Word: settlement
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...smoked since age 17, persuaded the jury to punish the company for malicious deception she claims lured her into addiction. They were so disgusted that they set the award a full $8 billion higher than Bullock’s attorney requested, and $25 billion higher than the largest settlement to date...
...their short history, collective suits have already shown their potential to penetrate the armor of the tobacco industry. In a 1998 settlement between the industry and 45 states, for example, tobacco companies agreed to pay out $206 billion in damages over 25 years, in addition to sponsoring anti-smoking advertisements and programs to help smokers quit. The unprecedented size of this settlement, together with the small but important reforms on which it is contingent, represent the first forced concession of the seemingly impervious industry. In Miami, the first class action lawsuit decided by trial has yielded a $144 billion award...
...meeting that followed, at the attorney general's Manhattan office, between Spitzer and Charles Prince, the new head of Citi's subsidiary Salomon Smith Barney, marked the beginning of what is shaping up as a far-reaching peace treaty. Spitzer, who used a $100 million settlement with Merrill Lynch to reform stock research on Wall Street, wants a similar and more expensive pact with Citigroup to address systemic abuses in the way lucrative initial public offerings (IPOs) of stock have been showered on CEOs who sent investment-banking business to Citi. Spitzer is still digging for dirt, so any deal...
...scrutiny from at least five investigating bodies. Citi negotiators are now leading an effort to settle all matters regarding IPO allocations and analyst conflicts with all regulators and on behalf of all of Wall Street. The Citi team met with Spitzer last week and then had an initial "global" settlement session with the Securities and Exchange Commission (SEC). The National Association of Securities Dealers (NASD) and the New York Stock Exchange are in close contact with the discussions and will be part of any comprehensive deal. People close to those talks call them "preliminary." Under discussion is setting up stock...
...Traveler settlement near Fort Worth, Texas, where Toogood has lived, local non-Travelers say prepubescent boys carry wads of cash and drive their parents' flashy new cars. Some Travelers are indeed yonks, the cant term for thieves. Six North Augusta Travelers pleaded guilty last year to using fraudulent documents to buy cars. Toogood's husband John is facing trial in Montana for allegedly duping elderly residents with faulty home-repair work...