settlement

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Court Overturns Merrill-BofA Settlement With SEC

Bank's $33M fine doesn't do 'justice' to shareholders, public: judge

(Newser) - A federal judge today scrapped the $33 million settlement Bank of America and the SEC agreed on as punishment for the bank's not informing shareholders of bonuses paid to Merrill Lynch executives just before the bank bought Merrill, the New York Times reports. Saying BofA "materially lied, " Jed...

UC Settles Suits in Embryo Thefts

'Our kids are still out there,' says heartbroken mom

(Newser) - The University of California Board of Regents has quietly paid $4.2 million to settle a dozen lawsuits linked to doctors who stole embryos in an Irvine fertility clinic, reports the Los Angeles Times. The physicians fled the US after it was discovered 14 years ago that they moved eggs...

Israel Snubs Washington, Plans New West Bank Homes

Netanyahu signing off on new settlements before negotiated freeze

(Newser) - Benjamin Netanyahu will approve the construction of several hundred housing units in the West Bank, snubbing the Obama adminisration's demands for a halt to new settlements. The Israeli prime minister informed the White House of his plans weeks ago, Haaretz reports. The US and Israel are still negotiating the terms...

Hidden Sex Scenes Cost Grand Theft Auto $20M

Take-Two settles suit over x-rated 'Hot Coffee' uproar

(Newser) - The makers of Grand Theft Auto are shelling out $20 million to settle a lawsuit over hidden sex scenes in a version of the popular video game, reports Gawker. The suit by investors claims Take-Two Interactive Software officials knew about the x-rated "Hot Coffee" minigame inserted by programmers before...

UBS to Hand Over Names of 4,450 Clients

(Newser) - UBS will hand over the names of 4,450 of its American account holders as part of a tax evasion settlement, the Wall Street Journal reports, and another 5,000 names will be produced under a special IRS amnesty program. UBS won’t pay a monetary fine. Those being turned...

Quietly, Israel Backs Off New Settlements

Netanyahu talks tough, but US pressure keeps building suspended

(Newser) - Benjamin Netanyahu has struck a hawkish tone on settlements since returning to the Israeli premiership, and his cabinet ministers insisted as recently as Monday that "there is no choice but to continue building." But quietly, his government has agreed to Barack Obama's demand to end new construction in...

Ex-AIG Honcho Settles New SEC Case for $15M

(Newser) - The SEC today simultaneously announced a complaint against former AIG chief Hank Greenberg and the resolution of the matter—a $15 million payment to settle the suit, the New York Times reports. Greenberg and a former AIG CFO were accused of “numerous improper accounting transactions” between 2000 and 2005...

Olmert: Stop Obsessing Over Settlements
Olmert: Stop Obsessing Over Settlements
OPINION
Jul 17, 2009 6:27 AM CDT

Olmert: Stop Obsessing Over Settlements

Obama should take 'non-priority issue' off the table, writes ex-PM

(Newser) - It's fine for Barack Obama to make overtures to the Arab world, but Ehud Olmert, reminding him in a Washington Post op-ed that Israel is "the only real Middle Eastern democracy," complains that he has focused too much of his attentions on Israel's settlements in the West Bank....

How Will Ruth Madoff Survive on Just $2.5M?

With $125K to spend yearly, time to trade in the pair of Mercedes

(Newser) - With just $2.5 million at her disposal as her husband heads to jail, Ruth Madoff won't exactly be sentenced to penury, but she'll have to cut her annual expenses to the low six figures if she wants it to last her lifetime, reports Brett Arends of the Wall Street ...

Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle for portion of debt

(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers...

Netanyahu Expected to Endorse Palestinian State
Netanyahu Expected to Endorse Palestinian State
ANALYSIS
Jun 12, 2009 1:20 PM CDT

Netanyahu Expected to Endorse Palestinian State

(Newser) - Israeli PM Benjamin Netanyahu is expected to endorse a two-state solution to the Palestinian problem this weekend, the Times of London reports. The decision follows intense pressure from the Obama administration to recognize the need for a Palestinian state. The US also wants Israel to stop expanding settlements in the...

