit TiVo is embroiled in with AT&T's competitor, Verizon. Rogers said now that the AT&T case is settled, the parties will hold a conference and decide on a timetable for the Verizon case.
He added the AT&T settlement bodes well for the Verizon case since Verizon's TV service FiOS, like AT&T'S U-verse service, "has substantially built their business on operating DVRs."
A Verizon spokeswoman did not immediately respond for comment on Tuesday.
AT&T's first payment of $51 million, which was due Tuesday is slightly higher than TiVo's forecast for its fiscal fourth quarter revenue of $48 million to $50 million, announced in November.
The first payment will be followed by quarterly payments through June 2018, according to TiVo. In return the companies have agreed to dismiss all pending litigation and enter a cross licensing agreement.
TiVo shares rose 14 percent to $10.18 in after-hours trading.
(Reporting by Sinead Carew and Liana B. Baker; editing by Carol Bishopric)
Thu, December 29, 2011
GE Healthcare to pay $30 million to settle False Claims Act
(Reuters) - General Electric Co's
Tue, December 27, 2011
LCD makers settle price-fixing case for $553 million
By Karen Freifeld
(Reuters) - Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay more than $553 million ...
Mon, December 19, 2011
Cablevision, Verizon settle Internet-speed ad suit
By Jessica Dye
NEW YORK (Reuters) - Cablevision Systems Corp said Monday that it would dismiss a lawsuit it filed earlier this month against Verizon ...
Fri, December 16, 2011
Ohio lawmakers settle redistricting fight, skip referendum
By Jo Ingles
COLUMBUS, Ohio (Reuters) - Ohio lawmakers this week settled a fight over a congressional redistricting map, eliminating the possibility of a referendum ...
Mon, December 12, 2011
WaMu settles dispute, eyes bankruptcy exit
(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and ...
Thu, December 01, 2011
Delaware men settle $7 million church sex abuse case
By Jason Tomassini
WILMINGTON, Delaware (Reuters) - Fourteen Delaware men who said they were sexually assaulted as children have reached a $7 million settlement with ...
Thu, December 01, 2011
Delaware men settle $7 million church sexual abuse case: SNAP
(Reuters) - Fourteen Delaware men who say they were sexually assaulted as children have reached a $7 million settlement with three Catholic church institutions, a ...
Thu, December 01, 2011
Woman charged with sending lawmakers death threats expected to settle case
MADISON, WI (WTAQ) - A Dane County woman accused of e-mailing death threats to 16 Wisconsin legislators is expected to settle her criminal case Thursday ...
Wed, November 30, 2011
Associated Bank paying $13M to settle overdraft fee lawsuit
ASHWAUBENON, WI (WTAQ) - Associated Bank says it will pay $13 million to settle a lawsuit over overdraft fees.
The case was filed back in ...
Tue, November 29, 2011
Banks, MBIA in talks to settle legal dispute: report
(Reuters) - Several big banks are in talks to reach a settlement with bond insurer MBIA Inc that could end a legal battle over billions ...
Tue, November 22, 2011
Merck to pay $950 million to settle U.S. Vioxx charge
By Anna Yukhananov
(Reuters) - Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.
The fine will conclude a long-running investigation into Merck's promotion of its one-time blockbuster drug, which was withdrawn from the market in September 2004 after being linked to heart risks.
The Justice Department alleged that Merck promoted the drug for treating rheumatoid arthritis before it had been approved for that condition by the U.S. Food and Drug Administration.
The case is one of the largest settlements by a major pharmaceutical company over marketing drugs in the United States for uses that have not been approved by the FDA, known as off-label promotion.
"We will not hesitate to pursue those who skirt the proper drug approval process and make misleading statements about the safety and efficacy of their products," said Tony West, the Justice Department's assistant attorney general for the civil division, in a statement.
Merck pled guilty to a misdemeanor charge and will pay a $321.6 million criminal fine for introducing the misbranded drug Vioxx into interstate commerce.
It also agreed to pay an additional $628.4 million civil settlement to resolve additional allegations regarding its off-label marketing of Vioxx and alleged false statements about the pill's heart safety. The U.S. government will recover $426 million of that amount, while the remainder will go to the states in the lawsuit.
HEART RISKS
The Justice Department said Merck also agreed to a corporate integrity agreement to strengthen oversight over its marketing. Merck said the settlement does not mean it admits liability or wrongdoing.
