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Senator Solicits Input On Indian Trust Settlement

WASHINGTON, D.C. – (AP) The vice chairman of the Senate Indian Affairs Committee said Tuesday he is concerned about the fairness of a proposed $3.4 billion settlement against the government for mismanaging Indian trust funds and is suggesting some revisions. U.S. Sen. John Barrasso said he thinks...

Shareholder Challenges Attorney Fees In Tyco Settlement

DOVER, Del. - (AP) An investor in Tyco International says attorneys who represented shareholders in a securities lawsuit cheated them out of more than $200 million. The federal lawsuit in Delaware targets Grant & Eisenhofer, one of three law firms that won a $3.2 billion settlement for Tyco shareholders...

Heart Device Maker ELA Medical Pays $9.1M To Settle Kickback Allegations

MIAMI -- Heart device maker ELA Medical Inc. will pay $9,178,000 to settle a False Claims Act lawsuit alleging that it paid kickbacks through a distributor to doctors to induce them to use the company's products, according to a settlement filed Nov. 1 in a Florida federal court ( United States of...

Panel Hears Plan To Cap Attorney Fees In $3.4 Billion Settlement

(AP) Attorneys in the government's $3.4 billion settlement with American Indians over mismanaged royalties are "stonewalling" a congressional panel as they ask a judge to more than double their fees in the case, the committee's chairman said Tuesday. Rep. Don Young, R-Alaska, is co...

Effort On To Limit 'Public Interest' Proposition 65 Settlement Releases In California

California's Proposition 65 ( Sections 25249.5 et seq Health & Safety Code ) is an unusual regulatory scheme. Lawsuits may be filed by private individuals. Plaintiffs are not required to have standing. The law only addresses a warning requirement; it does not itself prevent or constrain the presence...

Capital One To Pay $10 Million To Settle APR Class Action

LOS ANGELES - (Mealey's) Capital One Bank NA USA has agreed to pay $10 million to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them, according to a document the lead plaintiff in a class action filed in a...