Erisa Suit $5m Settlement Reached in Elevator Workers’ …
Aug 23, 2024 · Two elevator workers have asked a Pennsylvania federal court to approve a $5 million settlement in their class action lawsuit against their union's retirement plan. The workers accused the plan's trustees of violating the Employee Retirement Income Security Act (ERISA) by allowing excessive fees and poor investment options, which they claim drained tens of thousands
Nostrum Labs Filed For bankruptcy Amid $68.3M Debt
Oct 1, 2024 · New Jersey-based pharmaceutical company Nostrum Laboratories has filed for Chapter 11 bankruptcy protection, reporting nearly $68.3 million in debt. The company, known for a bladder infection drug that saw a controversial price hike, is facing a combination of secured and unsecured claims totaling over $63 million. Nostrum Labs …
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4 days ago · Key Takeaways Historic First: Donald J. Trump, the nation’s 47th President-elect, has been declared a felon on 34 counts yet received an unconditional discharge, sparing...
SEC’s $108M Fraud Suit Against OnPassive - USA Herald
Aug 28, 2024 · In a pivotal legal decision, a Florida federal judge refused to dismiss a $108 million fraud lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ashraf Mufareh, his wife Asmahan Mufareh, and their company OnPassive LLC. The SEC accused the couple of orchestrating a fraudulent, unregistered securities offering that lured more than 800,000
Disney $43M Settlement in Equal Pay Class Action - USA Herald
Nov 26, 2024 · The Walt Disney Co. has agreed to pay $43.25 million to settle a class-action lawsuit accusing the company of systematically underpaying thousands of women in middle management compared to their male counterparts. The settlement, filed Monday in Los Angeles Superior Court, resolves a five-year legal battle alleging violations of California’s Equal Pay Act and the Disney agrees to a $43.25 ...
Exxon Seeks $1.8B Tax Refund in Qatar Gas Deal Trial
Oct 4, 2024 · Exxon Mobil Corp. is urging a Texas federal judge to rule in its favor in a $1.8 billion tax trial over payments made under a natural gas deal with Qatar. The company claims the U.S. government failed to effectively counter its argument during the five-day bench trial held in April, where Exxon sought a tax refund for deductions it believes were wrongfully denied by the IRS.
Hyundai Trade Secrets Suit Dismissed Over Venue Dispute
Oct 4, 2024 · A California federal judge has dismissed a trade secrets lawsuit against Hyundai Motor Co. by startup Soelect Inc., ruling that the claims related to electric vehicle battery technology were filed in the wrong venue. The suit alleged Hyundai misappropriated Soelect's battery innovations and violated a nondisclosure agreement. Hyundai Trade Secrets Suit : …
MetLife Subsidiary Reaches Settlement Over Iran Sanctions …
Nov 27, 2024 · Under the Microscope OFAC’s Action: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has investigated American Life Insurance Company (ALICO), a MetLife subsidiary, for apparent violations of Iranian sanctions. Settling the Score: ALICO’s $178,421 settlement acknowledges its responsibility for insuring entities tied to the Iranian government, underscoring the ...
Biggest Environmental Cases In 2024 to Capture Headlines
Jan 1, 2024 · In a legal spectacle with potential seismic shifts, the U.S. Supreme Court gears up for two watershed cases in 2024 that may reshape administrative law across industries. At the heart of Loper Bright v. Raimondo and Relentless v. U.S. Department of Commerce is a challenge to a National Marine Fisheries Service rule, but the real
Cynosure Wins $25M Verdict In Poaching Trial - USA Herald
Oct 3, 2024 · Medical device company Cynosure secured a $25 million jury award after a Massachusetts federal court found that rival Reveal Lasers and two former Cynosure sales managers had violated noncompete, nonsolicitation, and nondisclosure agreements. The verdict concludes a contentious trial over claims that Reveal Lasers raided Cynosure’s sales and marketing teams, causing significant business losses.