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The settlement features three main parts: (1) nearly $2.8 billion in backpay to former athletes (mostly who played in 2016-2021) distributed over a 10-year period through reductions in NCAA and ...
The term (sometimes used in the phrase cram-down deal) has also gained currency to denote informally any transaction where existing investors (debt or equity) are forced by circumstance to accept an unappealing transaction, such as an expensive financing, a debt transaction that subordinates them, a dilutive equity raising, or an acquisition at ...
Verizon settlement payments have started hitting customers' bank accounts as part of a $100 million resolution of a class-action lawsuit.. Eligible customers had until April 15 to claim their ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
An individual who is badly in debt can typically file for bankruptcy either under Chapter 7 (liquidation, or straight bankruptcy) or Chapter 13 (reorganization).In some cases, options may also include Chapter 12 (family farmer reorganization) and Chapter 11 (reorganization of a company, or an individual debtor whose debts exceed the limits for a Chapter 13 filing). [2]
The settlement aims to clear nearly 100,000 lawsuits filed by consumers ranging from homeowners to farmers who say they developed cancer because of the product. Some 25,000 cases still remain.
Jessica Gonzalez, a former QA tester and founder of A Better ABK appealed the settlement, but it was struck down by the courts on March 22, 2022. [49] The court subsequently accepted the terms of the $18 million settlement between EEOC and Activision Blizzard on March 29, 2022, with terms that prevented those employees that took the settlement ...