In 2007 Morgan Stanley agreed to settle claims in a class action suit alleging discrimination against thousands of female employees in compensation and promotion.
As with health insurance rates, the FDIC's premiums change if it has to settle claims or if it insures a larger pool of money.
Sources in media reports say Qwest (nyse: Q - news - people ) would neither admit nor deny committing fraud to settle claims that it swapped fiber optic capacity with other carriers and improperly booked the transactions to inflate revenues.
The firm has also been negotiating to settle civil claims brought by former Enron employees and shareholders.
The obvious use will be for insurance companies that want to quickly and cost effeciently settle accident claims.
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The oil giant has been selling assets worth billions of pounds to raise money to settle all claims.
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After Silver censured Lopez, the speaker said he won't again enter into secret agreement to settle such claims, saying the public deserves more transparency.
The problem is, each of the merchants signed an agreement to settle their claims in arbitration, and waived their right to join in class actions.
But its parent company stepped in at the last minute and saved Securities America from total failure saying it would settle the claims out of its own deep pockets.
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"We are committed to working as quickly as possible under the requirements of investors, insurers and others to settle insurance claims for customers impacted by Sandy, " a Citigroup spokesman said.
When asked why this case dragged on so long, given BoA had paid billions of dollars to settle similar claims by other insurers and investors over soured mortgage-backed securities, Kasowitz demurred.
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In an interview, Jason Gilliam told Forbes he was simply negotiating on behalf of other aggrieved Monex customers and that the money demand was an attempt to settle legitimate claims without litigation.
AXA, Italy's Generali and Germany's Allianz, an international commission, under Lawrence Eagleburger, a former American secretary of state, is now negotiating to set up a similar fund to settle such claims once and for all.
Most companies, such as Johns Manville and U.S. Gypsum, admit they owe more than they're worth and form an alliance with plaintiff lawyers to set up trusts--funded with stock and insurance dollars--that settle asbestos claims with minimal scrutiny.
That conflict grew to unconscionable scale when lawyers cut a deal with Nextel to settle discrimination claims by 587 employees that included substantial bonus payments to the lawyers if they convinced their clients to waive important legal rights, the Second Circuit Court of Appeals recently ruled.
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Enough, BP says, to settle all the claims of residents and businesses along the Gulf Coast and pay unknown billions in fees to lawyers who refused to miss out on the largest environmental tort in U.S. history.
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It also re-stated on Tuesday its hope that it can settle civil and criminal claims over the Gulf of Mexico oil platform disaster.
Most claims will settle in the next few months, but many will not close for years, or even decades, says Robert Hartwig at the Insurance Information Institute.
Paul and its attorney, Mr. Lillehaug, responded that he wanted Justice to intervene and settle the false-claims cases (that could cost the city millions of dollars) to get them off the city's docket.
The trust Wyeth set up to settle the class-action claims has ground to a virtual halt as it examines claims for possibly fraudulent medical evidence.
That's a powerful incentive to settle, even when the claims are unlikely to stand up in court, as with Myers' attempt to establish a class of book readers who suffered the same loss from reading a book they later found out wasn't entirely true.
He said the Welsh Risk Pool budget was agreed at the beginning of each financial year based on forecasts of how many claims are likely to settle in-year and their potential value.
Will the defendants continue to fight these claims, or will they settle, as General Mills recently did in a case involving Yoplait yogurt?
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"Clearly, she is motivated to get Merck to settle with the over 5, 000 claims pending in her jurisdiction, " Rubin wrote in a note to clients Tuesday afternoon.
Discussions are still going on, but if Morgan Stanley decides to settle too, then the remaining banks' claims that they acted properly will look pretty untenable.
Crown (nyse: CCK - news - people) has paid dearly for those 93 days, paying out millions of dollars to settle some 70, 000 asbestos-related claims, and bringing the company to the edge of bankruptcy.
While the central issue involves an arbitration contract, this case is really about the economics of class actions, which allow lawyers to bundle together hundreds or millions of small claims into a very powerful weapon to induce companies to settle on their terms.
The approach the company has taken closes a number of escape hatches that most defending corporations usually keep open: on the one hand, wiggle room in the event that facts emerge to in any way justify the claims and, on the other hand, the option to settle the case.
For example, the Dannon Company recently agreed to settle charges by the Federal Trade Commission that the company made deceptive and exaggerated claims about the health benefits of its Activia yogurt and DanActive dairy drink.
Claims to the contrary are only accurate if you believe that generic companies are dumb enough to settle even when they would win in court.
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