settlement news stories on Newser

States Grab Robosigning Settlement—to Pay Own Bills

Kevin Spak — Wed, 16 May 2012 11:14:06 CDT

When banks agreed to hand the states billions of dollars to resolve the robosigning scandal earlier this year, the money was supposed to go to help struggling homeowners. Instead, more than a dozen states have used it to plug holes in their budgets, the New York Times reports. The latest...

Mets’ Owners Settle Madoff Case for $162M

Matt Cantor — Mon, 19 Mar 2012 10:22:22 CDT

The New York Mets' owners have avoided a trial over what they knew about Bernie Madoff's Ponzi scheme by settling today with the trustee for Madoff victims for $162 million, the New York Times reports. Trustee Irving Picard had sued Fred Wilpon and Saul Katz for $1 billion (later knocked...

Again, Obama Caves to Israel

Kevin Spak — Mon, 12 Mar 2012 13:30:00 CDT

President Obama hosted Benjamin Netanyahu last week, and unlike Bibi's last visit—a disaster for Obama—this one went well, with Netanyahu seemingly embracing the president. But that harmony came at the cost of Obama's principles on Israel, says Peter Beinart of Newsweek , in a modified excerpt from his new...

Calif., NY May Sign On to Robo-Signing Settlement

Kevin Spak — Mon, 06 Feb 2012 14:25:08 CST

California and New York are close to signing on to the Obama administration's multibillion dollar mortgage robo-signing settlement, significantly expanding the deal, the New York Times reports. If California signs on, the settlement total will jump from $19 billion to $25 billion. In exchange, the states want measures to help...

FDA to Rule on BPA Ban by March

Matt Cantor — Thu, 08 Dec 2011 13:57:05 CST

The FDA will finally make a firm decision about whether to ban BPA by March 31, thanks to a lawsuit settlement. The Natural Resources Defense Council called on the agency to ban the controversial chemical in 2008, but the FDA didn't take action within the time required by law; that...

Cain's Other Harassment Settlement: $45K

Kevin Spak — Thu, 03 Nov 2011 14:21:31 CDT

Herman Cain’s sexual harassment settlements weren’t as modest as he’s made them out to be. First the New York Times found that one settlement was an unusually high $35,000 , and now Politico has discovered that the other was an even heftier $45,000. Both figures are a far cry...

One Cain Accuser Did Receive Settlement: NBC

Evann Gastaldo — Mon, 31 Oct 2011 12:32:53 CDT

Although Herman Cain admitted to being “falsely accused” of sexual harassment, he said he personally never paid anyone a settlement related to the allegations—but NBC News confirms at least one woman did receive a settlement from the National Restaurant Association. During his earlier statement , Cain—who was president of...

News Corp Phone Hacking Settlement: $4.8M

Matt Cantor — Fri, 21 Oct 2011 11:44:05 CDT

As the phone hacking controversy rages on , News Corp has reached a settlement with the family of a murdered girl at the center of the case, Bloomberg reports. In keeping with an offer last month , the company’s British branch is paying Milly Dowler’s family about $3.2 million, with the...

News International Offers Dead Girl's Family $4.7M

Neal Colgrass — Mon, 19 Sep 2011 14:49:38 CDT

The price for illegal phone hacking has just skyrocketed for Rupert Murdoch. Seeking to settle a high-profile hacking case against Milly Dowler, a 13-year-old girl who was murdered in 2002, News International has offered her family roughly $4.7 million—a third of which would go to charity. But sources...