Obama's Settlement Demands 'Dishonorable'
Obama's Settlement Demands 'Dishonorable'
OPINION
Jun 5, 2009 8:37 AM CDT

Obama's Settlement Demands 'Dishonorable'

(Newser) - President Obama’s insistence that Israel stop building or expanding West Bank settlements is “dishonorable and self-defeating,” writes Charles Krauthammer of the Washington Post. Hillary Clinton’s call to end “natural growth” expansions is especially ridiculous. “Is the peace process moribund because a teacher in the...

Israel to Propose Settlement Deal to Washington

Would remove some West Bank outposts for OK on current building

(Newser) - Israel would dismantle nearly two dozen wildcat settlement outposts in the West Bank in the next few weeks if the US drops its objections to continued building in existing, government-sanctioned settlements, officials said. Defense Minister Ehud Barak will bring the new proposal to senior American officials during his visit to...

Canadian Auto Workers Approve GM Deal

(Newser) - Canadian Auto Workers members voted 86% in favor of a cost-cutting deal with General Motors Canada as the automaker bids to qualify for more government loans and assure its future in Canada. Union leader Ken Lewenza said his members had no choice but to vote for the deal. "They...

Israel to Let Settlements Expand
Israel to Let Settlements Expand
May 24, 2009 7:17 PM CDT

Israel to Let Settlements Expand

PM rebuffs Obama, backing 'natural growth' in West Bank

(Newser) - Israel will let settlements grow in the occupied West Bank despite President Obama's call to freeze expansion, Haaretz reports. "We do not intend to build any new settlements," Prime Minister Benjamin Netanyahu said today, "but it wouldn't be fair to ban construction to meet the needs...

Allen, American Apparel Settle Suit for $5M

Filmmaker had sued over the use of his image in advertising

(Newser) - American Apparel has agreed to settle Woody Allen’s lawsuit for $5 million, a spokeswoman for the filmmaker said. Allen appeared today at a Manhattan courthouse, where he had sued the Los Angeles-based clothing manufacturer over its advertising last year for $10 million. He claimed the company did not have...

Israel Starts New Settlement in Palestinian Area

Netanyahu in DC as new West Bank constructions rile allies

(Newser) - Israel began construction today on a new settlement in the northern West Bank for the first time in 26 years, Haaretz reports. The move comes as PM Benjamin Netanyahu arrives in Washington for his first meeting with Barack Obama, whose administration opposes the settlements. An official insisted that the new...

Lowe Settles One Nanny Lawsuit

Second nanny suit still set for trial

(Newser) - Rob Lowe’s nanny drama is half over, now that the TV star and one former nanny have asked that their lawsuits be dismissed, People reports. Lowe sued Jessica Gibson last year for allegedly blackmailing his family to the tune of $1.5 million. She countersued, claiming he groped and...

New Israeli Government on Collision Course With US
New Israeli Government on Collision Course With US
ANALYSIS
Mar 20, 2009 10:42 AM CDT

New Israeli Government on Collision Course With US

Is confrontation ahead between Obama and Netanyahu?

(Newser) - Israel’s incoming governing coalition is expected to take a harder line on a Palestinian state than its predecessors, even as the US may be moving more toward a conciliatory position, reports the Washington Post. Incoming Prime Minister Benjamin Netanyahu thinks American-backed talks are a waste of time, and he...

Would-Be Suicide Wins $130K Against Life-Saving Hospital

'I can't even cuddle my wife with my right hand,' he complains

(Newser) - A would-be suicide has won a $130,000 settlement against the British hospital that saved his life, reports the Telegraph. The father of two complained that an extra heavy dose of IV drugs used to neutralize the 100 pills he swallowed reduced his arm function by 75%. "I know...

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