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Carbon Dioxide Impairment of Coastal Waters Lawsuit Settlement Requires EPA to Consider Ocean Acidification According to Larson and MacCurdy

Linda Larson and Meline MacCurdy "EPA's recent settlement of a lawsuit brought by the Center for Biological Diversity (Center) challenging the State of Washington's failure to list coastal waters as "impaired" under § 303(d) of the Clean Water Act (CWA) due to reduced pH...

Florida Homeowners Reach $55M Settlement In Chinese Drywall Action

NEW ORLEANS -- (Mealey's) Parties in MDL 2047 announced June 14 that a preliminary $55 million settlement has been reached between Florida-based drywall suppliers, their insurers and a proposed class of homeowners whose properties were damaged by tainted Chinese drywall ( In re: Chinese-Manufactured...

J.P. Morgan Securities Agrees To $228 Million Settlement In Muni Bond Reinvestment Action

WASHINGTON, D.C. - (Mealey's) J.P. Morgan Securities LLC (JPMS) has agreed to pay $228 million to settle charges brought by the Securities and Exchange Commission and other state and federal authorities in connection with its fraudulent rigging of at least 93 municipal bond reinvestment transactions...

Wachovia, KPMG Reach $627 Million Settlement With Investors

NEW YORK - (Mealey's) In what Wachovia Corp. shareholders' attorneys are calling the single-largest recovery for claims brought "solely pursuant to" the Securities Act of 1933, the shareholders, Wachovia, certain of its affiliates and former officers and directors and outside auditor...

New York Comptroller Announces $168 Million Settlement With National City Corp.

NEW YORK - (Mealey's) The comptroller of the State of New York has reached a $168 million settlement with National City Corp. and certain of its current and former officers and directors, settling claims that the financial holding giant misrepresented the "quality of its mortgages and home equity...

Tribune Reaches $32 Million Agreement With Former Employees To Settle ERISA Claims

CHICAGO - (Mealey's) The Tribune Co., which is in Chapter 11 bankruptcy, announced Oct. 20 that it has reached a $32 million settlement with former employees who had sued the company alleging violations of the Employee Retirement Income Security Act of 1974 (ERISA), which may provide Tribune with...

2 Force $14.5 Million False Claims Act Settlement For Off-Label Marketing of Detrol

BOSTON - (Mealey's) Two whistle-blowers who went it alone in prosecuting a False Claims Act lawsuit against Pfizer Inc. in a Massachusetts federal court have forced a $14.5 million settlement for the off-label marketing of Detrol, according to announcements by the plaintiffs on Oct. 20 and a federal...

$25B Settlement Agreement Reached With 5 National Banks Over Foreclosure Practices

WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice (DOJ) announced Feb. 9 that the federal government, attorneys general from 49 states and five national banks have reached a $25 billion settlement to resolve issues stemming from the lenders' allegedly fraudulent foreclosure practices...