LAWSUITS NEWS & LEGAL INFORMATION
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Settlements - Financial
- Marathon Oil $1 million settlement in oil price manipulation lawsuit. (Aug-3-07)
- Nelnet Inc. $2 million settlement in unlawful loan practices lawsuit. (Aug-1-07)
- Michael Rice $100,000 settlement in market timing securities lawsuit. (Aug-1-07)
- New Jersey Department of Corrections $5 million payout to settle inmate housing costs lawsuit. (Jul-28-07)
- Cardinal Health Inc. $35 million settlement in fiscal misrepresentation suit. (Jul-27-07)
- ConAgra Foods Inc. $45 million civil fine to resolve improper accounting charges. (Jul-26-07)
- Citigroup Global Markets, Inc. Over $45 million settlement in market timing lawsuit. (Jul-25-07)
- Hartford Financial Services Inc. $115 million settlement in market timing lawsuit. (Jul-24-07)
- College Loan Corp. $500,000 payout to resolve loan lending practices lawsuit. (Jul-24-07)
- Timothy Hudson $47,500 settlement subsidized housing breach of contract lawsuit. (Jul-23-07)
- SmartForce Over $2.3 million settlement in fiscal fraud lawsuit. (Jul-20-07)
- Coastside Scavenger $100,000 surety bond given to resolve accounting breach lawsuit. (Jul-20-07)
- James Materna, John Holtzhauser, and Paul Venesky $302,000 settlement in accounting fraud lawsuit. (Jul-19-07)
- School District of Lancaster $400,000 settlement in breach of contract dispute. (Jul-19-07)
- NETeller $136 million settlement in federal business laws violation lawsuit. (Jul-19-07)
- Lehman Commercial Paper Inc. et al. $149 million settlement in short-term debt related lawsuit. (Jul-19-07)
- Citigroup Global Markets Nearly $1 million settlement in short-sale trading, securities lawsuit. (Jul-18-07)
- UBS Financial Services Inc. $23.3 million settlement in breach of fiduciary duties and anti-fraud laws violation suit. (Jul-18-07)
- Great American Group LLC and Hudson Capital Group LLC $3.1 million settlement in business liquidation lawsuit. (Jul-16-07)
- Ameriquest Mortgage Co. $21 million settlement in deceptive loan practices lawsuit. (Jul-16-07)
- Mirant Energy Trading LLC $11 million fine to resolve business fraud charges. (Jul-14-07)
- Jackson Hewitt $148,261 fine for dubious pre-file loan practices. (Jul-14-07)
- Oppenheimer & Co. Over $2 million settlement in financial fraud lawsuit. (Jul-11-07)
- Spear Safer $3.5 million settlement in financial fraud lawsuit. (Jul-11-07)
- Goshen, NY $9 million refund to resolve over assessed property tax dispute. (Jul-10-07)
- Intcomex and TGM, SA $3.3 million settlement reached in tax related lawsuits. (Jul-9-07)
- Omega Advisors Inc. $500,000 settlement in hedge fund bribery lawsuit. (Jul-9-07)
- Michael Cully and Douglas Newton Over $250,000 settlement with company heads in financial fraud lawsuit. (Jul-4-07)
- Mellon Financial Corp. $16.5 million settlement in tax related federal lawsuit. (Jul-2-07)
- TOUSA, Inc. Over $427 million settlement in mezzanine lenders' lawsuit. (Jul-2-07)
- GLG Partners $3.2 million fine for violating SEC norms in hedge fund sales. (Jul-1-07)
- American International Group Inc. $163 million in sub prime mortgage assessment lawsuit. (Jun-30-07)
- Mutual Benefits Corporation, Steven Steiner, Camden Consulting, Inc., and SKS Consulting, Inc. $3.925 million settlement in viatical scam lawsuit. (Jun-29-07)
- MidAmerican Energy Holdings Co. and El Paso Corp. $84 million settlement in Western energy crisis related lawsuit. (Jun-28-07)
- John Hancock $21 million settlement in revenue sharing securities lawsuit. (Jun-26-07)
- Xcel Energy Inc. $64.4 million settlement in federal tax bill dispute. (Jun-23-07)
- First Montauk Financial Corp. Merger termination results in $2 million refund. (Jun-22-07)
- Merrill Lynch, ING Bank, and Banca Monte Parma SPA 72 million euros ($96.5 million) settlement in bankruptcy related civil lawsuits. (Jun-21-07)
- PPL Electric Utilities $3.7 million refund to customers in utilities tariff revision suit. (Jun-21-07)
- Beaulieu Group, LLC $32 million settlement in false tax returns lawsuit. (Jun-21-07)
- Five Star Parking $5 million settlement in misappropriated parking fees lawsuit. (Jun-20-07)
- Executive Inn $1.5 million settlement in fire damages related lawsuit. (Jun-15-07)
- YMCA $534,000 settlement in civil fraud lawsuit. (Jun-14-07)
- Eastman Kodak Co. $1.877 million paid to resolve tax assessment dispute. (Jun-13-07)
- Loan Max $250,000 settlement for violating state loan fees and interest rates. (Jun-12-07)
- Dominion Diagnostics $1 million settlement in Medicaid over billing lawsuit. (Jun-11-07)
- New England Gas Company $546,219 refunded to customers for overcharged gas bills. (Jun-11-07)
- Marriott International Inc. Retirement plan issues result in a $220 million settlement with federal agencies. (Jun-11-07)
- Challenge Financial Investors Corp. $848,000 settlement for violating state loan supervision laws. (Jun-8-07)
- La Salle County, IL $200,000 settlement in tort fund related lawsuit. (Jun-7-07)