"We believe that Merck acted responsibly and in good faith in connection with the conduct at issue in these civil settlement agreements, including activities concerning the safety profile of Vioxx," said Bruce Kuhlik, executive vice president and general counsel of Merck, in a statement.
The large American drugmaker had already told investors in October 2010 it was taking a $950 million charge related to the U.S. government probe.
The civil settlement agreement is signed with the United States and individually with 43 states and the District of Columbia, but previously disclosed litigation with seven states is still unresolved, Merck said.
States have said the company misled regulators about the dangers associated with Vioxx, which has been linked in lawsuits to increasing users' risk of heart attacks and other serious cardiovascular side effects.
In 2007, Merck also agreed to pay $4.85 billion to settle lawsuits filed by thousands of former Vioxx users, who alleged the pill caused heart attacks.
(Reporting by Sarah N. Lynch and Anna Yukhananov; Editing by Tim Dobbyn and Carol Bishopric)
Tue, November 15, 2011
Hudgens wants ex-producer to settle legal debt
The High School Musical star wants the judgment she won last year (10) against Johnny Vieira to be enforced, according to legal documents obtained ...
Thu, October 13, 2011
Outkast rapper Big Boi to settle drug charges
MIAMI (Reuters) - Grammy Award-winning Outkast rapper Big Boi will avoid jail time on drug charges in Florida if he passes several drug tests and ...
Wed, September 28, 2011
Reebok settles charges over toning shoe claims
By Diane Bartz
WASHINGTON (Reuters) - Reebok International Ltd has agreed to pay $25 million to settle charges that it made unsupported claims that its ...
Mon, September 26, 2011
"Men" producer writing tell-all book on Sheen
NEW YORK (Reuters) - Think all the dirty laundry being aired between Charlie Sheen and his former boss Chuck Lorre on "Two and A Half ...
Tue, September 20, 2011
Analysis: AT&T may have to settle for weaker T-Mobile tie-up
By Sinead Carew and Nicola Leske
NEW YORK/FRANKFURT (Reuters) - If AT&T Inc fails to convince U.S. regulators that its proposed purchase of Deutsche Telekom AG's T-Mobile USA should go ahead, the pair may end up having to settle for a lesser relationship.
While it wouldn't be as attractive as an all-out marriage, a network partnership would sidestep the regulatory heat and give the spectrum-hungry companies more capacity to support high-speed wireless services, according to analysts.
"They've done a lot of work with AT&T figuring out the network synergies. They'd be able to achieve a significant amount of that without a merger," said Roe Equity Research analyst Kevin Roe about Deutsche Telekom and T-Mobile USA.
The Justice Department filed suit on August 31 to block the $39 billon deal, citing concerns that it would raise prices for consumers and hamper competition.
AT&T would unseat Verizon Wireless as the No. 1 U.S. mobile service, and the top three U.S. providers would control 90 percent of the wireless market if the deal succeeds.
The companies are preparing to discuss settlement prospects with the Justice Department at a Wednesday court hearing. But the prospects for a quick settlement are not good.
One source close to the case said there has been no movement toward a settlement and that the deal would have to be substantially restructured to satisfy antitrust enforcers.
Most likely, Wednesday's hearing will just focus on setting a trial date and not produce much settlement progress.
The stakes are high, because the attractiveness of the deal diminishes the longer it is held up in a regulatory review. AT&T has asked for a January 16 trial date, while the Justice Department is pushing for March 19.
People close to the deal say AT&T is working on two tracks, preparing to defend the acquisition in court while restructuring it to make it more palatable to regulators.
Deutsche Telekom is especially motivated for the deal to go ahead because it has already clearly indicated that it wants to exit the U.S. market. Without a good "Plan B," it may be forced instead to stay and invest billions of additional dollars in T-Mobile USA to make it more competitive.
The company also has already laid out plans for spending the $39 billion -- paying down some of its net debt of 42 billion euros, launching a 5 billion euro share buyback and investing in Europe.
"Unfortunately for them I don't think there are any perfect options. They're in a tough spot," said Will Power, an analyst for Robert W. Baird & Co.
At the time it hammered out the AT&T deal, Deutsche Telekom said it had been in talks with five interested parties.
With the AT&T deal at risk, some of those parties -- Verizon Communications, DISH Network and Sprint Nextel -- are still interested in T-Mobile USA, according to a source close to the operator.
But if the Justice Department wins its case to block the sale to AT&T, the No. 2 U.S. mobile service, the victory could preclude at least two of those companies -- market leader Verizon Wireless and No. 3 ranked Sprint -- from swooping in with a counter offer for T-Mobile USA, the fourth biggest U.S. mobile service.
