LAWSUITS NEWS & LEGAL INFORMATION
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Settlements - Financial
- Praxis Housing Initiative $790,000 settlement for setting up profitable housing units using not-for-profit start up and operating expenses. (Nov-28-05)
- Roberts Hawaii and Trans Hawaiian Services $800,000 settlement awarded to Aloha Airlines after not being paid for packaged tours. (Nov-23-05)
- Bartholomew Consolidated School Corp. $3 million settlement for miscalculating students and collecting state funding. (Nov-22-05)
- Columbus Construction Corp. Estimated $4 million settlement awarded to Donald Trump after being overcharged for work at his National Golf Club in Briarcliff Manor. (Nov-16-05)
- Riggs National Corp. of PNC Financial Services Group Inc. $3.8 million settlement awarded to shareholders after the bank pleaded guilty to hiding money for foreign leaders. (Nov-16-05)
- Bank of New York $38 million in fines for fraud and money laundering. (Nov-15-05)
- Insurer Royal & Sun Alliance $11 million settlement awarded to Wilmington Trust regarding disputed coverage at the Student Finance Corporation. (Nov-9-05)
- Fluor Corp. $12.5 million out of court settlement regarding the handling of U.S. government contracts (Nov-7-05)
- Birse £3.2 million settlement awarded to Citibank for breach of contract related to a new data facility in London, England. (Nov-7-05)
- Wells Fargo $1 million settlement for unfair business practices arising out of overdraft protection program. (Oct-14-05)
- Sourcecorp Inc. $30 million settlement from former owners to current owners regarding an internal investigation and financial restatement. (Sep-29-05)
- Leslie Reynolds & Co Ltd. 9.5 million tax fraud settlement for under declaring income tax from engineering component distribution. (Sep-29-05)
- Waddell & Reed $11 million settlement in restitution awarded to 150 consumers whose variable annuities were switched without their best interest. (Sep-19-05)
- Visiphor Corp. $400,000 settlement awarded to OSI Systems of a long standing dispute. (Sep-6-05)
- Eisenhower Medical Center $8 million settlement for fraudulently over billing Medicare during the 1990s and manipulating costs to gain greater reimbursement. (Sep-1-05)
- KPMG $456 million fine paid to the federal government regarding the sale of questionable tax shelters from 1996 to 2002. (Aug-30-05)
- Waste Management Inc. $20 million settlement for accounting fraud. (Aug-12-05)
- Harvard University $30 million settlement for illegally making money by helping Russia privatize hundreds of companies. (Aug-11-05)
- Morgan Stanley $6.1 million settlement awarded to NASD and 3,500 customers for failing to monitor fee based transactions. (Aug-8-05)
- American Express Financial Advisors Inc. $5 million fine for theft by deception in failing to supervise its financial advisers. (Jul-12-05)
- Mutual of Omaha $55 million settlement to Kindred Healthcare for Medicare cost report issues. (Jul-5-05)
- Citigroup Inc. $25 million settlement awarded to UK Financial Services Authorities for fraudulent European government bond trades. (Jul-5-05)
- Applied Card Systems $1.5 million settlement awarded to the State of West Virginia for violating consumer protection laws and abusive collection methods. (Jun-28-05)
- DPC Tianjin A $4.8 million fine for foreign bribery. (May-31-05)
- Sallie Mae A $14 million pay out to the College Loan Corp. (May-23-05)
- University of Missouri System A $10 million fund for in-state students. (May-20-05)
- MCI Inc. A $100 miilion settlement for taxes to Mississippi. (May-10-05)
- Hollinger International A $50 million settlement. (May-10-05)
- Matt Kelly An 8.9 million euro tax settlement. (May-10-05)
- The Clorox Company A $228 million tax settlement to the IRS. (May-10-05)
- RS Investment $30 million settlement with officials over hedge funds (May-6-05)
- Waddell & Reed Financial Inc. A 32.5 million for questionable exchange of variable annuities. (May-6-05)
- Safety-Kleen Former top executives ordered to pay $200 million (May-3-05)
- Providian Financial Corp. $105 million settlement over unlawful fees and charges to customer's credit cards (May-3-05)
- Federated Investors Inc. A $51 charge for illegal after hours trading. (May-2-05)
- Tyson Foods Inc. A $1.5 million civil settlement. (May-2-05)
- National Consumer Council, Debt Management Foundation Services, and Better Budget Financial Services A $6 million settlement. (Apr-9-05)
- Son of Boss A $3.2 billion recovery awarded to the IRS for unpaid taxes, interest and penalties. (Apr-4-05)
- Anna Kournikova A confidential settlement has been reached between the tennis star and her parents over their waterfront house in Miami. (Mar-28-05)
- Denis Foley A 580,000 pound settlement for tax fraud. (Mar-27-05)
- Art Technology Group Inc. An $11.8 million settlement for a leasing dispute. (Mar-26-05)
- Capital Factors defraudment settlement (Mar-24-05)
- American Electric Power Company Inc. An $81 million settlement for mininformed trading. (Mar-23-05)
- Deutsche Bank Securities Inc. $87.5 million conflict of interest settlement (Mar-21-05)
- Merrill Lynch A $3.5 million settlement for failing to supervise financial advisors. (Mar-20-05)
- Mike Wing A $200,000 settlement awarded to the US Space & Rocket Center. (Feb-18-05)
- Boston & Maine Railroad A $3 million settlement for avioding property tax. (Feb-18-05)
- Louis Pearlman of Trans Continental Records. $15 million verdict.. (Oct-18-04)
- Forstmann Little & Co. A $15 million settlement has been reached in the pensio.. (Oct-18-04)
- Dolphins running back Ricky Williams. An arbitrator has found that Williams mu.. (Oct-18-04)