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Tuesday, dec 17
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Tuesday, dec 17
Tag:
Settlement
Business
NY Baby Formula Suppliers Accused Of Price Gouging Agree To $675K Settlement
Thousands of cans of baby formula are being distributed to families in need across New York after a settlement was reached with two companies accused of illegal price gouging. New York Attorney General Letitia James announced on Monday, Dec. 18, that her office had secured $675,000 worth of baby formula from Marine Park Distribution Inc. and its affiliate, Formula Depot Inc., following an investigation into price gouging during the nationwide formula shortage in 2022. The companies allegedly raised formula prices by more than 60 percent in some cases, with costs doubling for certain product…
News
Westchester Nursing Home Among 4 In NY To Pay $45M Settlement After Mistreating Residents: AG
A Westchester County nursing home is one of four in New York that will be required to pay tens of millions of dollars following years of mistreating and neglecting its senior residents, officials announced. In an announcement on Thursday, Nov. 14, New York Attorney General Letitia James revealed that four New York nursing homes, including the Martine Center for Rehabilitation and Nursing at 12 Tibbets Ave. in White Plains, would pay a $45 million settlement to address years of alleged insufficient staffing and resident neglect. The other nursing homes, all managed by Centers for Care, …
News
Uber, Lyft To Pay Historic $328M Settlement For 'Cheating' NY Drivers Out Of Wages, Benefits
In a major victory for rideshare drivers, Uber and Lyft have agreed to a historic, multi-million dollar settlement after wrongly withholding wages from New York drivers. The companies will pay a combined $328 million in backpay to thousands of current and former drivers as part of twin settlements announced by New York Attorney General Letitia James on Thursday, Nov. 2. It comes after an investigation found that Uber and Lyft withheld hundreds of millions of dollars from drivers and kept them from receiving benefits available under New York labor laws, according to James. Specifically, Ub…
Business
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 …
News
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…
News
NY Reaches Record Settlement With Broadband/Cable Provider Altice Over Tropical Storm Response
New York State has reached a record-setting settlement with broadband and cable provider Altice for the company’s muted response to Tropical Storm Isaias, which left some without service for upwards of two weeks. Gov. Andrew Cuomo announced on Thursday, March 18 that the state has reached the near $72 million settlement for Altice’s failure to adequately prepare for and restore broadband and cable television service after the storm struck in August last year, leaving 400,000 customers without service. The settlement is the largest-ever in New York State for any company under …
Business
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level
At the 11th hour, the Dolan family, the former owners of Cablevision before it was sold to Altice USA, reached a settlement in a lawsuit regarding layoffs and staffing at News 12 with the new parent company for the 24-hour hyperlocal news network. News 12 will employ at least 371 full-time employees through February 2023 under the agreement, ending a yearlong dispute by the Dolans, who sought a minimum of 462. Altice acquired News 12 when it took over Cablevision three years ago. The lawsuit alleged that Altice had not operated the news company in compliance with the agreement of the deal. …
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