settlement News

Massachusetts ‘Alarm Fatigue’ Lawsuit Settled

The family of an 89-year-old man who died at Massachusetts General Hospital when nurses did not respond to alarms on his cardiac monitor has settled its case against the hospital for $850,000. The Boston Globe reported on Monday that the …

$10M Settlement in Missouri Asbestos Lawsuit

The family of a longtime Jackson County, Missouri courthouse employee has accepted a $10 million settlement in a lawsuit involving the handling of asbestos at the courthouse. The settlement of a lawsuit filed by Nancy Lopez against U.S. Engineering Co. …

Aon, ACE Integrate London Exchange for Accounting and Settlement

Aon Risk Solutions, the risk management business of Aon Corp., and ACE have both announced the “successful implementation of Rüschlikon accounting and settlement standards via The Exchange.” The announcement described the move as taking “the London market’s e-capabilities a large …

AXA Rosenberg Settles Coding Lawsuit for $65 Million

Money manager AXA Rosenberg and co-founder Barr Rosenberg agreed to pay $65 million to settle a lawsuit by investors who said they lost money after a computer coding glitch impeded the firm’s ability to manage risk. Tuesday’s settlement came nine …

Settlement Reached in Florida Anthrax Death Case

The widow of a tabloid photo editor who died in the 2001 anthrax mailings has reached a settlement in her lawsuit against the U.S. government. Maureen Stevens of Lake Worth, Florida, and the government have reached a tentative agreement that …

William Gallagher Settles With Regulators, Will Pay $1.7M

Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that it overcharged a client. The state regulators accused the Massachusetts-based broker of overcharging a local business, Milford Power Company, millions of …

Bayer Extends Genetically Modified Rice Settlement Deadline

Rice farmers have nearly a month to file for part of a $750 million settlement to claims that they lost money because Bayer CropScience mistakenly sold genetically modified seed in the United States. The original deadline was Oct. 10, but …

BP Settles for $4 Billion from Anadarko for Oil Spill Costs

Anadarko Petroleum Corp will pay BP Plc $4 billion toward clean-up and victim compensation for the Gulf of Mexico oil spill. The amount is less than BP might have won in court, but it softens the blow of overall spill-related …

Massachusetts Family Settles Last Wrongful Death Lawsuit from 9/11

The last wrongful death lawsuit remaining from the Sept. 11 terrorist attacks has been resolved with a settlement, according to an attorney for the family of a passenger on a plane that was flown by hijackers into the World Trade …

Court Approves $43 Million Montana Asbestos Settlement

A Montana judge has approved a $43 million settlement for people sickened by exposure to asbestos from a mine, with a large part of that amount to be paid by Warren Buffett’s Berkshire Hathaway, court documents show. The settlement resolves …