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Settlement Offer

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CALIFORNIA | LOCAL
April 4, 1995 | HOLLY J. WAGNER
Trustees of Newport-Mesa Unified School District are set to vote tonight on a resolution that would accept Option A of the settlement offer in the Orange County bankruptcy case. "The bottom line is that it gives us a significant amount of our cash now," said Michael Fine, the district's finance director. "For us it's a matter of survival." Option A would pay the district $62 million in cash, $11.1 million in recovery notes, $8.1 million in repayment claims and about $1.
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CALIFORNIA | LOCAL
October 29, 2013 | By Howard Blume
Los Angeles schools chief John Deasy has offered to resign in February, according to a proposed settlement obtained by The Times and other media outlets Tuesday. Under the proposed agreement, which was presented last Friday to Board of Education President Richard Vladovic, Deasy would resign Feb. 1, 2014. He would then continue to be available as a consultant through June 30, 2015. That arrangement would have allowed Deasy to receive his $330,000 annual salary for the balance of his contract.
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CALIFORNIA | LOCAL
March 26, 1985 | JOHN NEEDHAM, Times Staff Writer
Noted attorney Melvin Belli on Monday wound up his legal malpractice case against his longtime adversary and fellow lawyer, R. Browne Greene, by presenting a witness who claimed Greene once spoke of hiding a settlement offer from a client because he expected to get more money from a jury. Richard C.
BUSINESS
July 19, 2013 | By Chris O'Brien
After spending years and millions of dollars suing each other over their respective smartphone patents, Apple and Samsung have held talks this year in an attempt to reach a settlement.  The discussions were disclosed in documents recently released by the  U.S. International Trade Commission as part of a ruling it made granting a ban on Apple products, as had been requested by Samsung. President Obama must decide in the coming weeks whether to uphold that ban. The Wall Street Journal reported on Friday that the documents revealed that Apple made a settlement offer last September.
BUSINESS
November 21, 1987 | DEBRA WHITEFIELD, Times Staff Writer
Pennzoil upped the ante in its settlement demands on Texaco this week, proposing that the oil giant pay Pennzoil a non-refundable $1.5 billion in exchange for a promise that Texaco's total liability in the $10.3-billion battle over Getty Oil won't exceed $5 billion. Pennzoil's last settlement offer, made four months ago, was $4.1 billion. In the interim, the Texas Supreme Court upheld two lower court rulings in Pennzoil's favor, leaving Texaco with one last avenue of appeal--the U.S.
BUSINESS
January 1, 1998 | From Bloomberg News
BancAmerica Robertson Stephens & Co. on Wednesday said it faces a possible $5-billion judgment in a class-action lawsuit that alleges the brokerage colluded with other firms to rig stock prices on the Nasdaq Stock Market. The San Francisco-based brokerage, a BankAmerica Corp. unit, is the lone holdout from a landmark $1.01-billion settlement between 36 brokerages and investors who filed the 1994 antitrust suit.
NEWS
July 8, 1992 | RONE TEMPEST, TIMES STAFF WRITER
French riot police using army tanks succeeded in clearing truck barricades from most major highways Tuesday, but many protesting truckers ignored a government settlement offer, continuing a nine-day road blockade that has paralyzed cross-country road travel, stranded thousands of vacationers and forced industries to lay off workers.
BUSINESS
January 20, 2013 | Liz Weston, Money Talk
Dear Liz: My daughter co-signed a student loan for a friend who failed to pay the debt. Now my daughter cannot refinance her home because this loan appears on her otherwise very good credit reports. She has been getting calls from a collection agency. I called the agency to discuss what it would cost to get her released from all liability regarding this loan, and they gave me an offer of $13,000 to satisfy the debt, which is now $35,000. I countered with $9,000, since the original loan was just $15,000, but they refused.
SPORTS
September 11, 1991 | From Staff and Wire Reports
Martina Navratilova made a settlement offer to a former companion who has filed a palimony lawsuit against the tennis star. Judy Nelson emerged from a courtroom in Ft. Worth and said she would consider the offer before deciding whether to end her legal quest for a share of the nine-time Wimbledon champion's assets.
ENTERTAINMENT
October 7, 1988 | JOHN VOLAND, Arts and entertainment reports from The Times, national and international news services and the nation's press
And a Cleveland judge has declared a mistrial in a $2.75-million suit filed by a television cameraman against Prince because the Cleveland Plain Dealer reported a $100,000 out-of-court settlement offer and thus might have prejudiced a fair trial. Common Pleas Judge Frank J. Gorman admonished the paper for revealing the rejected offer in the lawsuit by photographer James R. Gates. The lawyers told the judge they had heard the settlement offer reported on radio stations Wednesday morning.
