Settlement News

Auto Tech Firm CDK Reaches $630 Million Settlement in US Dealer Data Case

Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access. The proposed settlement, filed on Monday night in a …

KuCoin Agrees to Pay Nearly $300 Million on US Crypto Case

KuCoin, one of the world’s largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said. Peken Global Ltd, which …

J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say

Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly …

Purdue, Sackler Family Reach New $7.4 Billion Opioid Accord

Bankrupt Purdue Pharma LP and members of the billionaire Sackler family agreed to pay $7.4 billion to a group of U.S. states and other parties to settle long-running litigation over OxyContin’s role in the deadly opioid epidemic. The deal comes …

Prince Harry Settles With Murdoch Papers Over UK Press Intrusion

Rupert Murdoch’s U.K. newspaper group apologized to Prince Harry over allegations journalists at its tabloid newspapers used unlawful information gathering, as it settled a long-running lawsuit that threatened to dredge up decades-old accusations of wrongdoing. News Group Newspapers Ltd. will …

Video Game Maker Paying $20 Million in FTC Kid-Privacy Case

The maker of the popular video game Genshin Impact will pay $20 million to settle claims it violated kids’ privacy and deceived players about the cost of winning sought-after prizes, the U.S. Federal Trade Commission said Friday. Singapore-based Cognosphere mishandled …

Vanguard to Pay $106 Million Over Retirement Fund Violations

Vanguard Group will pay more than $106 million to settle U.S. Securities and Exchange Commission allegations that it made misleading statements about capital gains distributions and tax consequences to retail investors who held popular target-date retirement funds in taxable accounts. …

Amex to Pay $230 Million Over Misleading Sales Practices

American Express Co. will pay about $230 million to resolve a long-running investigation into some of the firm’s prior sales practices which regulators said misled small-business owners. Amex reached agreements with federal prosecutors and the Federal Reserve to settle the …

Toyota Unit Hino Motors Reaches $1.6B US Diesel Emissions Settlement

Toyota Motor unit Hino Motors has agreed a $1.6 billion settlement with U.S. agencies and will plead guilty over excess diesel engine emissions in more than 105,000 U.S. vehicles, the company and U.S. government said on Wednesday. The Japanese truck …

Robinhood to Pay $45M to Settle SEC Charges Over Recordkeeping, Other Violations

Online trading firm Robinhood Markets has agreed to pay $45 million to settle U.S. Securities and Exchange Commission charges over record keeping, trade reporting and other rule violations, the regulator said on Monday. Regulators found Robinhood Securities LLC and Robinhood …