Former Rutgers Athletic Director Pernetti Getting $1.2M, iPad
Former Rutgers Athletic Director Tim Pernetti is getting $1.2 million in salary, plus an iPad, car allowance and more than two years of health insurance in a settlement.
settlement
UBS Near $450 Million Settlement with U.S., U.K. Over Libor
Swiss bank UBS AG is expected to pay more than $450 million to U.S. and British authorities to settle claims some of its employees submitted false Libor rates, the New York Times reported.
American Express Paying $112.5 Million in Late-Fee Settlements
American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.
NYSE Paying $5 Million Fine to Settle Charges on Data
The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public. It marked the first time the Securities and Exchange Commission ever imposed a fine on an exchange.
Kim Kardashian and Old Navy Settle Lawsuit Over Ad
Kim Kardashian has settled a lawsuit against Old Navy claiming the clothing retailer violated her publicity rights by using a lookalike in an ad.
Citigroup Agrees to Pay $590M in Shareholder Suit
Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank's growing problems before the financial crisis.
AT&T Owes TiVo a Lot of Money for Infringed Patents
Messing with TiVo's patents is a losing proposition for rival distributors of digital video recorders, as AT&T just became the most recent competitor to discover -- to the tune of at least $215 million.
BofA Settles Overdraft Fee Suit for $410 Million
More than 13 million Bank of America debit-card customers could see some repayment for excessive overdraft fees the bank charged them over the course of a decade. A federal judge has approved a $410 million settlement to compensate customers who were charged fees as a result of the bank posting transactions from highest to lowest dollar amount, rather than in the order they occurred.
Exclusive: Alleged Beauty Queen Fraudster Speaks Out
It can be tough to reconcile the two images of Juliette Kimoto: Mrs. Nevada 2006 and stay-at-home mom; and Internet scammer whom the FTC says ran a $30 million con. In our exclusive interview, she tells her side of the story, both pointing the finger at her ex-husband and defending what he did as just "marketing."
Alabama County Avoids Bankruptcy Filing
Jefferson County, Alabama's, sewer debt crisis is coming to a close. Commissioners voted Friday on a deal framework that will let it restructure and partially write off $3.14 billion debt, saving the county from filing for Chapter 9 in what would have been the largest municipal bankruptcy in U.S. history.
Relief for Homeowners in Mortgage Mess Settlement?
Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and housing activists say, because the independent review ordered by regulators is too weak.
Why Is the Fed Letting Big Banks Boost Dividends?
The Fed's decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called "stress tests" are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.
Foreclosure Mess Settlement Proposal Is No Fix at All
State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don't fully address the one of the fundamental problems of the crisis: Who really owns all those homes?
Decoding the GOP Argument Against Punishing Banks
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks' Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.
