Female brokers who worked at Smith Barney starting in 2003 are eligible for settlement funds, the court filing says.
Collectively, insurers are the largest possible source of settlement funds.
In violation of basic legal principles, settlement funds are to be distributed in small portions to all who had the potential to be harmed, not in proportion to actual damages.
FORBES: Too Big To Fail Banks Crumble Before Greedy Federal Government In Mortgage Deal
Philip Morris is the only tobacco manufacturer backed by this settlement that had not withheld funds subject to arbitration.
Two other hedge funds have broken off settlement talks and countersued Hayes.
Even the Wisconsin Bankers Association, which counts among its members banks that were a part of the settlement deal, believes the portion of the funds going directly to the state should be used to mitigate the damage done to people by illicit foreclosure practices and to aid in neighborhood stabilization efforts.
For some borrowers, such as individuals with large deferred compensation arrangements or who are expecting a large inflow of cash in the near future (access to trust funds becomes available, a legal settlement has been resolved and payout is imminent, etc.) this arrangement allows them to access their full borrowing potential without committing to immediate payment.
Without extra funds from government to support the pay settlement, councils would have to make savings elsewhere.
Visa and MasterCard have already set aside most of the funds to pay for the cost of a settlement.
WSJ: Visa, Mastercard Agree to $6 Billion Settlement Over Surcharges
Authorization is the process by which MasterCard validates the card, and Settlement fees are charged to issuers for the exchange of funds between issuers and acquirers.
The Brunei Investment Agency took over the business in an out-of-court settlement of a legal action against the prince for alleged misuse of funds.
The global settlement, announced in April 2003, came in four parts: funds to repay investors, funds for the states, funds for independent research and funds for investor education.
Despite the huge payment, nowhere in the Disabled Veterans National Foundation's mailings to prospective donors did it acknowledge that donated funds would be used to pay for a out-of-court settlement to another charity.
应用推荐