Settlements

Settlement Ends Debtors’ Prison in Washington County

After struggling with addiction and mental illness, Jayne Fuentes served her time, found a job and got her life back on track. But even though she’d been sober and crime-free for years, one thing dogged her: fear of being jailed or forced to do physical labor because she can’t afford to pay the government. Jayne is among the scores of people who owe Benton County, Washington thousands of …


Appeals Court Nixes $7.25B Credit Card Swipe Fee Settlement

A $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees was rejected Thursday by a federal appeals court, a ruling praised by a retail trade association as a victory for consumers. The 2nd U.S. Circuit Court of Appeals in Manhattan said the 12 million merchants covered by the antitrust class action were inadequately represented by law …


Bohemian Grove to Settle With Seasonal Workers for $7 Million

The San Francisco-based men’s club for the rich and powerful that hosts the annual Bohemian Grove encampment at Monte Rio will pay $7 million to settle a class-action lawsuit from seasonal workers alleging unfair labor practices. Terms of the agreement involving 664 current and former valets employed from May 2011 to December 2014 received provisional approval Wednesday from Sonoma County …


Farmington to Settle Wrongful Arrest Lawsuit

A Colorado man has settled his false arrest lawsuit against the Farmington Police Department. Farmington City Attorney Jennifer Breakell said today the city has agreed to pay $30,000 to settle Christopher Winterhawk’s federal lawsuit. She said the settlement will be finalized next week.


Levi & Korsinsky LLP Announce a Proposed Settlement Involving Persons or Entities Who Purchased or Otherwise Acquired Ocean Power Technologies, Inc. Securities

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY In re: OCEAN POWER TECHNOLOGIES, Case No. 14-3799 (FLW) (LHG) INC. SECURITIES LITIGATION TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED OCEAN POWER TECHNOLOGIES, INC. (“OPT”) SECURITIES BETWEEN JANUARY 14, 2014 AND JULY 29, 2014, INCLUSIVE, AND/OR PURCHASED OR OTHERWISE ACQUIRED OPT SECURITIES PURSUANT TO AND/OR TRACEABLE TO …



Jury Awards US$3 BEEELION to HPE in Oracle/Itanium Lawsuit

Oracle is set to appeal a decision which, if it stands, will require Big Red to make a US$3 billion contribution to HPE’s top line. HP launched the action in Oracle’s 2011 decision to quit developing software for Intel’s Itanium processors. Oracle believed there was no future in the Itanium architecture, but HP pressed ahead (it still uses the architecture in its Integrity Superdome family).


USA Discounters Inks Deal to Resolve Colorado Lawsuit

Liquidating retailer USA Discounters will offer debt relief to settle litigation accusing it of scamming its Colorado customers, including military service members. The defunct retailer, accused in multiple states of unfair financing terms and improper debt-collection efforts, particularly against military members, is asking the U.S. Bankruptcy Court in Wilmington, Del., to authorize a …


HPE Has Won $3 Billion in a Lawsuit Against Oracle

Hewlett Packard Enterprise has been awarded $3 billion in a lawsuit it brought against Oracle five years ago over a now largely forgotten Intel processor. The two sides had been fighting over Oracle’s decision to stop developing versions of its software for Intel’s Itanium, a server chip that never found much success in the market. After the jury verdict Thursday, Oracle said it planned to appeal.


T. Rowe Price and Dell Reach Settlement Over 2013 Dell Buyout

T. Rowe Price Group and Dell have reached a settlement over the computer giant’s $25 billion buyout, a deal the Baltimore money management firm opposed but voted in favor of in an embarrassing and unusual technical mix-up. The settlement resolves a lawsuit in which T. Rowe and other investors argued that Dell founder Michael Dell undervalued the company in his bid to take it private in 2013. A …