Why did the Petrobas settlement cost $3 billion?
One action, the $3 billion Petrobas settlement, accounts for much of the disparity between the two years. Federal court settlements were largely tied to violations of the Employment of Manipulative and Deceptive Practices rule (or Rule 10b-5 of the Securities and Exchange Act of 1934).
What are some of the biggest personal injury settlements in history?
This list below is an overview of some of the biggest personal injury settlements in American history. An eight-year old boy in Texas had his life effectively ruined after he was sexually assaulted, doused in gasoline and set on fire by a demented teenager.
What is the Randstad North America settlement?
On May 7, 2020, the Division signed a settlement agreement with Randstad North America, Inc., to resolve claims arising from a charge-based investigation into the company’s Form I-9 and E-Verify practices at its South Plainfield, New Jersey, location.
What was the settlement with citistaff?
On October 6, 2017, the Division signed a settlement agreement with CitiStaff Solutions, Inc., a Los Angeles-area staffing agency, and a related entity CitiStaff Management Group, Inc., (together, “CitiStaff”) resolving an investigation into the company’s employment eligibility verification (Form I-9 and E-Verify) practices.
How much did the Fen Phen settlement cost?
In 2000, a federal judge approved a $3.75 billion settlement for victims of the diet drug known as fen-phen. The drug potentially caused fatal heart valve damage. Before the drug was removed from the market, it was used by millions of people as a weight loss aid.
Who were the tobacco companies in the 1998 Master Settlement Agreement?
This included Philip Morris, R. J. Reynolds, Brown & Williamson, and Lorillard.
Why was the oil spill payout so large?
A major reason for the size of the payout was to cover the federal penalties for the massive amount of environmental damage directly caused by the spill. The remaining amount went to state and local governments for recovery efforts, as well as for private settlements for victims of illnesses like cancer.
How much did the tobacco companies pay in the settlement?
The final settlement agreement required these companies to pay $206 billion dollars.
How much did BP pay for the 2010 oil spill?
A New Orleans judge gave final approval on a payout nearing $20 billion dollars, which would be paid in both private and public settlements.
How many settlements were made under the 10b-5 rule?
Of the 105 settlements, 84 received judgments in federal courts. A total of 74 federal court settlements were tied to Rule 10b-5, three of which stemmed ...
How many federal settlements were there in 2019?
In addition to federal court settlements, 21 of the 101 settlements in 2019 were completed in state courts. Twelve state court settlements addressed violations of fiduciary duties resulting from corporate transactions.
What is the 10b-5 charge in the Delaware case?
The Delaware Chancery Courts and the California Superior Courts handled eight approved settlements apiece in 2019. Of the two 2019 settlements recorded in the Top 100, Cobalt International Energy, Inc. was charged with 10b-5 and SEC 11 allegations. Alibaba was charged with violating rule 10b-5 of the Securities Act which stemmed from misstatements ...
How many settlements were approved in 2019?
During 2019, ISS Securities Class Action Services (ISS SCAS) recorded 101 approved monetary settlements filed in the United States (U.S.) valued at $3.17 billion, that are available for distribution to parties in each settlement. Only two settlements were large enough to qualify for the Top 100 list:
How many settlements were made for violations of GAAP?
Additionally, six federal settlements were made for violations of Generally Accepted Accounting Principles (GAAP), and four companies were identified as having to restate their financials.
What is the top 100 report?
The Top 100 Report provides a wealth of information, including the settlement date, filing court, settlement fund, and identifies the key players for each settlement. The report is broken down into following categories:
Where did the Cobalt action take place?
The Cobalt action occurred in the Southern District of Texas and was led by Bernstein Litowitz Berger & Grossmann and Entwistle & Cappucci. Alibaba’s action occurred in the Southern District of New York and was led by The Rosen Law Firm.
1. Archdiocese of Los Angeles One
One of the largest settlements in the U.S. involved a religious institution. The Archdioceses of Los Angeles paid compensation of $660 million for cases of sexual abuse in 2007. The claims settled were for the clergy’s 508 survivors of sexual abuse, with each person receiving about $1.3 million.
2. The U.S.A. Gymnastics and United States Olympic & Paralympic Committee
In the agreed $380 million settlement, the over 500 sex abuse survivors of Dr. Larry Nassar sought the money to help them overcome problems like PTSD, depression, anxiety, and attempted suicides. The doctor’s young female victims also included some of his patients at Michigan State University.
3. University of Southern California
A former gynecologist’s sexual assault of patients at the University of Southern California (USC) resulted in a civil lawsuit against the college. Despite complaints by patients and medical staff against the doctor, the action taken against him was insufficient. The sexual assault lawsuits filed were against Dr.
4. San Diego Clergy
In 2007,144 survivors of sexual abuse by San Diego clergy priests were awarded $198.1 million. These former altar boys each received about $825,000 for the sexual abuse they suffered at the hands of 48 priests and a coordinator.
5. Fox News Channel
A sexual harassment scandal at Twenty-First Century Fox Inc. resulted in a $90 million settlement of claims made by the shareholders at the Fox News Channel. The defendants were several officers and directors, but they never admitted to the allegations made against them.
