Fair 22°
Tag:

Legal Settlement

Sports
Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments
Former WWE CEO Vince McMahon To Pay $1.7M+ For Hiding Sexual Misconduct Payments World Wrestling Entertainment founder Vince McMahon will pay more than $1.7 million after he was accused of not disclosing payment agreements related to sexual misconduct with two women, officials said. McMahon, WWE's former executive chairman and CEO, reached the agreement related to charges from the Securities and Exchange Commission, the federal agency said in a news release on Friday, Jan. 10. The SEC said McMahon concealed the "hush money" payments, creating discrepancies in WWE's financial reports. McMahon agreed to pay a $400,000 civil penalty and reimburse $1,330…

SHARE

by Chris Spiker
Business
Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture
Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture Three giant media companies have abandoned their plans to launch Venu Sports, a service that aimed to drastically shake up the streaming industry by bundling many sports channels together, officials said. Venu Sports has officially been discontinued, ESPN said in a news release on Friday, Jan. 10. The massive venture was a partnership between the "Worldwide Leader in Sports," FOX, and Warner Bros. Discovery. The companies released a brief statement announcing the end of Venu Sports. "After careful consideration, we have collectively agreed to discontinue the Venu Sports joint ven…

SHARE

by Chris Spiker
Business
Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement
Alleged Eavesdropping Costs $95 Million As Apple Reaches Siri Settlement Apple will pay a $95 million settlement regarding allegations that its virtual assistant, Siri, eavesdropped on users without their consent, according to multiple reports. The settlement, filed in federal court in Oakland, California this week, addresses a lawsuit that dates back five years and must be approved by a US District judge at a hearing on Friday, Feb. 14, Bloomberg Law reports. The lawsuit claims that Siri was activated to record conversations even when users did not use the launching phrase, “Hey, Siri.” These recordings were allegedly shared with third parties s to target user…

SHARE

by Joe Lombardi
News
Rahway Contractor Pays $950K Fine After Making False Claims To Obtain Govt. Contracts: Feds Rahway Contractor Pays $950K Fine After Making False Claims To Obtain Govt. Contracts: Feds
Rahway Contractor Pays $950K Fine After Making False Claims To Obtain Govt. Contracts: Feds A Rahway highway contractor recently agreed to pay $950,000 to resolve allegations it improperly represented itself as a Disadvantaged Business Enterprise to obtain federally funded contracts, authorities said. From Oct. 2016 to April 2019, MV Contracting secured several contracts funded by the Federal Highway Administration set aside to remedy ongoing discrimination in federally assisted highway contracting markets, US Attorney Phillip Sellinger said. MV Contracting was awarded these contracts despite knowing that it did not qualify as a Disadvantaged Business Enterprise, Sellinger said. T…

SHARE

by Sam Barron
Schools
Camden Schools Superintendent Calls On Board President To Quit In Wake Of Sexual Abuse Lawsuit Camden Schools Superintendent Calls On Board President To Quit In Wake Of Sexual Abuse Lawsuit
Camden Schools Superintendent Calls On Board President To Quit In Wake Of Sexual Abuse Lawsuit The state-appointed superintendent for the Camden City School District is calling for the resignation of the advisory school board president amid sexual abuse allegations. Camden Superintendent Katrina T. McCombs, in a letter to the community, wrote: "In order to allow our community to heal and refocus on what truly matters—the education and future of our students— it would be in the best interest of the state-operated district of Camden City for Advisory Board President Wasim Muhammad to voluntarily relinquish his seat." "We are at the beginning of a new school year—a time that s…

SHARE

by Jon Craig
News
Walmart Agrees To Whopping $1.64M Settlement Amid Unfair Pricing Accusations At NJ Stores Walmart Agrees To Whopping $1.64M Settlement Amid Unfair Pricing Accusations At NJ Stores
Walmart Agrees To Whopping $1.64M Settlement Amid Unfair Pricing Accusations At NJ Stores Walmart has agreed to pay $1.64 million to settle accusations of unlawful pricing at its 64 stores across New Jersey, state officials said. The settlement, which includes a $1.61 million civil penalty, is the largest ever obtained by the Division’s Office of Weights and Measures (“OWM”). Walmart was accused of violating New Jersey’s Consumer Fraud Act (“CFA”) and Unit Pricing Disclosure Act (“UPDA”) by using inaccurate unit pricing for a variety of grocery products sold in the chain’s New Jersey locations, Attorney General Matthew J. Platkin said. The UPDA requires grocery retailers t…

SHARE

by Cecilia Levine