Former Obama car czar Steven Rattner has agreed to pay $6.2 million to settle federal charges over his role in a “pay-to-play” scandal, but says he won’t be “bullied” into accepting a harsher penalty from New York’s attorney general.
Inside these posts: Settlement
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Judge OKs deal in 7-year Kodak race bias suit
A federal judge on Friday approved Eastman Kodak Co.’s $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored over them for pay and promotion.
In an almost seven-year legal tussle, U.S. Magistrate Jonathan Feldman signed off on a deal that pays about 3,000 current and past Kodak workers amounts ranging from $1,000 to $50,000. The decision ends a 2004 class-action suit and a similar suit filed by other black workers in 2007. Get the full story »
AT&T, EEOC talking settlement in age-bias case
AT&T Inc. is in talks to settle a lawsuit by the Equal Employment Opportunity Commission that charges the largest U.S. phone company of discriminating nationwide against workers older than 40.
According to a joint filing by AT&T and the EEOC in Manhattan federal court, the EEOC has proposed a settlement of the nearly year-old lawsuit, and both sides held “substantive settlement discussions” in a June 30 mediation session. Another session is set for Aug. 10. Get the full story »
AIG in $725 million securities fraud settlement
American International Group Inc. has agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class-action settlements in U.S. history.
AIG would pay $175 million within 10 days of preliminary court approval of the settlement with a class of shareholders. The company may fund the remaining $550 million through one or more common stock offerings. Get the full story »
Goldman to pay $550M in SEC settlement
Goldman Sachs has agreed to pay $550 million in a settlement with the Securities and Exchange Commission over allegations of misleading investors.
