updated - August 13, 2020 Thursday EDT
The U.S. Department Transportation’s Federal Aviation Administration (FAA) has announced in a press release that Boeing Commercial Airplanes has agreed to pay $12 million to settle its multiple pending and potential enforcement cases.
JPMorgan Chase & Co. has agreed to pay $150 million to settle investors’ claims, according to a report from Bloomberg. The company will be paying for claims that it hid from investors as much as $6.2 billion in losses caused by a trader dubbed the “London Whale.”
The Federal Trade Commission (FTC) has said in a press release that LifeLock, Inc. will settle the contempt charges that the FTC has filed against them alleging that they violated the terms of a 2010 federal court order. The company agreed to pay $100 million to settle the charges.
Springleaf Holdings, Inc. has announced in a press release that it will be selling 127 branches in 11 states as part of the settlement terms it has reached with the U.S. Department of Justice and the Attorney Generals of seven states. The settlement agreement has cleared the way for the closure of Springleaf’s acquisition of OneMain Financial Holdings, LLC.
The office of New York Attorney General Eric Shneiderman announced in a press release that it has reached $700,000 settlement agreement with Thrift Land USA of Yonkers, Inc. Thrift Land, a for-profit company, was caught making a lot of money from selling clothes that were supposedly donated for charity.
Viacom, Inc. and Cablevision Systems Corporation have settled their antitrust litigation that is related to a 2012 carriage agreement between the two companies, according to a press release issued by Viacom. The two companies are also entering into mutually beneficial business arrangements.
Lumber Liquidators Holdings, Inc. will be paying a combined total of $10 million in fines to the Environment and Natural Resources Division of the U.S. Department of Justice (ENRD), according to a press release issued by Lumber Liquidators. The payment is part of a settlement that Lumber Liquidators reached with the ENRD in the former’s compliance with the Lacey Act, a U.S. conservation law regarding the protection of plants, fish, and wildlife.
Hudson City Bancorp, Inc. has reached a settlement agreement with the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), according to a press release issued by Hudson City.
Duke Energy Corp. has announced in a press release that it has reached a settlement agreement with key Indiana consumer groups regarding its operating cost at its Edwardsport coal gasification power plant.
The U.S. Justice Department has just announced in a press release the filing of criminal charges against General Motors Co. (GM) for concealing a potentially deadly safety defect from the National Highway Traffic Safety Administration (NHTSA).
Geico, the auto-insurance unit of Warren Buffett’s Berkshire Hathaway Inc., has agreed to pay $6 million as settlement with the California Department of Insurance, according to a press release issued by the department.
Promontory Financial Group LLC, a consulting firm, has reached an agreement with the New York Department of Financial Services regarding the firm’s consulting work for Standard Chartered Bank between 2009 and 2011, according to a press release issued by the NYDFS.