Russia’s coupon payment on a sovereign bond maturing in 2029 has been processed by correspondent bank JPMorgan Chase, Reuters reported on Tuesday, citing sources. The country was due to make a $66 million payment to bondholders on Monday on the bond. According to a source familiar with the situation, JPMorgan …
Read More »Prince Andrew settles sex abuse lawsuit
Prince Andrew, the second son of Queen Elizabeth II, has reached a settlement with Virginia Giuffre, who had accused the senior British royal of sexually abusing her when she was a teenager, according to a court filing in New York on Tuesday. The 61-year-old Duke of York agreed to pay …
Read More »Russian tycoon settles ‘Putin’s People’ libel suit
The billionaire brought the suit in response to the 2020 book ‘Putin’s People’, in which author Catherine Belton chronicled Putin’s rise to power and alleged, among other things, that he had directed Abramovich to buy the club in 2003 to expand Russian influence in the West. HarperCollins, the book’s publisher, …
Read More »‘Covington teen’ settles with another US outlet over bogus hate crime story
Sandmann announced the settlement via Twitter on Friday, noting that the terms were confidential. He has previously reached settlements with the Washington Post and CNN, whom he sued for $250 million and $275 million, respectively. Lawsuits against the New York Times, CBS, ABC, Rolling Stone, and Gannett are ongoing. The …
Read More »USA Gymnastics settles with abused athletes
The settlement was announced on Monday by the federal bankruptcy court in the Southern District of Indiana. USA Gymnastics filed for bankruptcy protection in 2018, following a deluge of lawsuits over years of Nassar’s abuse. “This chapter is finally closed,” tweeted Rachael Denhollander, whose 2016 complaint brought Nassar’s abuses to light. …
Read More »Johnson & Johnson settles opioid case in New York, will pay up to $230 million and stop selling deadly drugs in US
“Johnson & Johnson will pay up to $230 million for its role in fueling the opioid crisis that has devastated communities across New York,” the state’s attorney general, Letitia James, announced on Saturday. The settlement excludes the drugmaker from an upcoming lawsuit charging multiple opioid manufacturers and distributors with deceptively …
Read More »Minneapolis settles lawsuit from George Floyd estate for $27mn ahead of Derek Chauvin trial
The settlement includes $500,000 to be sent to the neighborhood where Floyd died during his arrest in Minneapolis on May 25, 2020. The $27 million payment marks the largest pre-trial settlement in a civil rights wrongful death case in US history. “That the largest pre-trial settlement in a wrongful death …
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