Fair 10°
Tag:

Settlement

Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

SHARE

by Chris Spiker
Business
How To Get Your Share: Facebook Users Can Now Apply For Part Of $725M Settlement How To Get Your Share: Facebook Users Can Now Apply For Part Of $725M Settlement
How To Get Your Share: Facebook Users Can Now Apply For Part Of $725M Settlement Many Facebook users may soon have some money headed their way. Those who had an active account on Facebook anytime between May 2007 and December 2022 can now apply to receive a share of parent company Meta's $725 million settlement. The lawsuit alleged that Facebook permitted the former United Kingdom-based political consulting firm Cambridge Analytica to access about 87 million users' personal information during the 2016 presidential campaign. Facebook users during that time frame can apply for the funds online now or by mailing their forms by Friday, Aug. 25. The claim form and general …

SHARE

by Joe Lombardi
News
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits OxyContin creators Purdue Pharma and the Sackler family have reached a $6 billion settlement over their roles in the ongoing opioid crisis plaguing the country. The announcement comes following an earlier deal made with Purdue, headquartered in Stamford, Connecticut, that was ultimately appealed by eight states and the District of Columbia until the Sacklers kicked in more cash to get the deal done. Earlier story - NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic The $6 billion will be paid out over the course of 18 years, with larger payments fro…

SHARE

by Zak Failla
News
Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement
Massachusetts To Have $41M In Student Debt Canceled As Part Of $1.85B Settlement A total of $41 million in private student loan debt will be canceled in Massachusetts after an investigation into one of largest student loan servicers in the United States found it deceived thousands of borrowers. Attorney General Maura Healey announced on Thursday, Jan. 13, that a coalition of 39 attorneys general negotiated the $1.85 billion settlement with Navient. Healey said the relief is provided to resolve allegations of "widespread unfair and deceptive student loan servicing practices and abuses in originating predatory student loans." Under the terms of the settlement, Navie…

SHARE

by Nicole Valinote