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BUSINESS
May 17, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Hall of Fame quarterback Joe Montana said they improved his strength and posture. Celebrity Kim Kardashian boasted they allowed her to ditch her personal trainer. But federal and state officials said the rocker-bottom Shape-ups and other toning shoes made by Skechers USA Inc. don't live up to the hype from the company and its high-profile endorsers. On Wednesday, the Manhattan Beach company agreed to pay $50 million to settle false-advertising allegations by the Federal Trade Commission and the attorneys general of 44 states, including California, as well as the District of Columbia.
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ENTERTAINMENT
May 23, 2012 | By Richard Verrier
Paramount Pictures has agreed to pay $18.5 million to settle a lawsuit filed by a movie extra who sustained a serious head injury during filming of the blockbuster Paramount Pictures movie "Transformers: Dark of the Moon."Gabriela Cedillo, 26, was driving a car in a background scene when she was struck in the head by a stunt vehicle that broke lose from a cable during filming of the movie in Hammond, Ind. The accident on Sept. 1, 2010, left Cedillo with permanent brain injuries.
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NATIONAL
December 16, 2007 | Bob Drogin, Times Staff Writer
washington -- Mitt Romney twice emphasized his unique business background when he and eight other Republican presidential candidates faced off in a debate last week in Iowa. "I've spent the last, as I've told you, 25 years in the private sector," former Massachusetts Gov. Romney declared at one point. "I understand why jobs come and why jobs go. I've done business in 20 countries."
NEWS
May 23, 2012 | By Marc Lifsher, Los Angeles Times
SACRAMENTO — Some of California's share of the money from a national legal settlement with big mortgage lenders can be used to help fill a hole in the governor's proposed budget, the Legislature's nonpartisan policy advisor recommended. The legislative analyst's office reported Tuesday that $411 million should be used for a variety of purposes. Atty. Gen. Kamala D. Harris, who reached the settlement together with other state attorneys general, wanted to use most of the $411 million on financial counseling and education.
BUSINESS
March 12, 2012 | By Jim Puzzanghera and E. Scott Reckard, Los Angeles Times
Homeowners more deeply underwater on mortgages handled by five major U.S. banking firms are prime candidates for getting help from a $25-billion nationwide settlement over alleged foreclosure abuses. That's because the settlement gives the nation's largest mortgage servicers more incentives to help those who owe 40% to 75% more than the value of their homes, according to details of the settlement filed Monday in U.S. District Court in Washington. In a complex series of formulas designed to maximize the effect of the deal reached last month, banks will get more than six times the credit for reducing loans for severely underwater borrowers than they would for helping those who owe 5% to 15% more than the value of their homes.
BUSINESS
October 30, 2011 | Ken Bensinger, Los Angeles Times
First of three parts Tiffany Lee wanted a car. She was weary of the two-hour bus ride to her job at a UCLA Health System clinic. She hated having to ask friends to drive her 7-year-old son to his asthma treatments. But as a single mother with three children, bad credit and a $27,000-a-year salary, she couldn't find a bank or dealership willing to give her a loan. Then a friend steered her to Repossess Auto Sales in Hawthorne. Another buyer might have balked at the deal she was offered.
CALIFORNIA | LOCAL
May 19, 2012 | By Patrick McGreevy, Los Angeles Times
SACRAMENTO - The state paid a $74,400 settlement to a company co-owned by the husband of state Sen. Mimi Walters (R-Laguna Niguel) after her office repeatedly called the prisons agency to check on a claim filed by the firm. The senator's husband, David Walters, co-owns a company that provides pharmacists to the California corrections system. The firm filed a claim with the state last year contending that the business was underpaid for its services. A spokesman for Mimi Walters said this week that the aide who made the calls, D. Everett Rice, was following the senator's policy to aggressively help constituents deal with state red tape.
TRAVEL
October 23, 2011 | By Karen Leland, Special to the Los Angeles Times
After hiking downhill 90 minutes on a three-mile trail with 26 switchbacks, we came to a clearing with a long, peaceful stretch of sandy white beach juxtaposed against the aqua ocean. Almost anywhere else in Hawaii, this majestic site would be an indication of a five-star resort around the corner. But here on the remote peninsula of Kalaupapa, on the island of Molokai, the end of the trail had only a small collection of worn, sun-washed wooden bleachers on which we sat and waited for a yellow school bus to arrive and take us on a tour of this critical piece of Hawaiian history.
BUSINESS
March 29, 2012 | By Nathan Olivarez-Giles
Apple's " antennagate " is finally coming to an end, with $15 going to each qualifying iPhone 4 owner who claims a share in a class-action lawsuit over the fourth-generation iPhone's infamous antenna problems. The settlement terms, announced Thursday with the launch of a website , will issue $15 in cash to owners of the iPhone 4 "who have experienced antenna or reception issues," "been unable to return their iPhone 4 without incurring any costs" and "been unwilling to use a case or free bumper for their iPhone 4. " Apple has been giving away free "bumper" cases to iPhone 4 owners since July 2010 , after consumers complained that the phone could lose its cellular signal if held certain ways.
