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SEC rethinks sweetheart settlements

Jun 19, 2013
Many times when companies settle with the Securities and Exchange Commission, they don't have to admit they did anything wrong. That practice may be changing.
Posted In: Securities and Exchange Commission, Mary Jo White, settlement

Toyota agrees to $1 billion settlement

Dec 27, 2012
The automaker Toyota has agreed to one of the largest settlements in automotive history. Pending court approval, the company will pay more than $1 billion to resolve a class-action lawsuit related to unintended acceleration.
Posted In: Toyota, car, settlement

BP: Too big to nail?

Nov 16, 2012
After agreeing to pay the U.S. government $4.5 billion to settle criminal charges stemming from the Gulf oil spill, BP could face even higher civil penalties. Is such grave punishment in the government's best interest?
Posted In: BP, bp oil spill, settlement

Bank of America settles suit over Merrill Lynch deal

Sep 28, 2012
Bank of America will pay $2.4 billion to shareholders who accused it of withholding negative information about Merrill Lynch's finances.
Posted In: Bank of America, Merrill Lynch, settlement

Bank of America settles $2.4 billion lawsuit

Sep 28, 2012
Bank of America will pay $2.4 billion to shareholders as part of a settlement announced this morning. It's compensation for maybe not sharing the whole story when B of A bought the failing brokerage Merrill Lynch in 2008.
Posted In: Bank of America, Merrill Lynch, banking, settlement

Standard Chartered shares up after settlement

Aug 15, 2012
Standard Chartered was on the brink of going to court because of allegations that it hid thousands of financial transactions with Iran. Instead, the bank settled without admitting any wrongdoing.
Posted In: Banks, Standard Chartered, settlement

Mixed response from retailers over credit card settlement

Jul 16, 2012
Major credit card companies -- Visa and Mastercard -- as well as big banks have agreed to pay more than $7 billion to retailers to compensate for alleged price fixing of credit card fees. Some retailers think the settlement does not go far enough to protect retailers and consumers.
Posted In: Retail, Credit Cards, fees, settlement

Visa, Mastercard reach $7 billion settlement over fees

Jul 16, 2012
Visa, Mastercard, and some big banks agreed to pay $6.6 billion late Friday to end a fight over fees they charge retailers. And the settlement is likely to affect all of us.
Posted In: mastercard, visa, Credit card, settlement

New settlement comes out of Madoff Ponzi scandal

Jun 25, 2012
There's a new settlement related to the Bernie Madoff Ponzi scheme. It's about a money manager named Ezra Merkin, who has agreed to pay more than $400 million dollars to his former customers who lost billions when he invested their money with Madoff.
Posted In: Bernie Madoff, legal, settlement

BP plans to move forward after settlement

Mar 5, 2012
The big oil company BP has settled with thousands of Gulf Coast residents and businesses for their economic losses and medical claims from its massive 2010 oil spill -- to the tune of $7.8 billion.
Posted In: BP, Oil, settlement, deep water drilling

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