Last week, Volkswagen agreed to pay at least $15 billion to settle federal allegations that it used so-called “defeat devices” in nearly 500,000 diesel-engine vehicles in the U.S. to skirt emissions standards behind it. While the settlement is a first step for VW, the second step came this week when the carmaker agreed to pay an additional $86 million to settle similar charges in California. [More]
Last year, Sunrise Nutraceuticals was one of more than 100 supplement companies sued by the Federal Trade Commission for allegedly making unfounded health or disease-treatment claims. To settle that suit, Sunrise has agreed to stop falsely claiming that its Elimidrol dietary supplement can alleviate the symptoms of opiate withdrawal. [More]
It doesn’t pay to cheat. That’s the lesson Volkswagen will likely learn next Tuesday, when the (extended) deadline expires for filing a final settlement agreement to resolve its use of emissions-cheating “defeat devices” in more than 500,000 vehicles in the U.S. According to one report, VW’s “clean diesel” debacle will cost the carmaker $10.2 billion. [More]
In 2013, a young New Jersey girl’s leg became trapped in a Macy’s escalator while on a shopping trip with her family. Nearly three years later, the family, the retailer, and the company tasked with maintaining the escalator are ready to put the ordeal behind them, agreeing to a $15 million settlement. [More]
Last October, thousands of unbanked consumers who rely on prepaid RushCards were unable to access their funds because of a technical glitch. After toying with the idea of creating a compensation fund for those customers, RushCard announced Thursday that it will pay at least $19 million to card users affected by the weeks-long outage. [More]
More than a year after the National Federation of the Blind of California filed a lawsuit accusing Uber drivers of discriminating against passengers waiting for rides with service animals, the two sides announced they’ve reached a settlement. [More]
For the better part of three years, Uber drivers have sparred with the ride-sharing company over the status of their employment: are they independent contractor or actual employees? Today, Uber has agreed to settle two lawsuits over the issue, paying up to $100 million to the drivers who will remain independent contractors. [More]
With only one day to go before Volkswagen is supposed to present a workable fix for more than 500,000 diesel vehicles equipped with “defeat devices” designed to cheat emission standards, the carmaker has reportedly reached a deal with U.S. regulators that includes the company paying billions of dollars to compensate owners. [More]
One would assume when buying a product marketed as “all-natural” or “100% natural” that said product wouldn’t contain synthetic ingredients like phenoxyethanol or polyethylene, right? Wrong. At least, that’s the cases for five companies facing action by federal regulators for allegedly making false claims about their products’ ingredients.
Goldman Sachs To Pay $5B To Settle Charges Of Selling Troubled Mortgages Ahead Of The Financial Crisis
Federal and state prosecutors are closing yet another chapter in its investigation related to banks’ roles in the financial crisis. To that end, Goldman Sachs has agreed to pay $5.06 billion to settle claims it misled mortgage bond investors during the period leading up to the crisis. [More]
Less than two months after Uber agreed to pay $28.5 million to settle a class-action lawsuit accusing the company of misleading consumers about its “industry leading” safety procedures, the ride-hailing company is ready to put another case behind it. The company will pay $25 million to settle a civil lawsuit with the district attorneys in Los Angeles and San Francisco over nearly identical allegations. [More]
Last May, an investigation involving federal regulators and prosecutors from all 50 states led to four national cancer charities being charged with swindling consumers out of $187 million in charitable donations. Today, two of those bogus charities — responsible for $75 million in bilked donations — have agreed to close up shop and provide refunds to donors.