settlement News

settlement News From AOL News

Settlement Brings Hope Madoff Victims Will Recoup Losses

(Dec. 17) -- Ten months after the arrest of Bernie Madoff, one of his biggest investors, Jeffry Picower, was found dead in his swimming pool at his Palm Beach, Fla., mansion. Now, 14 months after his death, Picower's estate has reached a $7.2 billion settlement with the federal government over a lawsuit that said he knew...

Trustee Secures $7 Billion for Victims of Madoff Fraud

Victims of the Ponzi scheme perpetuated by convicted fraudster Bernard L. Madoff will finally see some money come their way, following a settlement reached with the estate of one of the investors in the fraud.

Most 9/11 Responders Settle Suits Over WTC Dust

NEW YORK (Nov. 20) -- A deal reached by New York City and workers exposed to toxic dust that blanketed ground zero after Sept. 11 will resolve an overwhelming majority of the lawsuits over the city's failure to provide protective equipment to the responders. More than 10,000 construction workers, police officers and...

Fight Over Vt. Artist's Estate Ends in Settlement

NEWFANE, Vt. (Nov. 8) -- After more than two years of finger-pointing and legal maneuvering, a family feud over the $2 million estate of Vermont author and illustrator Tasha Tudor was settled out of court Monday for undisclosed terms, just as a trial was to begin. The dispute centered on a revised will that gave almost...

Ex-Worker Wins $96M for Blowing Whistle on Drug Giant

(Oct. 27) -- Whistle-blower Cheryl Eckard has won $96 million as part of a $750 million penalty against GlaxoSmithKline over faulty drug manufacturing in a case she says was driven by worries about consumer safety. "This is not something I ever wanted to do, but because of patient safety issues, it was necessary," she...