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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.
The jury awarded $1.8 billion in damages, ... The judge presiding over the case granted preliminary approval to the settlement on April 23, 2024. [17]
In December 2013, a federal judge approved a $5.7 billion settlement in the case that offered payouts to merchants who had paid credit card fees, the largest antitrust settlement in U.S. history. Some large retailers, such as Wal-Mart and Amazon , chose to not participate in this settlement, however, and have continued their legal fight against ...
In 2011, Cabela’s World’s Foremost Bank agreed to pay $10.1 million in restitution and a $250,000 fine as part of a settlement agreement with the Federal Deposit Insurance Corporation (FDIC). [71] The bank did not admit any wrongdoing in the agreement, but did agree to change certain practices. [72]
The U.S. savings and loan crisis of the 1980s and early 1990s was the failure of 747 savings and loan associations in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. federal government. [1]
After widespread identity theft due to weak security in the point-of-sale terminals at Target, Home Depot, and other major retailers, Visa, Mastercard and Discover [80] in March 2012 – and American Express [81] in June 2012 – announced their EMV migration plans for the United States. [82]
With the jury seated and attorneys about to make their opening statements, Davis announced Dominion and Fox News had reached a settlement. Fox agreed to pay Dominion $787.5 million. At the time of the settlement, Fox Corporation had $4.1 billion cash on hand. [59] Deadline Hollywood reported that the payment would be tax-deductible for Fox. [60]
With total assets of US$967.8 billion, [2] it is one of the biggest banks in the world, and consistently ranks among the largest banks globally. ING is the Dutch member of the Inter-Alpha Group of Banks , a co-operative consortium of 11 prominent European banks. [ 4 ]