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Settlement

BUSINESS
December 10, 2012 | By Jim Puzzanghera
WASHINGTON -- Britain's Standard Chartered bank has agreed to a $327-million settlement with U.S. officials, who have been investigating the bank for possible violations of economic sanctions against Iran and other countries. The settlement, announced Monday, includes $132 million paid to the Treasury Department's Office of Foreign Asset Control and $100 million paid to the Federal Reserve. Treasury officials said the settlement resolves probes into apparent violations by the bank's London and Dubai offices from 2001 to 2007 of U.S. economic sanctions against Iran, Burma, Libya and Sudan, as well as a case involving sanctions related to foreign narcotics kingpins.
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BUSINESS
September 6, 2012 | Times wire services
NEW YORK — A federal judge has approved a U.S. government settlement with three major publishers accused of conspiring with Apple to fix the prices of electronic books. The ruling released Thursday requires the publishers, Hachette, HarperCollins and Simon & Schuster, to abandon a pricing system that they conceived in 2010 when Apple Inc. released the iPad and began selling digital books in its iTunes store. U.S. District Judge Denise Cote approved the deal nearly five months after the Justice Department filed an antitrust lawsuit alleging Apple worked with the largest digital book publishers to rig a system designed to counteract Amazon.com's pricing practices.
BUSINESS
November 5, 2013 | By Hugo Martin
If American Airlines and US Airways divest themselves from "key" airports, the U.S. Department of Justice may be willing to drop its challenge to a merger plan for the airlines. That is the word from U.S. Atty. Gen. Eric H. Holder Jr., who said the Justice Department was discussing a potential settlement of a suit the agency filed in August to halt the merger that would create the nation's largest airline. "What we have tried to focus on is to make sure that any resolution in this case necessarily includes divestitures of facilities at key constrained airports throughout the United States," Holder said during a press conference on an unrelated matter.
WORLD
August 13, 2013 | By Batsheva Sobelman
JERUSALEM -- Capping one of the busiest periods in settlement approval in years, Israel gave final planning permission to build about 900 more units of housing on land it seized in 1967, brushing aside U.S. and Palestinian objections ahead of peace talks scheduled to resume in Jerusalem on Wednesday. The development, quietly approved Monday, is located in Gilo, in the southern Jerusalem area. The announcement comes after Israel's Housing Ministry said Sunday it would publish tenders for 1,187 units of housing in the Jerusalem area and in Jewish settlements in the West Bank.
BUSINESS
February 9, 2012 | By Alejandro Lazo
Striking a populist note, California Atty. Gen. Kamala D. Harris appeared at a downtown Los Angeles news conference and praised the Golden State's share of a multi-state settlement as a “California commitment” that represents a “tremendous victory.” Harris said that the state's piece of the multibillion-dollar settlement was right for the most severely affected parts of the state. She also rejected claims that the controversial deal was a handout to people who did not live up their commitments.
AUTOS
February 27, 2013 | By Jerry Hirsch
Hyundai Motor America is inching closer to a settlement of claims it inflated the fuel economy ratings of its vehicles. Details of the deal are still to be worked out, but the automaker is expected to reach a settlement in 38 lawsuits on the fuel economy mislabeling, which have been combined and are being heard in U.S. District Court in Los Angeles. Its corporate sister, Kia Motors America, is expected to also settle the litigation. Photos: Vehicles with overstated fuel economy claims In November, the South Korean automakers said they overstated the fuel economy on nearly 1 million late-model vehicles after the discrepancy was discovered by the U.S. Environmental Protection Agency, which monitors the fuel economy tests by automakers.
ENTERTAINMENT
December 14, 2012 | By Christie D'Zurilla
Amanda Bynes has reached a settlement with the two victims of alleged hit-and-run accidents in April and August - with many but not all parties involved declaring satisfaction with the situation. The victims professed "full satisfaction" with the financial deals they'd cut through Bynes' attorney, according to E! News . And the former actress (she retired, remember , and she's rich?) was "satisfied and grateful for this outcome," her attorney told the website. Not so satisfied?
ENTERTAINMENT
June 6, 2013 | By Ryan Faughnder
This post has been updated. See below for details. Shares of TiVo Inc. jumped more than 8% on Thursday because of a report that the set-top box maker had reached a settlement with Google's Motorola Mobility unit.  TiVo sued Motorola last year for billions of dollars for patent infringement over its digital video recording technology. Motorola previously hit TiVo with a lawsuit over its DVR technology in 2011.  Bloomberg News...
WORLD
September 22, 2013 | By Edmund Sanders
JERUSALEM - Following the killing of two Israeli soldiers over the last three days, Israeli Prime Minister Benjamin Netanyahu said he would expand a controversial Jewish settlement in the West Bank city of Hebron. “We will continue to fight terrorism with one hand, and strengthen settlements with the other," Netanyahu said. In retaliation for the shooting of an Israeli soldier Sunday in Hebron, Netanyahu said he would allow for the immediate resettlement of Beit Hamachpela, a disputed building near Hebron's Tomb of Patriarchs and Ibrahimi mosque.
SPORTS
August 20, 2013 | By David Wharton
Oscar Pistorius' lawyers have approached the family of Reeva Steenkamp, the girlfriend he is accused of murdering, hoping to negotiate an out-of-court settlement of a lawsuit separate from the criminal case the athlete faces. Both sides confirmed the talks to South African media outlets but declined to discuss any details. "You will understand this is a very sensitive situation," Kenny Oldwage, one of Pistorius' attorneys, told the South African Times . Pistorius, a double-amputee sprinter who competed in the 2012 London Olympics, was indicted Monday for shooting Steenkamp in the early morning hours of Valentine's Day at his home.
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