(Misfit Photographer)

Chubby Checker, HP Reach Settlement Over Penis-Measuring App

It’s been more than a year since a dispute between singer Chubby Checker and Hewlitt-Packard over a penis-measuring app plunged this country into darkness, dividing households, pitting brother against brother, leaving deep scars from which we may never heal — but which will always stand as a reminder of an era we’d all like to forget. Finally, the two parties have put aside their differences for the sake of generations to come, and reached a settlement. [More]

Citi To Pay $7B To Settle Mortgage Investigation; Includes $2.5B In Consumer Relief

Citi To Pay $7B To Settle Mortgage Investigation; Includes $2.5B In Consumer Relief

Nearly a week after it was first reported that Citigroup and the U.S. Justice Dept. had reached a deal to close the government’s investigation into toxic mortgage-backed securities sold by the bank in the years leading up to the crash of the housing market, Citi has now confirmed a settlement valued at a total of $7 billion. [More]

(Fujoshi Bijou)

GSK To Pay $105 Million To Settle Advair, Paxil, Wellbutrin Disputes

Drug biggie GlaxoSmithKline has been slapped with another huge settlement for its questionable marketing tactics. This time, the pharma company has agreed to pay $105 million to resolve claims made by attorneys general from 45 states regarding the selling of asthma drug Advair and antidepressants Paxil and Wellbutrin. [More]

Toyota Expected To Pay $1.2 Billion To Settle Unintended Acceleration Criminal Probe

Toyota Expected To Pay $1.2 Billion To Settle Unintended Acceleration Criminal Probe

An end to the four-year federal criminal investigation into claims of sudden unintended acceleration in Toyota vehicles may be coming to an end with news that the world’s largest carmaker has reached a deal with the Justice Dept. to pay $1.2 billion to close the case. [More]

Wells Fargo To Pay Fannie Mae $541 Million Over Toxic Loans

Wells Fargo To Pay Fannie Mae $541 Million Over Toxic Loans

All those mortgages that weren’t worth the cocktail napkins they were written on are continuing to sting big banks, with Wells Fargo announcing this morning that it had reached a $591 million deal with Fannie Mae to resolve the mortgage-backer’s claims that Wells sold it a pile of loans that the bank knew were toxic. [More]

$13 Billion JPMorgan Settlement Includes $4 Billion In Consumer Relief

$13 Billion JPMorgan Settlement Includes $4 Billion In Consumer Relief

Today, it’s expected that JPMorgan Chase and various federal agencies will announce a settlement worth a total of $13 billion to put to bed numerous bank-related investigations tied to mortgages and mortgage-backed securities. And about 30% of that money is reportedly earmarked for some form of consumer relief. [More]

(Spidra Webster)

Wells Fargo Settles With Freddie Mac For $869 Million

Because a few days can’t go by without one of the few remaining big banks agreeing to pay out hundreds of millions of dollars (without ever admitting any wrongdoing), Wells Fargo has agreed to settle with Freddie Mac for $869 million over — you guessed it — toxic mortgages from the Bubble Era. [More]

(e. wilder)

Bank Of America To Shell Out Another $500 Million To Settle Another Investors’ Lawsuit

Nearly five years after swallowing the rancid slab of meat that was Countrywide Financial, Bank of America is still vomiting up hundreds of millions of dollars to settle lawsuits tied to that failed company’s misdeeds. The latest is a $500 million class-action settlement with groups that invested in Countrywide’s radioactive mortgages. [More]

(Matt McGee)

Google To Pay States $7 Million For Privacy Violations Related To Street View

Remember way back in 2010 when people were up in arms about Google collecting and storing data — including e-mails, texts, browsing histories, and other fun, private stuff — while tooling around taking photos for Google Street View? Well, the multi-state lawsuit over that mess has finally been settled. [More]

Wells Fargo Receives $175 Million Slap On Wrist Over Discriminatory Loan Allegations

Wells Fargo Receives $175 Million Slap On Wrist Over Discriminatory Loan Allegations

Three years after it began looking into allegations that Wells Fargo had systematically discriminated against minority loan applicants by pushing them into risky, high-cost subprime loans — regardless of their qualifications — the U.S. Dept. of Justice has come to a $175 million settlement with the bank. [More]

FTC Settles With RockYou Over Breach That Exposed 32 Million E-Mail Addresses & Passwords

FTC Settles With RockYou Over Breach That Exposed 32 Million E-Mail Addresses & Passwords

More than two years after a breach at RockYou — the folks behind a number of popular Facebook apps and other online games like Zoo World — exposed the personal information of 32 million users to hackers, the company has finally reached a settlement with the Federal Trade Commission. [More]

AT&T Writes Check To Victor In Small Claims Court Suit

AT&T Writes Check To Victor In Small Claims Court Suit

Even though AT&T had seemed quite intent on either appealing or coming to a different settlement with the California man who won a small claims court lawsuit against the company for throttling his so-called unlimited data plan, it now looks like the Death Star forces have retreated from this battle. [More]

DOJ, 49 States Reach $25 Billion Settlement With Five Largest Lenders Over Robosigning

More than a year after several of the nation’s largest mortgage lenders temporarily suspended foreclosures after it was revealed that they had been using untrained, unqualified “robosigners” to process foreclosure documents, the U.S. Justice Dept. and the attorneys general of 49 states have announced a $25 billion settlement that will result in mortgage reductions to some homeowners. [More]

Almost All States Sign On To Massive Mortgage Settlement

Last night was the deadline for the attorneys general of each state to sign onto a massive settlement with the nation’s five largest mortgage lenders, and more than 40 of the states opted to join in the pot-sharing. [More]

DOJ Settles With BofA For $335 Million Over Countrywide Pushing Minorities Into Subprime Loans

DOJ Settles With BofA For $335 Million Over Countrywide Pushing Minorities Into Subprime Loans

Nearly four years ago, we first reported on allegations that Countrywide Financial, the failed lender that was bought by Bank of America after it collapsed, had their system set up so that non-white loan applicants were steered toward subprime loans, even if they could have qualified for a standard mortgage. Well, the wheels of justice turn remarkably slowly in Washington, DC, but today the Justice Dept. finally announced a settlement with BofA for $335 million over these allegations. [More]

Bank Of America Settles For $315 Million Over Bad Merrill Lynch Investments

Bank Of America Settles For $315 Million Over Bad Merrill Lynch Investments

Another day, another settlement for reigning Worst Company In America runner-up Bank of America. This time, BofA has agreed to pay $315 to plaintiffs in a class-action suit over mortgage-backed investments sold by Merrill Lynch, the once-great financial institution that BofA swooped in to save when it collapsed in 2008. [More]

Reebok To Fork Over $25 Million In Refunds For Deceptive EasyTone Ads

Reebok To Fork Over $25 Million In Refunds For Deceptive EasyTone Ads

As we reported yesterday, the Federal Trade Commission was going to announce a huge settlement, involving millions in refunds to consumers, with some big name shoe company over deceptive advertising claims. And today it was revealed that it’s sneaker biggie Reebok that has agreed to fork over $25 million in refunds to buyers of its EasyTone shoes. [More]

Starbucks Pays $75,000 To Settle EEOC Lawsuit Over Barista With Dwarfism

Starbucks Pays $75,000 To Settle EEOC Lawsuit Over Barista With Dwarfism

Here’s an update to a story we brought you in May about a lawsuit brought against Starbucks by the Equal Employment Opportunity Commission on behalf of a former barista with dwarfism who claimed she was fired during her training period after she requested the use of a step-stool or stepladder because of her small stature. Starbucks announced today that it has agreed to pay $75,000 to settle the issue. [More]