Another option would be for Deutsche Telekom to spin off the U.S. business as a separate publicly traded entity.
But this option, too, is plagued by problems because it would require big operating improvements at T-Mobile USA, which has been struggling with customer losses.
With few good options if the deal gets rejected, BTIG analyst Walter Piecyk said, Deutsche Telekom and AT&T may indeed move ahead with a network sharing agreement, even if it would less financially beneficial to AT&T than a merger.
Deutsche Telekom also could consider pursuing a network agreement with other companies besides AT&T.
Prior to the AT&T pact, T-Mobile USA had been in talks about a spectrum sharing agreement with Clearwire, Sprint's wireless venture with cable operators and owner of one of the biggest U.S. spectrum holdings.
But such a deal would require a big investment from T-Mobile USA because Clearwire, which has a massive funding gap, would want an investment in return for access to its network.
That may leave AT&T as a less expensive network partner.
For now, Deutsche Telekom is obliged to act in earnest to get the deal done, especially if it wants to take advantage of the consolation prize -- a break-up fee worth an estimated $6 billion, including spectrum and $3 billion in cash that it will get from AT&T if merger deal is not approved.
The break-up fee would give Deutsche Telekom some short-term leeway but won't resolve its longer-term financial issues.
(Additional reporting by Nadia Damouni in New York, Jeremy Pelofsky in Washington and Victoria Howley in London; Editing by Steve Orlofsky)
Tue, September 20, 2011
IBM offers concessions to settle EU antitrust probe
By Foo Yun Chee
BRUSSELS (Reuters) - International Business Machines Corp (IBM) has offered concessions to settle an EU investigation into its business practices, which ...
Mon, September 19, 2011
News International to pay $4.7 million to settle hacking
By Avril Ormsby
LONDON (Reuters) - News International is expected to pay three million pounds ($4.7 million) to settle hacking claims by the family ...
Mon, September 19, 2011
Credit Suisse to pay $206 million to settle German tax
By Martin de Sa'Pinto
ZURICH (Reuters) - Credit Suisse
Fri, September 16, 2011
Alabama county backs deal to settle $3.14 billion debt
By Melinda Dickinson and Matthew Bigg
BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County voted on Friday to accept a provisional deal to settle its ...
Wed, September 07, 2011
Analysis: UK Olympics mall may have to settle for silver
By Mark Potter and James Davey
LONDON (Reuters) - A less-affluent catchment area, stronger competition and more congested roads mean Europe's biggest urban shopping ...
Thu, September 01, 2011
Sheridan urged to settle Housewives lawsuit
The star filed a multi-million dollar lawsuit against show creator Marc Cherry last year (10), alleging he slapped her in the face after she ...
Wed, August 31, 2011
Hedge fund Diamondback to pay $1 million to settle insider case
BOSTON (Reuters) - Hedge fund Diamondback Capital Management, which had been embroiled in the government's insider trading case, has agreed to pay back roughly ...
Wed, August 31, 2011
Pfizer, Dr. Reddy's settle Lipitor patent battle
NEW YORK (Reuters) - Pfizer Inc
Wed, August 31, 2011
Sheridan urged to settle Housewives lawsuit
The star filed a multi-million dollar lawsuit against show creator Marc Cherry last year (10), alleging he slapped her in the face after she ...
Sat, August 27, 2011
Mel Gibson, Oksana Grigorieva settle child custody
LOS ANGELES (Reuters) - Mel Gibson and his ex-girlfriend on Friday settled a deeply bitter custody dispute over their young daughter which led to the ...
Fri, August 26, 2011
Swiss kickstart talks with U.S. to settle tax probe
By Emma Thomasson
ZURICH (Reuters) - Switzerland has made a proposal to try to kickstart talks to settle its impasse with U.S. authorities over ...
Thu, August 11, 2011
Alabama county creditors to meet key debt demand
BIRMINGHAM, Alabama (Reuters) - The creditors for a $3.2 billion sewer bond debt in Alabama's Jefferson County are on the verge of meeting ...
Wed, August 10, 2011
Sony, LG Electronics settle bitter patent dispute
SEOUL/TOKYO (Reuters) - LG Electronics and Sony said on Thursday that they have resolved patent disputes between the two firms spanning smartphones, TVs and ...
