Chase To Pay Out $300 Million Over Home Insurance Allegations

Chase To Pay Out $300 Million Over Home Insurance Allegations

On Friday, a federal judge signed off on a settlement that will have JPMorgan Chase paying out at least $300 million to around 750,000 mortgage borrowers. It’s the first of what could be several large settlements with major lenders over the issue of forced-place insurance. [More]

(Consumerist)

Another Day, Another 9-Figure Settlement For Bank Of America

For most companies, a $165 million settlement would be huge news. For Bank of America, it’s like a paper cut on a guy that’s been swimming in the piranha tank all day. Not that we feel any sympathy. [More]

Exxon Mobil Ordered To Pay $1.5 Billion Over Maryland Gasoline Leak

Exxon Mobil Ordered To Pay $1.5 Billion Over Maryland Gasoline Leak

A jury in Baltimore County, Maryland, has ordered petroleum giant Exxon Mobil to pay $1.5 billion in damages to residents and businesses of a town affected by a gasoline leak in 2006. [More]

BP To Pay $25 Million Penalty For Alaska Oil Spill

BP To Pay $25 Million Penalty For Alaska Oil Spill

Long before BP was cutting costs — and spilling oodles of oil — into the Gulf of Mexico, it was polluting the soil in Alaska by refusing to properly maintain its pipeline system. And now your Worst Company In America has agreed to pony up $25 million to settle the federal investigation into a massive Alaska spill in Prudhoe Bay. [More]