BUSINESS
March 8, 2012 | Bloomberg News
Mario Batali, the celebrity TV chef and owner of a string of restaurants, is often seen with actress Gwyneth Paltrow, taste-testing the culinary delights of Spain in their public television series "On the Road Again. " Batali took a detour, through his lawyers, to New York federal court in Manhattan, where he was sued and accused of cheating workers of part of their tips for serving wine. He and his associate Joseph Bastianich agreed to pay $5.25 million to settle the class-action lawsuit, according to court papers.
BUSINESS
May 22, 2012 | By David Sarno
The heads of Apple Inc.and Samsung Electronics Co. will sit opposite each other in settlement talks this week, even as the rival smartphone makers continue to blast each other with patent infringement claims. Apple Chief Executive Tim Cook was scheduled to participate in a mediation conference with Samsung Chief Executive Gee-Sung Choi in front of a San Francisco judge Monday and Tuesday to discuss how to speed the resolution of a high-profile U.S. patent case. The 13-month-old case in the U.S. District Court in Northern California is one of many around the world that are amounting to a bruising patent war. The two companies have repeatedly accused one another of copying the look and function of their rival's tablets and smartphones.
BUSINESS
May 22, 2012 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - Europe's top antitrust official said that Google Inc. may have abused its dominance to squelch online competition and urged the company to settle allegations to avoid formal charges that could carry a hefty fine. A quick resolution to the investigation that began in 2010 would benefit the fast-moving online marketplace, Joaquin Almunia, head of competition policy for the European Commission, said in a rare public call to end the case quickly. A settlement "at an early stage is always preferable to lengthy proceedings," Almunia said.
CALIFORNIA | LOCAL
May 19, 2012 | By Patrick McGreevy, Los Angeles Times
SACRAMENTO - The state paid a $74,400 settlement to a company co-owned by the husband of state Sen. Mimi Walters (R-Laguna Niguel) after her office repeatedly called the prisons agency to check on a claim filed by the firm. The senator's husband, David Walters, co-owns a company that provides pharmacists to the California corrections system. The firm filed a claim with the state last year contending that the business was underpaid for its services. A spokesman for Mimi Walters said this week that the aide who made the calls, D. Everett Rice, was following the senator's policy to aggressively help constituents deal with state red tape.
BUSINESS
May 19, 2012 | By Marc Lifsher and Alejandro Lazo, Los Angeles Times
SACRAMENTO - Efforts to ease California's foreclosure woes, among the worst in the nation, are running into roadblocks at the state Capitol. A rare legislative conference committee called to rescue a pair of stalled foreclosure-prevention bills is bogged down in marathon sessions. Meanwhile, Gov. Jerry Brown is pushing to use some of California's share of the $25-billion national mortgage settlement to plug holes in the state's budget, dismaying housing activists. Since the start of the real estate bust, foreclosures have been a persistent drag on the state's homeowners and economy.
SPORTS
May 17, 2012 | By Bill Shaikin
The Dodgers' new owners could reap hundreds of millions of dollars in benefits from the confidential terms of a U.S. Bankruptcy Court settlement between former owner Frank McCourt and Major League Baseball. The terms can be enforced for up to 40 years, with final authority over distribution of the Dodgers' television revenue granted to the court rather than to MLB, according to two people familiar with the sale process but not authorized to discuss it. As a result, the Dodgers' new owners could retain millions each year that otherwise would be shared with other teams.
CALIFORNIA | LOCAL
May 16, 2012 | By Richard Winton, Los Angeles Times
The mother of a mentally ill homeless man who died after he was beaten by Fullerton police has reached a settlement with the city that will pay her $1 million, officials announced Tuesday evening. The agreement unanimously approved by the Fullerton City Council resolves Cathy Thomas' legal claims against the city involving the death of Kelly Thomas, 37. He died July 10, five days after his violent confrontation with Fullerton Police Department officers. Thomas reached the settlement after voluntary mediation with her attorney, city officials said.
CALIFORNIA | LOCAL
May 16, 2012 | By Richard Winton, Los Angeles Times
The mother of a mentally ill homeless man who died after he was beaten by Fullerton police has reached a settlement with the city that will pay her $1 million, officials announced Tuesday evening. The agreement unanimously approved by the Fullerton City Council resolves Cathy Thomas' legal claims against the city involving the death of Kelly Thomas, 37. He died July 10, five days after his violent confrontation with Fullerton Police Department officers. Thomas reached the settlement after voluntary mediation with her attorney, city officials said.
CALIFORNIA | LOCAL
May 12, 2012 | By Alexandra Zavis and Ashley Powers, Los Angeles Times
Clarence Ayers was baffled. At 73, he was raising his great-granddaughter in rural Fresno County. He relied on $334 a month in public assistance to help cover the teenager's expenses: new shoes when she outgrew her old ones, transportation to the after-school activities she enjoyed. But last summer, county officials said they were slicing his CalWorks payment by 10% and for the most perplexing of reasons: Over the years, they had mistakenly sent $10,000 to the girl's mother and grandfather.
BUSINESS
May 9, 2012 | By E. Scott Reckard
It's not quite a check in the mail, but certain distressed mortgage borrowers at Bank of America Corp. will be happy they opened the letter anyhow. The Charlotte, N.C., lender said Tuesday it has begun contacting about 200,000 customers who have fallen behind on home loans and owe more than their current home values. It is notifying them that they may qualify to have their loan balances reduced as much as $100,000 as part of a $25-billion, 49-state settlement over foreclosure abuses.
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