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...
September 22, 2013 |
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.
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...
November 13, 2013 |
JERUSALEM -- New plans for Israeli settlements in the West Bank are adding fresh tension to the country's already stressed relations with the U.S. and the Palestinians. The announcement Tuesday of long-term development plans that would add 20,000 housing units in West Bank settlements was met with surprise and concern by U.S. officials. "Our position on the settlements is quite clear: We do not accept the legitimacy of continued settlement activity," said State Department spokeswoman Jen Psaki in a daily media briefing . The U.S. has expressed concern over steps that are "not conducive" to peace negotiations with the Palestinians, she said, "and settlements is certainly one of them.
November 15, 2012 |
British oil giant BP is more than prepared for the $4.5 billion in settlement charges it agreed to Thursday, analysts said. BP agreed to plead guilty to 11 felony counts of misconduct or neglect of ships officers directly related to the 2010 Deepwater Horizon explosion in the Gulf of Mexico that killed 11 workers. BP also agreed to one misdemeanor count under the Clean Water Act; one misdemeanor count under the Migratory Bird Treaty Act; and one felony count of obstruction of Congress.
February 26, 2012 |
The massive civil lawsuit stemming from the 2010 Deepwater Horizon oil spill, originally scheduled to go to trial Monday in New Orleans, has been postponed for one week to give oil giant BP and lawyers for more than 120,000 plaintiffs time to continue settlement talks. The postponement of the start of the trial to March 5 was announced in a joint statement Sunday from BP, which was in charge of the drilling project, and the group of plaintiffs' attorneys known as the Plaintiffs' Steering Committee, or PSC. "BP and the PSC are working to reach agreement to fairly compensate people and businesses affected by the Deepwater Horizon accident and oil spill," the statement read.
February 9, 2012 |
Federal and state officials on Thursday announced a landmark $25-billion agreement with the nation's five largest mortgage servicers to settle investigations involving foreclosure abuses and try to stabilize the housing market. The deal would give $17 billion in relief to current homeowners, mostly by reducing the amount of principal they owe on their mortgages. An additional $5 billion would be paid in cash to California and more than 40 other states as restitution for foreclosure paperwork problems and other improprieties by the servicers in the foreclosure process.
August 31, 2012 |
Three major publishers agreed Wednesday to pay $69 million in a settlement with states over e-book pricing. Hachette, HarperCollins and Simon & Schuster had previously agreed to settle in a suit brought by 49 states, the District of Columbia and four U.S. territories. A separate case by the Department of Justice is ongoing. The proposed settlement between the states and Hachette, HarperCollins and Simon & Schuster does not acknowledge any wrongdoing. The brief reads, in part, that the publishers “assert their actions were merely parallel, unilateral, or justified by market forces and completely legal.
March 8, 2012 |
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.
May 30, 2012 |
A pretrial hearing in the multibillion-dollar "Call of Duty" lawsuit was once again delayed as lawyers for all parties huddled in private talks that could result in a last-minute settlement. Proceedings were set to begin at 9 a.m. Wednesday after a similar delay on Tuesday , but attorneys for all parties involved in the case --Activision Blizzard Inc., "Call of Duty" co-creators Jason West and Vincent Zampella, and 40 developers who worked on the series -- instead spent most of the morning talking behind closed doors in conference rooms at a Los Angeles Superior Court building.