Wed, August 10, 2011
Viacom, Cablevision settle iPad streaming dispute
NEW YORK (Reuters) - Viacom Inc and Cablevision Systems Corp have resolved a dispute over the latter's alleged unauthorized streaming of Viacom programing on ...
Mon, July 25, 2011
NFL & Players Settle On Collective Bargaining Agreement
GREEN BAY, Wis. (WHBL) - Thousands of football fans will flock to Green Bay this week – but we’re still not sure what awaits them ...
Wed, June 22, 2011
Viacom, Time Warner Cable may settle iPad TV suits
NEW YORK (Reuters) - Viacom Inc and Time Warner Cable Inc are trying to settle lawsuits over whether cable companies have a right to stream ...
Wed, June 22, 2011
Rolls-Royce, Qantas settle A380 engine dispute
By Balazs Koranyi and Michael Smith
SYDNEY (Reuters) - Rolls-Royce
Fri, June 17, 2011
McCourts agree to let judge settle Dodgers ownership
By Dan Whitcomb and Alex Dobuzinskis
LOS ANGELES (Reuters) - Frank and Jamie McCourt agreed Friday to let a judge decide who owns the Los ...
Tue, June 07, 2011
HSBC agrees $62.5 million Madoff lawsuit settlement
LONDON (Reuters) - HSBC
Wed, May 11, 2011
Settle is single again
The actor announced his split from model Naama Nativ last February (10) and their divorce trial was due to begin in Manhattan Supreme Court ...
Tue, May 10, 2011
Banks float $5 billion deal to settle foreclosure probe: report
(Reuters) - Major banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage foreclosure ...
Tue, May 03, 2011
U.S. to settle with BP over Alaska oil pipe spill
WASHINGTON (Reuters) - The government said it will announce on Tuesday a "major" settlement with BP Plc over an oil pipeline spill on Alaska's ...
Mon, May 02, 2011
EchoStar, Dish to pay TiVo to settle dispute
By Liana B. Baker
NEW YORK (Reuters) - Dish Network and EchoStar Corp will pay TiVo Inc $500 million to settle a patent infringement lawsuit ...
Thu, April 14, 2011
Banks, SEC in talks to settle mortgage charges: report
(Reuters) - The securities regulator is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds ...
Wed, April 13, 2011
Motorola and Huawei settle trade secret dispute
By Paul Thomasch
NEW YORK (Reuters) - Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing ...
Fri, April 08, 2011
Weinsteins pay to settle Scream 4 suit
Cathy Konrad filed a $3 million (£1.9 million) lawsuit last May (10), claiming she developed the horror franchise and was entitled to produce ...
Tue, April 05, 2011
Verizon pays $93.5 million to settle false claims case
WASHINGTON (Reuters) - Verizon Communications <VZ.N> has agreed to pay $93.5 million to settle allegations that it overcharged the U.S. government on ...
Fri, April 01, 2011
Hugh Jackman Won't Settle For Just Any 'Wolverine' Director
It's nice to see that Hugh Jackman has standards and that whenever he and 20th Century Fox find a director for The Wolverine ...
Mon, March 28, 2011
Nine victims of clergy abuse settle with St. John's Abbey
MINNEAPOLIS (Reuters) - In a settlement aimed at broader public disclosure of clergy sex abuse, nine Minnesota victims have settled claims against St. John's ...
Fri, March 18, 2011
IBM pays $10 million to settle bribery complaint
NEW YORK (Reuters) - IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials ...
Mon, March 14, 2011
Settle and Rutherford making movie plans
The actors play husband and wife in the hit TV show, and they get on so well they are in negotiations to work together ...
Fri, March 04, 2011
Ford, Ferrari settle lawsuit over F-150 name
NEW YORK (Reuters) - Ford Motor Co has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for the popular ...
Fri, March 04, 2011
Ford, Ferrari settle lawsuit over F-150 name
NEW YORK (Reuters) - Ford Motor Co <F.N> has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for ...
Sat, February 05, 2011
B of A to pay $410 million to settle overdraft lawsuit
By Jonathan Stempel
NEW YORK (Reuters) - Bank of America Corp <BAC.N> has agreed to pay $410 million to settle lawsuits accusing it of ...
Fri, January 21, 2011
Catholic church to pay $1 million to settle abuse lawsuit
SAN ANTONIO, Tex. (Reuters) - The Catholic church on Friday said it would pay nearly a million dollars to a man allegedly sexually abused at ...
Fri, January 21, 2011
Barkin & Perelman settle four-year-old film company dispute
The Sea of Love star and Ron Perelman divorced in 2006 and have been battling over Applehead Pictures LLC ever since.
