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Settlements

BUSINESS
April 27, 2004 | From Reuters
Janus Capital Group is close to announcing a settlement over alleged mutual fund trading violations, people close to the talks said Monday. One source said the company would pay more than $200 million in fines and disgorgement of profit. The settlement is expected to be announced within days, one source said. Denver-based Janus, which is scheduled to report first-quarter earnings Wednesday, last week said Chief Executive Mark Whiston would resign.
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CALIFORNIA | LOCAL
June 15, 1998 | KEN REICH
Lawyers will talk, so perhaps the only real surprise is that it's taken so long for word to leak out of the $100 million State Farm Insurance secretly paid last September to settle the so-called Allegro suit, which was filed by 117 victims of the Northridge earthquake. The settlement of the case, which was named after the first plaintiff listed, Irene Allegro of Northridge, was reached under a seal of "deepest confidentiality."
BUSINESS
January 31, 2004 | From Bloomberg News
General Motors Acceptance Corp., the financing arm of General Motors Corp., reached a tentative settlement of a class-action suit that claims its lending practices discriminate against blacks. Under the agreement, GMAC would change its policies on how much dealers could mark up interest rates, said GMAC and Wyman Gilmore, lawyer for the plaintiffs. The suit claims dealers charge black customers higher interest on car loans than white customers, adding an average of $350 to the cost of a car.
BUSINESS
January 12, 2007 | From Bloomberg News
Catholic Healthcare West's $423-million settlement with former patients who claimed they were charged excessive fees won a judge's final approval, a lawyer for patients said. Superior Court Judge Richard A. Kramer in San Francisco approved the accord resolving claims for as many as 780,000 uninsured patients at Catholic Healthcare West hospitals, attorney Kelly M. Dermody said.
CALIFORNIA | LOCAL
September 19, 2013 | By Martha Groves
The California Public Utilities Commission approved settlement agreements Thursday totaling $51.5 million with Southern California Edison and NextG Networks to resolve concerns about overloaded power poles that sparked the 2007 Malibu Canyon fire. The agreements announced earlier this year penalize the companies for wrongdoing and require the inspection of more than 60,000 poles to ensure they comply with the PUC's safety rules. SCE acknowledged a pole was overloaded and agreed to pay $37 million.
OPINION
December 15, 2009
He courts controversy Re "Crusading sheriff takes on his foes," Dec. 12 Because it's common knowledge that The Times has strong feelings of sympathy toward the plight of illegal aliens, it comes as no surprise that your recent article covering Maricopa County Sheriff Joe Arpaio would portray him in a negative light. Say what you want about the guy, but I love him. I wish he'd run for president. There must be other people who like him as well, because your article mentioned his reelection victory last year with 55% of the vote in Arizona's most populous county.
NEWS
August 11, 1999 | From Reuters
Sweeping away a last-ditch appeal by a smokers rights group, a state court has removed a major roadblock that has prevented tobacco companies from paying $25 billion to California coffers under the terms of a 1998 settlement. San Francisco City Atty. Louise Renne, who filed the first local suit against tobacco companies in 1996, said Monday that the decision by the California 4th District Court of Appeal in San Diego marked a major step toward finally freeing up the national tobacco money.
BUSINESS
June 27, 2001 | From Reuters
Publishers Clearing House said Tuesday it has agreed to pay $34 million to 26 states to settle all remaining allegations it used deceptive sweepstakes promotions to sell magazines. The agreement comes 10 months after the company, one of the largest U.S. magazine subscription agencies, settled with the other 24 states, including California, and the District of Columbia for $18 million.
BUSINESS
February 15, 2007 | From the Associated Press
Microsoft Corp. on Wednesday settled a class-action lawsuit filed on behalf of thousands of Iowans who bought the company's programs between 1994 and 2006. Terms of the deal were not disclosed. The lawsuit sought more than $330 million from Microsoft for allegedly engaging in monopolistic and anti-competitive conduct that caused customers to pay more for software than they would have if there had been competition. Redmond, Wash.
BUSINESS
May 5, 1998 | Times staff and wire reports
The tobacco industry has tentatively agreed to pay Minnesota between $5 billion and $6 billion to settle the state's lawsuit--but major stumbling blocks remained, sources said. Settlement talks between major tobacco companies, the state and its partner in the suits, Blue Cross/Blue Shield of Minnesota, have intensified in the last two weeks as the case has wound down. Barring a settlement, the case could go to the jury as early as Thursday.
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