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Bank of America must be used to shelling out billions to settle class-action lawsuits by now. One settlement involving the company in 2012 stipulated it reimburse shareholders $2.43 billion for ...
If you bought anything from deodorant to soft drinks in the past several years, you could have hundreds of dollars waiting for you. Major companies dole out millions of dollars every day in class...
The settlement amount includes both the civil (False Claims Act) settlement and criminal fine. Glaxo's $3 billion settlement included the largest civil False Claims Act settlement on record, [1] and Pfizer’s $2.3 billion ($3.5 billion in 2022) settlement including a record-breaking $1.3 billion criminal fine. [2]
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
Judge certifies Wal-Mart class action - U.S. business- nbcnews.com; The Coalition For Change, Inc. (C4C) (Listing of racial discrimination class actions in the Federal government) Wal-Mart will pay $40m to workers - The Boston Globe (December 3, 2009) Mississippi's first class-action lawsuit filed over oil spill - Oil Spill - SunHerald.com (30 ...
The settlement included a payment by the companies of $365.5 billion, agreement to possible Food and Drug Administration regulation under certain circumstances, and stronger warning labels and restrictions on advertising. In exchange the companies would be freed from class-action suits and litigation costs would be capped. [10]: 422
Class members can opt out of the monetary part of the settlement in addition to objecting in court. Visa, MasterCard, and issuing banks can scuttle the settlement if merchants that account for 25 percent or more of credit card spending in the United States since January 1, 2004, to the approval of the settlement. [11]
The distributors did not admit wrongdoing as part of the settlement. The $300 million will be paid 38.1% by McKesson, 30.9% by Cardinal and 31% by Cencora, which was previously known as ...
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