The company's ...
Thu, January 20, 2011
Wi-LAN and Broadcom to settle patent lawsuits
By Abhiram Nandakumar
(Reuters) - Patent licensing firm Wi-LAN Inc said it would settle its patent litigations with U.S. chipmaker Broadcom Corp for an ...
Tue, January 18, 2011
J Crew to settle suit, extends go-shop period
CHICAGO (Reuters) - Clothing retailer J Crew Group Inc <JCG.N> is set to settle a shareholder lawsuit over its proposed takeover by private equity ...
Wed, January 12, 2011
Artist and news wire settle Obama portrait suit
NEW YORK (Reuters) - The artist who created an iconic portrait of Barack Obama and the Associated Press have agreed to settle a copyright dispute ...
Thu, January 06, 2011
AIG to pay $450 mln to settle premium under-reporting lawsuit
(Reuters) - American International Group Inc <AIG.N> has agreed in principle to pay $450 million to settle a lawsuit with rival insurance companies over ...
Mon, January 03, 2011
Milwaukee's Alleged North Side Strangler May Settle Case Again Monday
MILWAUKEE, Wis. (WTAQ) - Alleged Milwaukee serial killer Walter Ellis returns to court Monday afternoon. And for the second time in 11 days, there’s ...
Tue, December 28, 2010
Feinberg strikes deals to settle oil spill claims
HOUSTON (Reuters) - The administrator of BP Plc's $20 billion compensation fund has paid $43 million to residents of the U.S. Gulf Coast ...
Mon, December 27, 2010
Alcatel agrees to settle bribery case for $137 million
By Jeremy Pelofsky
WASHINGTON (Reuters) - Alcatel Lucent SA has agreed to pay more than $137 million to settle U.S. charges that it paid ...
Tue, December 07, 2010
BofA pays $137 million to settle fraud charges
By Joe Rauch
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp will pay $137 million to settle allegations by federal and state authorities that ...
Thu, December 02, 2010
Feds, Local Officials Settle PCBs Suit
GREEN BAY, Wis. (WTAQ) - The federal government has agreed to pay $4.5 million toward the clean up of the Fox River in northeast ...
Mon, November 29, 2010
Settle clears up Momsen rumours
The teenager's role as Jenny Humphrey has been greatly reduced this season, and her appearances on the show have been sporadic.
Momsen's ...
Thu, November 18, 2010
UBS to settle Massachusetts hedge fund hotel case
BOSTON (Reuters) - UBS AG <UBSN.VX> has agreed to pay $100,000 to settle charges in Massachusetts that it failed to disclose that it ...
Mon, November 15, 2010
Dow Jones and Briefing.com settle "hot news" lawsuit
By Jonathan Stempel
NEW YORK (Reuters) - Dow Jones & Co and the financial news service Briefing.com have agreed to a settlement of a copyright ...
Thu, November 04, 2010
Panalpina, others settle to end U.S. bribery probes
WASHINGTON (Reuters) - Six companies including Swiss logistics firm Panalpina <PWTN.S> and Royal Dutch Shell <RDSa.L> have agreed to settle foreign bribery investigations ...
Wed, October 27, 2010
Former San Diego officials to settle fraud charges
WASHINGTON (Reuters) - Former San Diego officials will pay financial penalties to settle charges that they misled investors about the city's municipal bonds, the ...
Wed, October 27, 2010
Report: State Gives $150K to Settle Suit Of Guard Sexual Assault of Inmate
PRAIRIE DU CHIEN, Wis. (WTAQ) - The state gave $150,000 to a former prisoner and his attorney, to avoid a lawsuit that would have ...
Tue, October 26, 2010
UPDATE: Muslim Trucker, Schneider Settle Civil Rights Suit
PHILADELPHIA, Pa. (WTAQ) - A spokeswoman from Schneider National Inc. says a federal civil rights lawsuit filed by a Muslim truck driver has been settled ...
Thu, October 21, 2010
Office Depot, execs settle SEC disclosure charges
By Rachelle Younglai
WASHINGTON (Reuters) - Office Depot Inc <ODP.N>, its chief executive and a former executive agreed to collectively pay more than $1 ...
Fri, October 15, 2010
SEC and Mozilo in talks to settle civil fraud case: report
BANGALORE (Reuters) - Securities and Exchange Commission (SEC) and former Countrywide Financial Corp Chief Executive Angelo Mozilo are in discussions to settle the civil fraud ...
