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Settlement

Baltimore bridge collapse may lead to ‘largest single marine insurance loss ever’, Lloyd’s of London says

by Walter Watson
Baltimore bridge collapse may lead to ‘largest single marine insurance loss ever’, Lloyd’s of London says

Baltimore bridge collapse may lead to ‘largest single marine insurance loss ever’, Lloyd’s of London says Insurance payouts for the Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore …

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Binance reaches $4.3b settlement in US plea deal agreement

by Isaac Wright
Binance reaches .3b settlement in US plea deal agreement

Binance Holdings Ltd. has been ordered to pay $4.3 billion for a plea deal approved by District Judge Richard Jones, marking one of the heftiest criminal penalties in U.S. history. …

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Prince Harry settles tabloid phone hacking claim, says mission to tame UK media continues

by Ron Morgan
Prince Harry settles tabloid phone hacking claim, says mission to tame UK media continues

“We have uncovered and proved the shockingly dishonest way in which the Mirror acted for so many years, and then sought to conceal the truth,” the 39-year-old royal said in …

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Genesis agrees $21m SEC settlement in Gemini Earn lawsuit

by Isaac Wright
Genesis agrees m SEC settlement in Gemini Earn lawsuit

The SEC’s civil lawsuit against Barry Silbert-backed Genesis has ended in a mutual settlement amid bankruptcy proceedings for the defunct crypto service provider.  Genesis Global Holdco, a Digital Currency Group …

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Abra set to enable customer withdrawals after settling with Texas authorities

by Isaac Wright
Abra set to enable customer withdrawals after settling with Texas authorities

Cryptocurrency platform Abra has reached a settlement with Texas securities regulators, enabling users to withdraw their funds and ensuring compliance with existing securities laws. Abra recently reached a settlement with …

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Canada in talks for multimillion dollar settlements with Michael Spavor, Michael Kovrig over China imprisonment: report

by Ron Morgan
Canada in talks for multimillion dollar settlements with Michael Spavor, Michael Kovrig over China imprisonment: report

Canada in talks for multimillion dollar settlements with Michael Spavor, Michael Kovrig over China imprisonment: report Canada’s government is willing to sign off on multimillion-dollar settlement packages for Canadians Michael …

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Pornhub owner pays US government $1.8M to resolve sex trafficking probe

by Edgar Davis
Pornhub owner pays US government .8M to resolve sex trafficking probe

Pornhub’s parent company Aylo Holdings will pay $1.8 million to the U.S. government to resolve a charge of profiting off of sex trafficking. The company, formerly known as MindGeek, will …

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JPMorgan sees Binance settlement as positive development for crypto industry 

by Isaac Wright
JPMorgan sees Binance settlement as positive development for crypto industry 

JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk. JPMorgan (JPM) has hailed Binance’s recent settlement with the U.S. Department of Justice (DOJ) …

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Binance CEO Changpeng Zhao pleads guilty, agrees to pay US$50 million fine in US investigation

by Walter Watson
Binance CEO Changpeng Zhao pleads guilty, agrees to pay US million fine in US investigation

Binance Holdings’ Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money-laundering violations and agreed to pay a US$50 million fine on Tuesday under a sweeping deal worked out with the …

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Oakland family gets $2.4 million settlement in man’s slaying

by Vera Ward
Oakland family gets .4 million settlement in man’s slaying

The city of Oakland and Alameda County will pay $2.4 million to settle a lawsuit claiming authorities missed key opportunities to intervene before Miles Armstead was shot and killed three years ago, …

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