settlement

  • Merck reaches $950 million settlement over off-label marketing of Vioxx

    Pharmaceutical giant Merck & Co. agreed Tuesday to pay $950 million to settle criminal and civil charges surrounding the alleged false promotion of its painkiller Vioxx, which was withdrawn from the marketplace after claims of heart attacks and other injuries surfaced.

  • Investors request “shroud of secrecy” lifted in BofA’s $8.5 B settlement

    Another page was written in the epic drama surrounding Bank of America Corp. and its seemingly endless legal trouble this year. A lawyer representing American International Group Inc. told U.S. District Court Judge William Pauley in New York Wednesday that investors want the “shroud of secrecy” lifted over the proposed $8.5...

  • Federal court to review BofA’s proposed $8.5 billion settlement

    Beleaguered Bank of America Corp. (BofA) just received confirmation that its legal troubles are far from over.

  • BofA asks judge to toss AIG’s counsel from $10 billion case

    Life for Bank of America (BofA) continues to be a struggle. The latest drama is currently unfolding in a New York courtroom as the beleaguered bank spars with equally bedraggled American International Group Inc. (AIG) over a massive, $10 billion lawsuit.

  • SEC to vote on $200 million to $300 million Citigroup settlement

    The Securities and Exchange Commission (SEC) will vote this morning on Citigroup Inc.’s proposed agreement to pay between $200 million and $300 million to settle fraud charges associated with its sale of a $1 billion mortgage-bond deal that was backed by subprime mortgages.

  • BP, Anadarko end Gulf oil spill dispute

    Two companies involved in last year’s Gulf oil spill announced Monday they will settle claims over the disaster. Anadarko Petroleum Corp. will pay BP $4 billion, a higher-than-expected figure, analysts said.

  • BofA to consider Countrywide bankruptcy

    The scent of blood is in the water. As the sharks continue to circle, Bank of America (BofA) reportedly is considering taking drastic steps to protect itself from the tsunami of lawsuits continually flooding the company in the wake of the Countrywide Financial Corp. takeover.

  • BofA sat on knowledge of AIG lawsuit for 7 months

    The seemingly endless saga of companies suing Bank of America Corp. (BofA) over losses related to mortgage-backed securities took another turn yesterday as reports surfaced that the bank knew as early as January that American International Group Inc. (AIG) intended to sue the company for $10 billion—a full seven months...

  • LegalZoom and Missouri reach a settlement

    The legal battle that ensued last month between Missouri and LegalZoom.com, an online service that allows people to create their own legal documents, has ended with the two parties settling, the AP reported on Monday.

  • BofA seeking shield from further suits

    Just days after news broke that Bank of America (BofA) is facing a new lawsuit from 15 former Countrywide Financial Corp. investors that lost money during the housing collapse comes word that the company is now looking to the government for help shielding itself from further litigation.

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