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A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former ... the federal WARN Act and labor laws. ... April 2023 loan repayment made by Bitwise to a ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
The lawsuits drove the company to declare bankruptcy in 1995, before it agreed to pay $2.3 billion to settle claims from 240,000 women in amounts ranging from $2,000 to $250,000 each in 2004 ...
[165] [166] The lawsuit claims the board members have consistently awarded themselves unfair and excessive compensation from 2017 to 2020. [166] In July 2023, the directors denied wrongdoing and settled the lawsuit by agreeing to return $735 million to the company, besides consenting to forgo compensation for the years 2021 through 2023. [167]
On March 15, 2024, the National Association of Realtors announced that it would settle the lawsuit rather than appeal. The group agreed to change how commissions are paid and to pay back $418 million over four years. [16] The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
The total value of the settlement will be about $7.25 billion. [9] [10] This amount could be decreased based on the number of plaintiffs who opt-out. [11] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013.