Thu, October 14, 2010
CVS to pay $78 million to settle meth ingredient probe
SAN FRANCISCO (Reuters) - CVS Caremark Corp has agreed to pay $77.6 million to settle an investigation that its drugstores allowed widespread sales of ...
Wed, October 13, 2010
Church turns to mediator to settle sex-abuse lawsuits
MILWAUKEE (WSAU) The Milwaukee Catholic Archdiocese has asked a mediator to help the church settle a dozen fraud lawsuits connected with sexual abuse by ...
Sat, October 09, 2010
It’s Time To Put The Buildup Behind Us And Settle The Score In What Could Be A Shootout This Afternoon At The Big House
The rivalry week showdown is set to kick off this afternoon at the Big House as either host Michigan or Michigan State will emerge ...
Mon, October 04, 2010
U.S. sues AmEx, Visa, MasterCard, latter two settle
By Maria Aspan and Diane Bartz
WASHINGTON/NEW YORK (Reuters) - The Justice Department sued American Express Co, Visa Inc and MasterCard Inc on Monday ...
Fri, October 01, 2010
EU finance ministers meet to settle bank taxes row
By John O'Donnell
BRUSSELS (Reuters) - European Union finance ministers met on Friday in a fresh attempt to agree a common approach to taxing ...
Sun, September 26, 2010
Republican Boehner says settle tax issue now
WASHINGTON (Reuters) - The top Republican in the House of Representatives said on Sunday that Congress should settle the issue of whether to extend tax ...
Fri, September 24, 2010
Top tech firms settle employment probe
WASHINGTON (Reuters) - Google, Apple, Adobe Systems, Intel, Intuit and Disney's Pixar reached a settlement with the Justice Department that bars the companies from ...
Tue, September 21, 2010
Lehman looks to settle with Societe Generale
NEW YORK (Reuters) - Lehman Brothers Holdings Inc <LEHMQ.PK> is seeking to settle a dispute with the New York branch of French bank Societe ...
Mon, September 20, 2010
HP and Hurd settle lawsuit over hiring at Oracle
By Gabriel Madway
SAN FRANCISCO (Reuters) - Hewlett-Packard Co has settled a legal dispute over Oracle Corp's hiring of Mark Hurd, as the two ...
Mon, September 20, 2010
General Growth, Hughes heirs to settle dispute: report
BANGALORE (Reuters) - U.S. mall owner General Growth Properties Inc <GGP.N> will take full ownership of a Las Vegas residential property by paying ...
Thu, September 16, 2010
Gulf spill judge says never too early to settle
By Tom Hals
NEW ORLEANS (Reuters) - The judge overseeing the hundreds lawsuits filed by shrimpers, restaurateurs and others against BP Plc and its partners ...
Fri, September 10, 2010
Ex-Pewaukee Cop Gets $180K to Settle Lawsuit, Complaint
PEWAUKEE, Wis. (WTAQ) - A former police officer in Pewaukee is getting $180,000 to settle a lawsuit and a discrimination complaint he filed.
Robert ...
Thu, September 02, 2010
Lautner challenged to push-up contest to settle lawsuit
The Twilight star filed suit against McMahon's RV earlier this month (Aug10) claiming the firm failed to deliver a vehicle for use on ...
Wed, September 01, 2010
Allergan to pay $600 million to settle Botox probe
By Debra Sherman and Jeremy Pelofsky
CHICAGO/WASHINGTON (Reuters) - Allergan Inc <AGN.N>has agreed to plead guilty and pay $600 million to resolve ...
Wed, August 18, 2010
Cuomo says 6 settle on hidden online shopping fees
By Jonathan Stempel
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo said six companies will pay $10.1 million of fines and restitution ...
Thu, August 05, 2010
AT&T in talks to settle EEOC age bias lawsuit
NEW YORK (Reuters) - AT&T Inc is in talks to settle a lawsuit by the Equal Employment Opportunity Commission that accuses the largest U ...
Tue, August 03, 2010
Packers DE Jolly Agrees to Settle Case
HOUSTON, Tex. (WTAQ) - Suspended Packers defensive end Johnny Jolly has agreed to a pre-trial diversion plan, effectively ending his jury trial on drug charges ...
Mon, August 02, 2010
HP agrees to settle government kickback probe
SAN FRANCISCO (Reuters) - Hewlett-Packard Co said on Monday it has agreed to settle a U.S. Justice Department probe into an alleged kickback scheme ...
