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Equity Residential was sued in a class action in 2017 due to allegations that it charged late payment fees in violation of California law. [20] [21]In 2022, the company agreed to pay approximately $2 million to settle a lawsuit filed by Attorney General for the District of Columbia Karl Racine alleging that the company offered misleading rent discounts on a rent-controlled building in ...
In order to pay the premiums on the policies, Equity Funding created additional bogus policies that they would also sell. Sometimes they would claim the bogus policyholder died and then receive the death benefits from the reinsurance company. [3] The company's stock was over $28 per share on March 9, 1973.
The lawsuits drove the company to declare bankruptcy in 1995, before it agreed to pay $2.3 billion to settle claims from 240,000 women in amounts ranging from $2,000 to $250,000 each in 2004, ...
In 1994, in partnership with Goldman Sachs, the company purchased Westin Hotels & Resorts in a $561 million transaction. [6] In January 1995, Starwood purchased Hotel Investors Trust, an almost-bankrupt real estate investment trust, [8] and in 2005, acquired Groupe du Louvre, which owned crystal maker Baccarat. [5]
In law, an equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary". [1]
In March 2015, Roger Corman and his wife filed a lawsuit against Citco alleging causes of action including breach of fiduciary duty, fraud, misrepresentation, and unjust enrichment, saying they ended up losing up to $60 million due to the inappropriate actions and inactions of Citco, the administrator of the fund. [20] [21]
The company agreed to pay $62 million to the commission. Opendoor’s stock fell 2.4% to $4.79 on Monday. Opendoor pioneered the model, often called ibuying, ...
Fiat was to receive 20% of the new Chrysler entity, and have the future option of purchasing equity up to an additional 15% of the company. [10] [11] [12] The autoworker's union retirement health care trust (voluntary benefit association "VEBA") would get 55%, and the U.S. Government and Canadian government would be minority stakeholders. [10] [11]