CALIFORNIA | LOCAL
June 26, 2013 | By Howard Blume
Attorneys representing a group of Miramonte students and parents responded aggressively to renewed pressure on their clients to settle abuse claims filed with the Los Angeles Unified School District. They accused the nation's second-largest school system of bullying tactics. They also asserted L.A. Unified continues to put students at risk by failing to act on recommendations they first put forward in September. L.A. Unified "uses fear and intimidation to quiet and silence victims,” said attorney Brian Claypool.
CALIFORNIA | LOCAL
June 25, 2013 | By Howard Blume
Alleged victims of abuse at Miramonte Elementary have until July 5 to accept recent settlement offers from the Los Angeles Unified School District, officials said Tuesday. The school district pressed its point with a new website that emphasized that fact with a countdown clock clicking toward the deadline second by second. "The reason we're setting up the website is to provide information to the community -- both to the community at Miramonte and to the taxpaying community at large," said Sean Rossall, an L.A. Unified spokesman.
BUSINESS
January 20, 2013 | Liz Weston, Money Talk
Dear Liz: My daughter co-signed a student loan for a friend who failed to pay the debt. Now my daughter cannot refinance her home because this loan appears on her otherwise very good credit reports. She has been getting calls from a collection agency. I called the agency to discuss what it would cost to get her released from all liability regarding this loan, and they gave me an offer of $13,000 to satisfy the debt, which is now $35,000. I countered with $9,000, since the original loan was just $15,000, but they refused.
ENTERTAINMENT
November 6, 2012 | By Carolyn Kellogg
The European Union is poised to accept a settlement in the case it brought against Apple and publishers over e-book price fixing, Reuters reports. Apple and four publishers -- Hachette, HarperCollins,  Macmillan and Simon & Schuster -- were part of a settlement offer made in September. "European Union regulators are to accept an offer by Apple and four publishers to end an antitrust probe into their e-book prices, two sources said," Reuters writes , "handing Amazon victory in a bid to sell online books cheaper than its rivals, sources said.
SPORTS
August 6, 2012 | By Chuck Schilken
New Orleans Saints linebacker Jonathan Vilma may or may not have a settlement offer from the NFL for a reduced suspension if he drops his lawsuit against Commissioner Roger Goodell. It depends on whose anonymous source you choose to believe. Vilma has been suspended for the all of the 2012 season for his alleged involvement in a bounty program. He has filed a civil lawsuit against Goodell for defamation of character. Citing "sources familiar with the discussions," ESPN is reporting that late last week the league made an offer to reduce Vilma's suspension to eight games as part of court-ordered settlement talks between the NFL, theNFL Players Assn.
CALIFORNIA | LOCAL
May 8, 2008 | Janet Wilson, Times Staff Writer
Chevron, BP and other major oil companies have agreed to pay $423 million to settle more than 500 lawsuits brought by water suppliers and users in California and 19 other states over groundwater contaminated with the gasoline additive MTBE. In California, 11 plaintiffs would receive more than $78 million plus possible reimbursement for future treatment of nearly 1,100 wells, attorneys said.
BUSINESS
August 15, 1996 | Times Staff and Wire Reports
HIV Settlement Offer Tentatively OKd: An estimated $640-million settlement offer from four drug companies to thousands of U.S. hemophiliacs infected with HIV from tainted blood products won preliminary approval from a federal judge in Chicago. The action means the offer will be formally sent to the hemophiliacs involved in the class-action suit for approval. The companies--Collegeville, Pa.-based Rhone-Poulenc Rorer Inc., Deerfield, Ill.-based Baxter International Inc.
SPORTS
August 6, 2012 | By Chuck Schilken
New Orleans Saints linebacker Jonathan Vilma may or may not have a settlement offer from the NFL for a reduced suspension if he drops his lawsuit against Commissioner Roger Goodell. It depends on whose anonymous source you choose to believe. Vilma has been suspended for the all of the 2012 season for his alleged involvement in a bounty program. He has filed a civil lawsuit against Goodell for defamation of character. Citing "sources familiar with the discussions," ESPN is reporting that late last week the league made an offer to reduce Vilma's suspension to eight games as part of court-ordered settlement talks between the NFL, theNFL Players Assn.
BUSINESS
June 30, 2007 | From Times Wire Services
Oracle Corp.'s $9-million settlement to resolve claims that it improperly denied overtime pay to workers was rejected by a federal judge who said it was unfair to employees and a "bonanza" for Oracle and the workers' lawyers. U.S. District Judge William Alsup in San Francisco said the proposed accord, which includes $2.25 million in attorney fees, didn't provide adequate notification to hundreds of Oracle's U.S.
BUSINESS
December 10, 2005 | From Reuters
Patent holding company NTP Inc. has rejected an offer by BlackBerry maker Research in Motion Ltd. to settle their legal battle and the two sides are not negotiating, NTP co-founder Don Stout said Friday. Stout said RIM made an "unacceptable" written offer Thursday to settle NTP's patent infringement lawsuit, which could shut down the popular BlackBerry e-mail service in the U.S. "They have responded yesterday in a manner which is unacceptable, so we're not negotiating," Stout said.
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