Search results
Results From The WOW.Com Content Network
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.
In 2002, about 50% of the company's debt portfolio had come from major credit card issuers including Visa, MasterCard and Discover. The portfolio had a value of $4.7 billion, based on money owed by 1.5 million individual debtors. In 2002, PRA had 590 employees across all sites and divisions. [10] PRA went public on November 8, 2002.
[27] [28] Reported losses increased to $5.5 billion in late April on a notional exposure of over $20 billion, or more than half of the bank's capital at the time. [ 29 ] On April 16, 2021, Morgan Stanley reported a loss of nearly $1 billion related to the Archegos collapse, $644 million by selling stocks it held related to Archegos' positions ...
Scam letter posted within South Africa. An advance-fee scam is a form of fraud and is a common confidence trick.The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum.
Since defendants" often couldn't or wouldn't pay the entire settlement up-front, Rothstein tells the investor that his first harassment case many years ago, involved a $3.5 million settlement and a million-dollar legal fee, so Rothstein assigned the settlement to a good friend and the plaintiff settles for $3 million without a trial.
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Its assets of ¥1 trillion (US$13.3 billion) as at 31 March 2011 included ¥175.5 billion (US$2.2 billion) of goodwill, an intangible asset. [19] Under the leadership of Tsuyoshi Kikukawa, who became president in 2001, the company's revenues increased from ¥467 billion to ¥847 billion while the profits were a relatively constant ¥35 billion.
If accepted, the settlement would increase their total recovery to approximately 79% of the outstanding amount. [88] However, in early December 2024, NIAG withdrew its support because it disagreed with FTIL's approach to the MIPD court, seeking access to ₹300 crore of attached assets to cover the operational expenses of the settlement, with ...