settlement
By Dietrich Knauth NEW YORK (Reuters) – A Roman Catholic diocese in Long Island, New York announced a new bankruptcy settlement on Thursday that would pay more than $323 million to about 530 sex abuse survivors who alleged they were abused by priests when they were children. The Roman Catholic…
By Mike Spector and Dietrich Knauth (Reuters) -Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the size of the…
By Tom Sims FRANKFURT (Reuters) -Deutsche Bank has proposed a settlement to shareholders who sued Germany’s largest bank for underpaying them for the acquisition of Postbank but the offer is too low, a lawyer for the plaintiffs said on Friday. The lawyer, Jan Bayer (OTC:), rejected the bank’s proposal as…
By Mike Spector NEW YORK (Reuters) – Johnson & Johnson (NYSE:) is preparing to unveil widespread support in coming days for a $6.48 billion offer to settle tens of thousands of legal actions alleging its Baby Powder and other talc products caused cancer, two people familiar with the matter said. …
Johnson & Johnson (NYSE:) has made significant progress toward advancing its $6.5 billion plan to settle thousands of lawsuits from individuals who claim its baby powder caused cancer, Bloomberg News reported on Monday. More than 75% of those involved approved J&J’s proposal in a confidential vote that concluded in late…
By Dietrich Knauth NEW YORK (Reuters) -Johnson & Johnson has cleared a key threshold of support for its proposed $6.5 billion settlement of tens of thousands of lawsuits alleging its baby powder and other talc products caused cancer, according to a Bloomberg report. More than 75% of claimants voted in…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa (NYSE:) and Mastercard (NYSE:) agreed to limit fees they charge merchants who accept their credit and debit cards. U.S. District Judge Margo Brodie in Brooklyn concluded that she was…
Disneyland guests who paid nearly $1,400 for a Dream Key annual pass can soon expect a check from Disney.Payments from the $9.5 million settlement were sent to eligible class action lawsuit members through the mail and digitally on June 14. The settlement included over 100,000 people.Jenale Nielsen filed the lawsuit…
By Laura Matthews and Carolina Mandl NEW YORK (Reuters) – U.S. trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and regulators on alert for increased trade failures and other hiccups in the world’s largest financial market over the coming days. Investors in U.S. equities,…
By Huw Jones LONDON (Reuters) – Britain’s stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall…
