Posted inLawsuits Settlements
Concussions, CTE, & Closure
The family of Junior Seau has reached settlement with the National Football League over his 2012 suicide. The Hall of Fame linebacker, who played more than half of his 20...
Posted inLawsuits Settlements
Campbell: No Soup for You
Investors are boiling over a famous American brand's communication tactics, or lack thereof. Campbell Soup is being sued by a hedge fund called Third Point, whose main investor is billionaire...
Posted inLawsuits Settlements
Settlement: SEC Smells Musk
Tesla CEO Elon Musk's settlement with the SEC has been approved by a judge. The South African businessman and investor was accused of fraud after tweeting that he had secured...
Posted inLawsuits Settlements
Class Action: Cash or Credit?
Visa and Mastercard are just two companies ordered to pay over $900m in the latest from a class action lawsuit. Other defendants include JP Morgan Chase, Bank of America, and Citigroup. Much of the settlement and disagreement was around card-swiping fees, ie the banks were over-charging for uses of credit and debit cards, everywhere from major retail stores to smaller mom-and-pop shops. In this iteration of the settlement, Visa will pay an additional $600m, Mastercard will pay another $108m, and the other banks will make up the rest, totaling $900m. That amount is to be added on to the remainder of the lawsuit, which now exceeds $6b. The lawsuit was filed in a U.S. Eastern District Court of New York.
Posted inSettlements
Operating on Autopilot
While some employees wish they could take a quick nap while their bosses are not looking, one California DMV employee took snoozing on the job to a whole new level. From February 2014 until December 2017, the worker slept at least 3 hours a day at her job. The daily naps continued for nearly 4 years, with little to no discipline issued to her by supervisors.