A federal judge has approved a $153 million settlement of a securities fraud lawsuit against Fannie Mae and KPMG brought by shareholders of the mortgage giant.
JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed.
Virginia is receiving $37 million as part of a settlement with one of the largest pharmaceutical wholesalers.
Ali Abdullah, a 42-year-old security guard, left his native Iraq in 2009 after receiving death threats for working with U.S. companies. He was relocated through a U.S. government resettlement initiative and lived in Colorado and Texas before landing a job in 2011 at a New Haven-area supermarket.
Attorney General Ken Cuccinelli said Monday that each recipient will receive $1,480.
With a proposed payout of more than $1 billion, one major chapter of a nearly four-year legal saga that left Toyota Motor Corp. fighting hundreds of lawsuits and struggling with a tarnished image has ended, though another remains.
HSBC, the British banking giant, said Tuesday it will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States.
Federal authorities have ordered Norfolk Southern Railway Co. to pay three whistleblowers more than $800,000 for firing workers who reported injuries on the job.
The government wants you to know that simply sporting a pair of Skechers’ fitness shoes is not going to get you Kim Kardashian’s curves or Brooke Burke’s toned tush.
The owner of a West Virginia coal mine where an explosion killed 29 men will pay nearly $210 million in a historic settlement arising from the worst U.S. coal mining disaster in decades.