Settlement

Egg-cellent Victory: US Jury Agrees to $17.7 Million Settlement for Kraft and Other Producers in Egg Price-Fixing Case

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WICHITA, Kan. – The United States jury has awarded a total of $17.7 million to Kraft and other egg producers after finding that they were victims of price-fixing. The case, which involved several major egg producers, concluded on Monday with the jury ruling in favor of the plaintiffs. The lawsuit alleged that the defendant, Michael Foods, along with other egg producers, engaged in a conspiracy to artificially inflate egg prices. Kraft and other companies accused the defendants of coordinating their efforts to limit the supply of eggs and drive up prices. The plaintiffs argued that … Read more

Former M&A Partner Wins $490K in Fees and Disability Benefits Settlement against Insurance Giant

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NEW YORK (AP) — A former mergers and acquisitions partner at a prominent law firm has been awarded hundreds of thousands of dollars in fees, costs, and interest in a disability benefits case against an insurance company. Edward Chung, a former partner at Simpson Thacher & Bartlett LLP, recently won a lawsuit against Provident Life & Casualty Insurance Co. In addition to receiving $20,000 in monthly disability benefits, Chung has also been granted approximately $490,000 in fees, costs, and interest. The decision was made by a Manhattan federal judge who found that Chung’s requested attorneys’ … Read more

3M Approves $6 Billion Earplug Lawsuit Settlement for Veterans

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A federal judge has approved a $6 billion settlement in the 3M earplug lawsuits, according to recent news. The settlement aims to compensate service members who allege that the company’s combat earplugs were defective and caused hearing damage. The approval of the settlement involves the issuance of $1 billion in unregistered stock, which will be determined using a weighted average method. The stock will be issued in tranches to minimize the risk of stock dilution. As part of the settlement, 3M has contributed $250 million to a Qualified Settlement Fund, which will provide compensation to … Read more

Verizon Customers Eligible for Refunds in $100 Million Lawsuit Settlement

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Belleville, New Jersey – Verizon customers in Belleville might receive a pleasant surprise in the mail this week. They have the opportunity to claim a refund as part of a $100 million settlement resulting from a class-action lawsuit. Eligible customers will receive postcards or emails notifying them of the opportunity. The lawsuit alleged that Verizon charged unfair fees without proper disclosure. At the center of the issue is Verizon’s “administrative charge,” which the plaintiffs argued were deceptive and not adequately disclosed. The charge, which wasn’t included in the advertised monthly price, was allegedly imposed in … Read more