Thu, July 29, 2010
Citigroup to pay $75 million to settle SEC charges
By Maria Aspan
NEW YORK (Reuters) - Citigroup Inc <C.N> will pay $75 million to settle charges that it failed to disclose subprime exposure ...
Fri, July 16, 2010
AIG to pay $725 million to settle fraud case
By Paritosh Bansal and Steve Eder
NEW YORK (Reuters) - American International Group Inc <AIG.N> agreed to pay $725 million to settle a long-running ...
Fri, July 16, 2010
Milwaukee to Pay $20K to Settle Gay Show Lawsuit
MILWAUKEE, Wis. (WTAQ) - The city of Milwaukee has paid $20,000 to a gay performing group, to settle a lawsuit that challenged the temporary ...
Thu, July 15, 2010
Goldman to settle with SEC for $550 million
By Rachelle Younglai and Steve Eder
WASHINGTON/NEW YORK (Reuters) - Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges ...
Wed, July 07, 2010
Barron Co. Paying $175K to Settle Lawsuit
BARRON COUNTY, Wis. (WTAQ) - Barron County will pay $175,000 to settle a lawsuit filed by a former county highway commissioner.
Brian Mattison said ...
Tue, June 29, 2010
SEC pays $755,000 to settle with fired staffer
BOSTON (Reuters) - The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired ...
Tue, June 29, 2010
SEC pays $755,000 to settle with fired staffer
BOSTON (Reuters) - The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired ...
Thu, June 24, 2010
Morgan Stanley to settle Mass. probe: source
BOSTON (Reuters) - Morgan Stanley <MS.N> has agreed to pay $102 million to settle an investigation in Massachusetts into the investment bank's subprime ...
Fri, June 18, 2010
Walgreen and CVS settle drug plan fight
By Phil Wahba
NEW YORK (Reuters) - CVS Caremark Corp <CVS.N> and Walgreen Co <WAG.N> ended an 11-day standoff over reimbursements for drug ...
Tue, June 15, 2010
Florida hopes to settle BP claims without courts
By Michael Peltier
TALLAHASSEE, Florida (Reuters) - BP Plc has done a poor job settling oil spill claims quickly and efficiently but pursuing the claims ...
Wed, June 09, 2010
Goldman unlikely to settle Timberwolf: source
By Steve Eder and Matthew Goldstein
NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> may be looking at new legal headache, as settlement ...
Tue, May 25, 2010
European banks settle Madoff cases
By Jonathan Stempel
NEW YORK (Reuters) - Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted ...
Fri, May 21, 2010
Appleton Coated Pays $70K to Settle Environmental Suit
APPLETON, Wis. (WTAQ) - A Fox Valley paper mill will pay $70,000 to settle a state environmental lawsuit. Attorney General J.B. Van Hollen ...
Wed, May 19, 2010
Vidic has score to settle for Serbia
BELGRADE (Reuters) - Defender Nemanja Vidic, the backbone of Serbia's World Cup challenge, has a score to settle in South Africa after suspension and ...
Wed, April 28, 2010
Randy Quaid, wife settle legal tussle in California
LOS ANGELES (Reuters) - Actor Randy Quaid and his wife settled their legal dispute with California authorities on Wednesday as Evi Quaid pleaded no contest ...
Tue, April 27, 2010
AstraZeneca, U.S. settle anti-psychotic drug case
WASHINGTON (Reuters) - AstraZeneca PLC <AZN.L> has agreed to pay $520 million to settle charges that it illegally marketed and promoted its schizophrenia drug ...
Sat, April 24, 2010
UBS, Ernst settle HealthSouth cases for $250.5 million
NEW YORK (Reuters) - The Swiss bank UBS AG and the accounting firm Ernst & Young LLP have agreed to $250.5 million of settlements to ...
Wed, April 21, 2010
Billy Joel, ex-drummer settle royalty lawsuit
By Jonathan Stempel
NEW YORK (Reuters) - Billy Joel's longtime drummer has settled a lawsuit accusing his former boss of depriving him of royalties ...
Wed, March 17, 2010
Wachovia pays $160 million to settle drug money probe
MIAMI (Reuters) - The Wachovia Bank unit of Wells Fargo & Co has agreed to pay $160 million to settle U.S. allegations that it laundered ...
Mon, March 15, 2010
Wachovia in talks to settle probe: report
(Reuters) - The Wachovia Bank unit of Wells Fargo & Co <WFC.N> is in talks with the U.S. Justice Department to settle complaints relating ...