6. The Diocese of St. Cloud
Clergy abuse survivors of the Diocese of St. Cloud received a settlement of $22.5 million. In 2020, the diocese had to file for Chapter 11 bankruptcy because of failed negotiations for the settlement amount.
7. Roger Ailes
Roger Aisles, Fox News CEO in 2016, was accused of sexual harassment by Gretchen Carlson, the former Fox News broadcaster. She went on to sue the parent company of Fox News Channel, receiving a formal apology and a $20 million settlement. By mid-2016, Roger Ailes left the company, but with a $40 million settlement.
What is the settlement agreement with Adaequare?
(Adaequare) to resolve an independent investigation into whether the company engaged in citizenship or immigration status discrimination in violation of 8 U.S.C. § 1324b (a) (1) (B). IER’s investigation concluded that the company, which recruits workers for other entities, engaged in discrimination in the hiring or recruitment/referral for a fee processes by considering only applicants who were U.S. citizens and lawful permanent residents when filling a job for a client. Under the settlement agreement, the company will pay a civil penalty to the United States, train its employees on anti-discrimination obligations, and be subject to departmental reporting requirements.
When did R.E.E. sign a settlement agreement?
On August 5, 2019, the Division signed a settlement agreement with R.E.E. Inc. d/b/a McDonald’s (“R.E.E.”) resolving charge-based and independent investigations into the company’s employment eligibility verification practices at McDonald’s franchises in the Texas Rio Grande Valley.
What is the settlement agreement with Chancery Staffing?
On February 18, 2020, the Division signed a settlement agreement with Chancery Staffing Solutions LLC, aka TransPerfect Staffing Solutions , a legal staffing company headquartered in New York, NY. The Division had previously filed a lawsuit in May 2019 alleging that from at least April 4, 2017 to at least July 7, 2017, the company (while operating as TransPerfect Staffing), had implemented a client directive restricting its recruitment and hiring of attorneys for a document review project to U.S. citizens only, and later, to U.S. citizens without dual citizenship. Under the settlement agreement, Chancery Staffing will pay a civil penalty of $27,000, provide back pay to victims identified during the term of the settlement agreement, and participate in Division-provided training on the anti-discrimination provision contained in 8 U.S.C. § 1324b. Chancery Staffing will also obtain supporting documentation from clients that request a citizenship status restriction when staffing a project to help ensure that any such restriction is lawful.
What is the settlement agreement with National Systems America?
On January 14, 2021, the Division signed a settlement agreement with National Systems America, LP (NSA) to resolve claims based on its independent investigation into whether the company engaged in discrimination based on citizenship status in the hiring and employment eligibility verification processes in violation of 8 U.S.C. § 1324b (a) (1) (B) and (a) (6). The company recruits employees using a foreign company as its agent, and directly hires them to perform IT work for NSA clients. IER’s investigation concluded that the company (1) engaged in a pattern or practice of recruiting and hiring only U.S. citizens or U.S. citizens and lawful permanent residents for certain positions without legal justification, in violation of 8 U.S.C. § 1324b (a) (1) (B); and (2) on numerous occasions, requested copies of Permanent Resident Cards to confirm the citizenship status and work authorization of candidates who identified themselves as lawful permanent residents during the applicant screening process, in violation of 8 U.S.C. § 1324b (a) (6). Under the settlement agreement, the company will pay a civil penalty of $34,200 to the United States and train its employees on the requirements of the INA’s anti-discrimination provision, and be subject to departmental reporting requirements.
What is the Facebook lawsuit?
citizens, U.S. nationals, refugees, asylees, and recent lawful permanent residents) in its recruitment and hiring practices, in violation of 8 U.S.C. § 1324b (a) (1). The lawsuit alleges that Facebook routinely refused to recruit, consider, or hire U.S. workers for positions that it reserved for temporary visa holders in connection with the permanent labor certification process (“PERM”). The complaint alleges that beginning no later than January 1, 2018 and lasting until at least September 18, 2019, Facebook used recruiting methods designed to deter U.S. workers from applying to positions reserved for temporary visa holders, refused to consider U.S. workers who applied to the positions, and hired only temporary visa holders for the positions.
What was the settlement agreement with Tuscany Hotel and Casino?
On October 10, 2012, the Department of Justice issued a press release announcing a settlement agreement with Tuscany Hotel and Casino resolving a lawsuit alleging the company discriminated against certain non-U.S. citizen s during the employment eligibility verification and reverification processes by requesting those individuals to provide more or different documents or information than required under Form I-9 rules based on their citizenship status. Under the terms of the settlement agreement, Tuscany agreed to pay a civil penalty of $49,000 to the government and full back pay to an economic victim. Tuscany will also receive OSC-sponsored training regarding the anti-discrimination provision of the INA, be subject to reporting and monitoring requirements, and will revise its employment eligibility verification procedures.
When did ChemArt settle?
ChemArt (Unfair Documentary Practices and Retaliation) June 2020. On June 3, 2020, IER signed a settlement agreement with ChemArt, a Rhode Island manufacturing company, resolving claims that the company discriminated against a worker during the employment eligibility verification process and then retaliated against her.
