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Monday, June 17, 2019

Tag: settlement

Weinstein accusers poised to see first compensation as trial looms

Harvey Weinstein reportedly has reached a tentative settlement with women who filed civil suits against the disgraced film mogul for sexual harassment, but the multi-million-dollar deal will not forestall his criminal trial.

Kit Siang, ex-IGP Hanif may settle lawsuit out of court

The High Court gives both parties until June 24 to try and resolve the DAP veteran's defamation suit.

Folau rejected A$1 mln Rugby Australia settlement offer

Folau's hearing will continue on Sunday with no decision expected before Monday at the earliest.

Qualcomm sees up to US$4.7 bln payment from Apple deal

The two tech giants agrees to settle their suit with Apple paying Qualcomm US$4.5 billion to US$4.7 billion.

Musk, SEC get another week to work out deal on Twitter...

Musk's lawyers have argued the tweet did not contain new information that was material to investors.

Qualcomm stock jumps 23% on surprise settlement with Apple

The settlement followed two years of increasingly bitter legal battles between the two companies.

Khashoggi’s children deny settlement discussions over his murder

According to a Washington Post report, the children of murdered Saudi journalist Jamal Khashoggi received five-figure payments as compensation for the killing of their father.

After 18-year struggle, 24 Bangi Estate families happy to move into...

The families, who were helped by PSM in their battle with the developer, will move into their two-room apartment units next month.

Facebook to face US privacy pact costing billions

The investigation focuses on whether the social media giant failed to honour previous privacy commitments when Cambridge Analytica gained access to information about millions of users.

Apple agrees 500 million euro tax settlement with France

French news weekly L'Express reports that Apple had paid nearly 500 million euros (US$570 million) to resolve the case in a confidential settlement reached in December.

Wells Fargo to pay US$575 mln in settlement with US states

Wells Fargo has been seeking a fresh start after revelations that its employees opened potentially millions of unauthorised accounts tangled it in investor and regulatory scrutiny.

Goldman likely to face ‘significant penalties’ over 1MDB deals, says report

The firm’s third-quarter earnings report filed to regulators on Friday also highlights concerns over business culture and internal controls.

Sivarasa, Ku Nan to reach settlement on defamation suit

The suit is expected to be resolved amicably, with both parties given until next week to settle the case.

Tesla’s Musk says tweet that cost him US$20 million was `worth...

His sign-off culminated a series of tweets that included an announcement about the release of autopilot drive on navigation.

Najib to PH: Pursue IPIC and get back the money

Former prime minister also urges government to retain 1MDB assets — the Tun Razak Exchange and Bandar Malaysia — as these could help generate revenue.

Tesla shares fall after Musk mocks SEC on Twitter

Several Twitter users also criticized Musk, who has over 20 million followers on the social media platform, for his tweets targeting regulators and short sellers.

Tesla shares jump on Model 3 numbers, Musk settlement

As part of the settlement with the SEC, Tesla will appoint an independent chairman, two independent directors, and a board committee to set controls over Musk's communications under the proposed agreement.

Tesla’s SEC deal provides ammunition for US probe, investor lawsuits

Tesla is expected to release third-quarter production this week, and investors are watching to see if it hit targets for the Model 3, a high-volume car.

Tesla, Musk pay US$40 million to settle Tweet charges, Musk to...

Musk is now required to step down as chairman of Tesla within 45 days, and he is not permitted to be re-elected to the post for three years.

Utusan apologises to Guan Eng in court over wakaf land article

The DAP leader says he will not hesitate to sue those who continue to defame him.

Uber fined US148 million in US

California, one of lead states in the settlement effort, will keep US$26 million, to be split between the state Attorney General's Office and the San Francisco District Attorney’s Office.

Red Granite pays off RM234 million settlement with US over 1MDB

Variety reports that the production company paid the final instalment some four months ahead of schedule.

Uber settlement supported by engineer who blogged about bias

Uber, which denies wrongdoing as part of the settlement, has said the accord is fair and reasonable.

Tealive, Chatime owners reach settlement on franchise disputes

Both agree to withdraw all court and arbitral proceedings in Malaysia and Singapore.