Mon, March 15, 2010
DirecTV, Comcast settle on sports channel
NEW YORK (Reuters) - DirecTV Group and Comcast Corp said on Monday they have reached a deal to return Comcast's Versus sports network to ...
Mon, March 15, 2010
Wachovia in talks with U.S. to settle probe: report
(Reuters) - Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that ...
Thu, March 04, 2010
AIG units settle mortgage discrimination case
By Jeremy Pelofsky
WASHINGTON (Reuters) - Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will ...
Thu, March 04, 2010
Major League Baseball, Upper Deck settle lawsuit
By Jonathan Stempel
NEW YORK (Reuters) - Upper Deck Co will pay Major League Baseball Properties a "substantial" sum, plus more than $2.4 million ...
Tue, February 23, 2010
Cuomo, Oppenheimer settle over auction-rate debt
By Jonathan Stempel
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts ...
Mon, February 15, 2010
UWM Agrees To Settle Suit Filed By Campus Paper
MILWAUKEE, Wis. (WTAQ) - UW-Milwaukee has agreed to settle a lawsuit filed by its campus newspaper. The university agreed to provide much of what the ...
Fri, January 29, 2010
Staples to settle overtime claims for $42 million
NEW YORK (Reuters) - Staples Inc <SPLS.O> said it agreed to pay $42 million to settle several class-action lawsuits accusing the office supplies seller ...
Mon, January 11, 2010
BofA in talks to settle with Cuomo's office: report
(Reuters) - Bank of America Corp <BAC.N> is in talks with New York attorney general Andrew Cuomo's office to settle a probe on ...
Tue, December 29, 2009
Broadcom to pay $160.5 million to settle options suit
LOS ANGELES (Reuters) - Broadcom Corp <BRCM.O> said on Tuesday it will pay $160.5 million in cash to resolve an investor lawsuit accusing ...
Tue, December 22, 2009
THQ, Jakks, WWE settle lawsuit over joint venture
LOS ANGELES (Reuters) - THQ and its joint venture partner, Jakks Pacific Inc, settled litigation with World Wrestling Entertainment Inc over licenses for wrestling-themed video ...
Tue, December 08, 2009
U.S. to pay $3.4 billion to settle Indian trust lawsuit
By Tom Doggett
WASHINGTON (Reuters) - The U.S. government said on Tuesday it will pay $3.4 billion to settle a long-running lawsuit against ...
Wed, December 02, 2009
Wal-Mart agrees to settle wage claims-lawyer
LOS ANGELES (Reuters) - Wal-Mart Stores Inc has agreed to pay $40 million to settle a 2001 class action lawsuit by current and former employees ...
Wed, November 25, 2009
AIG, ex-CEO Greenberg reach pact to settle disputes
By Lilla Zuill
NEW YORK (Reuters) - AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal ...
Thu, November 12, 2009
Intel to pay AMD $1.25 billion, settle disputes
By David Lawsky
SAN FRANCISCO (Reuters) - Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal ...
Thu, November 05, 2009
Topps, Upper Deck settle baseball card lawsuit
NEW YORK (Reuters) - Topps Co, the trading card company, has settled a lawsuit in which it accused rival Upper Deck Co of stealing its ...
Wed, November 04, 2009
Ex-Merge Healthcare execs settle SEC fraud charges
NEW YORK (Reuters) - Two former top Merge Healthcare Inc executives agreed to pay $870,000 to settle U.S. Securities and Exchange Commission charges ...
Fri, October 30, 2009
Universal Health unit pays $27.5 million to settle claims
WASHINGTON (Reuters) - A subsidiary of Universal Health Services Inc has agreed to pay $27.5 million to settle allegations that it illegally paid compensation ...
Thu, October 01, 2009
BofA, ex-Merrill exec settle; he's free to work
By Grant McCool and Steve Eder
NEW YORK (Reuters) - Bank of America Corp <BAC.N> and former Merrill Lynch & Co brokerage chief Robert McCann ...
Tue, September 29, 2009
Boston Sci to pay J&J $716 million to settle suits
NEW YORK (Reuters) - Boston Scientific Corp <BSX.N> will pay Johnson & Johnson <JNJ.N> $716 million to settle more than a dozen patent dispute ...
Tue, September 29, 2009
Sears to pay record $6.2 million to settle bias case
By Jonathan Stempel
NEW YORK (Reuters) - Sears Holdings Corp agreed to pay a record $6.2 million to settle a lawsuit by the U ...
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