JPMorgan is set to pay nearly $1 billion to settle with US authorities investigating whether the bank manipulated the metals and Treasury markets, Bloomberg reported on Wednesday.
The sum would set a record for spoofing-related settlements and could be announced as soon as this week, sources familiar with the matter told Bloomberg. The payment would be in line with other market-manipulation sanctions but surpass previous spoofing fines.
The payment would resolve investigations by the Justice Department, the Commodity Futures Trading Commission, and the Securities and Exchange Commission, according to the report. The agencies have been looking into whether traders on JPMorgan’s metals-futures and Treasury desks interfered with the respective markets.
Read the source article at Markets Insider
SAN DIEGO (CNS) – Ralphs Grocery Co. has agreed to pay $30,000 to settle a discrimination lawsuit alleging a courtesy clerk at its Point Loma store was denied a request to change her work schedule to accommodate her pregnancy, the U.S. Equal Employment Opportunity Commission announced Wednesday.
The agency’s lawsuit alleged the Ralphs store in question denied the employee’s request to change her schedule, in violation of Title VII of the Civil Rights Act of 1964 and the Pregnancy Discrimination Act of 1978, and she was forced to quit as a result.
“The EEOC applauds Ralphs for agreeing to meaningful measures to protect pregnant employees in the workplace,” said Anna Park, regional attorney for the EEOC’s Los Angeles District, whose jurisdiction includes San Diego County. “Frontline managers and supervisors must be educated on their obligation to properly handle accommodation requests for pregnancy-related medical conditions.”
Read the source article at fox5sandiego.com
Following a $650 million settlement in a lawsuit filed against social media giant Facebook, Illinois residents who have accounts with the website can now file claims for payouts potentially ranging from $200 to $400.
According to the law firm that filed the suit, claims are now being accepted as a result of a settlement between the plaintiffs and the social media website.
The lawsuit — one of more than 400 filed against tech companies big and small in the past five years, by one law firm’s count — alleged that Facebook broke Illinois’ strict biometric privacy law that allows people to sue companies that fail to get consent before harvesting consumers’ data, including through facial and fingerprint scanning.
Read the source article at nbcchicago.com
Hanford contractors involved in the long-running effort to build the site’s Waste Treatment Plant have agreed to pay a $57.75 million settlement to the U.S. Justice Department to resolve whistleblower claims of fraudulent overcharges that inflated the hours of labor and billed for work that was not actually performed.
The settlement announced Tuesday with Bechtel Corp., AECOM Energy & Construction, and an AECOM subsidary covers work undertaken to build the Waste Treatment Plant. This construction work has soaked up many billions of federal dollars to develop a complex able to treat and stabilize hazardous chemical and radioactive wastes for long-term storage.
Read the source article at The Seattle Times
ATLANTA, Sept. 21, 2020 /PRNewswire/ — Pope McGlamry, P.C. and Moss & Gilmore LLP are pleased to announce that a $10.02 million settlement has been reached between Argos USA LLC, (“Argos”) and the plaintiff class (“Plaintiffs”) (the “Settlement”). The litigation stems from Plaintiffs’ allegations that Argos supplied a specific concrete mix that contained an excessive amount of fly ash that was not designed or intended for slab or flatwork uses, creating surface durability and dusting issues at residential properties. The mix was poured during a six-month period in 2013 in the Savannah, Georgia area and affected hundreds of residential properties, many owned by veterans.
On August 30, 2019, United States District Judge, the Hon. R. Stan Baker in the Southern District of Georgia (the “Court”): (i) granted Plaintiffs’ Motion for Class Certification, in part and certified the issue of liability; (ii) appointed Class Representatives, and (iii) appointed attorneys at the law firms of Pope McGlamry, P.C., and Moss & Gilmore LLP, as class counsel.
Read the source article at PR Newswire
A federal judge in September approved a nearly $1.9 million settlement to a class action lawsuit brought against Cello Partnership, which does business as Verizon Wireless, by a former Marietta store employee who alleged the telecommunications giant underpaid workers.
The suit — which was filed in federal court, but settled in mediation in March — awarded nearly 4,000 current and former Verizon store workers across the nation more than $1 million in compensation, according to an order passed down by Chief Judge Algenon Marbley of The Southern District of Ohio. The money will be distributed based on the numbers of unpaid hours worked.
Read the source article at athensnews.com
On September 14, 2020, California Attorney General Xavier Becerra announced an $11.8 million settlement against Novartis Pharmaceutical Corporation related to Anti-Kickback Statute and False Claims Act violations. According to the allegations, from January 2002 through November 2011, Novartis engaged in a kickback scheme by offering cash payments, meals, and honoraria to healthcare practitioners that impacted Medicare and Medi-Cal beneficiaries. Novartis allegedly offered these kickbacks to encourage practitioners to prescribe certain Novartis products, including Lotrel, Valturna, Starlix, Tekamlo, Diovan, Diovan HCT, Tekturna, Tekturna HCT, Exforge, and Exforge HCT.
In the settlement, Novartis admitted that between January 2002 and November 2011, it held meetings and events as part of its marketing efforts for the above-named drugs, including events such as speaker programs and roundtables. Novartis also admitted that many sales representatives that worked for the company were “specifically evaluated in their annual reviews” on how much of their budget for promotional programs they used. If a sales representative did not use all of his/her budget, “that could be a negative factor in his/her annual review.”
Read the source article at policymed.com
A $4 million settlement was approved Friday in a civil rights case involving the death of Miles Hall in Walnut Creek in June of last year, city officials announced.
Hall was killed in an encounter with police June 2, 2019, after his family called police to tell them he was running around the neighborhood behaving erratically. Police apparently knew Hall suffered from a mental illness. He had a pointed crowbar with him that city officials said was nearly 5-feet long and weighed 13.4 pounds.
Police officers called Hall toward them and then told him to stop, which he did for a moment. Then he changed directions in what his family said was an effort to run past police. Police tried less-lethal beanbag shots, but Hall did not stop, and officers killed him.
Read the source article at | DanvilleSanRamon.com |
A federal jury has awarded $2 million to a former state prison inmate who sued the New Mexico Department of Corrections and two prison guards, alleging he was subjected to cruel and unusual punishment after being confined in a metal box inside a transport van for hours on a hot summer day in 2013.
The inmate, Isaha Casias, claimed that at one point during a 339-mile ride he lost consciousness and when the guards opened the van door he fell out, hitting his face on the van’s bumper, after which he had a seizure on the ground.
Read the source article at ksl.com
A Polk County, Iowa jury awarded $12.25 million to a man who underwent a debilitating and unnecessary prostate cancer surgery, which resulted in the shortening of his penis, complete loss of the ability to have an erection, and urinary incontinence. The Iowa Clinic and pathologist mixed Mr. Huitt up with another patient who actually did have cancer.
Read the source article at benzinga.com