September 26, 2013 |
For the better part of four years, former college athletes have been fighting in court to be compensated for the popular video games that bear their likenesses and jersey numbers. Now they have won a partial victory. On Thursday, attorneys for the players announced a settlement that will pay tens of thousands of former athletes -- if not more -- for games that included their likenesses dating to 2003. Even before the agreement, Electronic Arts had announced the discontinuation of its “NCAA Football” series. The amount it will now pay -- which was not disclosed -- must be approved by a judge.
December 10, 2012 |
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.
June 12, 2012 |
UC Irvine law students will travel California this summer to help determine if five giant banks are fulfilling the pledges they made in a $25-billion settlement of foreclosure-abuse investigations. The students -- three this summer, and later expanding to eight or nine -- will meet with housing counselors, legal-aid groups and homeowners. They will work for a consumer-protection clinic set up by Katherine Porter , the UC Irvine law professor tapped by California Atty.
September 6, 2012 |
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.
August 13, 2013 |
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.
November 5, 2013 |
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.
February 9, 2012 |
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.
June 6, 2013 |
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...
February 5, 2013 |
Nasdaq soon may pay a penalty for its flawed handling of Facebook Inc.'s initial public offering. But it may not be paying all that much. The Wall Street Journal reported that Nasdaq is in settlement talks with the Securities and Exchange Commission to pay about $5 million to resolve the agency's eight-month investigation of Nasdaq's technological miscues in the closely watched IPO. That would be a fraction of the estimated $500 million...
August 20, 2013 |
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.