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“#Judge will approve Purdue Pharma opioid deal that shields Sacklers” A federal judge said Wednesday he would approve OxyContin maker Purdue Pharma’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company’s wealthy Sackler family owners from future opioid litigation. Bankruptcy Judge Robert Drain said that with small changes he would…
“#Apple may loosen rules on App Store fees amid class-action lawsuit” Apple said it’s willing to loosen the notoriously strict rules on payments inside the iPhone’s App Store, making it easier for smaller developers to steer customers toward alternative payment methods as they look to sidestep the tech giant’s stiff fees. In a partial concession…
“#Boy Scouts to begin key hearing in bankruptcy case” DOVER, Del. — Attorneys for the Boys Scouts of America are asking a Delaware judge to approve an $850 million agreement that is the foundation of the group’s plan to emerge from bankruptcy. The judge was to begin a hearing Thursday on whether to approve the…
“#Victoria’s Secret settles sex-harassment suits before spinoff” Victoria’s Secret has settled a pair of investor lawsuits over sex harassment allegations as it gears up to be spun off into an independent, publicly traded company. The lingerie giant’s parent L Brands announced a $21 million settlement Friday that dispenses with two shareholder complaints, both of which…
“#Big 3 drug distributors, J&J reach landmark $26B opioid settlement” A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest US drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson, Cardinal Health and AmerisourceBergen…
“#Fotis Dulos’ lawyers barred from speaking about case for 40 years” Attorneys for Fotis Dulos, the Connecticut man accused of killing his estranged wife Jennifer, will not be allowed to discuss his infamous murder case for four decades under a new legal settlement. The lawyers must also return $137,000 of the $250,000 retainer Dulos paid…
“#Boy Scouts reach $850 million deal with sexual abuse victims” The Boy Scouts of America agreed to a milestone $850 million settlement as part of a restructuring of its bankruptcy case that lawyers representing some 60,000 sex-abuse victims say will provide “meaningful compensation.” Under the deal with lawyers of multiple victims groups, the BSA would…
“#Les Moonves waves goodbye to $120M exit package, ViacomCBS says” Disgraced ex-CBS chief executive Les Moonves has agreed to walk away from the $120 million exit package he lost when he was fired in 2018, ViacomCBS said. In a Securities & Exchange Commission filing on Friday, the company behind “SpongeBob SquarePants” and “NCIS” said its…
“#Universal Music paid record exec Charlie Walk $1.7M in sex-harass case” Universal Music Group paid its former high-flying record exec Charlie Walk $1.7 million to walk away in a 2018 amid sexual harassment and assault claims against him, according to newly unsealed court documents. The settlement amount was revealed in a separate legal dispute in…
“#Judge approves $650M Facebook privacy lawsuit settlement” SAN FRANCISCO — A federal judge on Friday approved a $650 million settlement of a privacy lawsuit against Facebook for allegedly using photo face-tagging and other biometric data without the permission of its users. U.S. District Judge James Donato approved the deal in a class-action lawsuit that was…