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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 ...
According to Internal Revenue Code Section 61, all payments from any source are considered gross income unless a specific exemption exists. When you win a settlement, it can be difficult to know ...
In 1996, LP committed at least $275 million to a settlement with 800,000 homeowners who had used the Inner-Seal siding. [9] In April 2003, LP implemented a Claimant Offer Program to speed payments to claimants. In what was the largest class-action lawsuit in the history of the siding industry, LP paid out more than 37,000 claims.
PlayStation 3 system software#Class action suit filed over update 3.0; PlayStation 3 system software#Class action suits filed over update 3.21; PlayStation Network outage#Legal action against Sony; Polybutylene#Class action lawsuits and removal from building code approved usage; R2C2#Class action lawsuit; Raytheon#Securities litigation
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.
The settlement of the lawsuit defines legal requirements of the parties and is often put in force by an order of the court after a joint stipulation by the parties. In other situations (as where the claims have been satisfied by the payment of a certain sum of money), the plaintiff and defendant can simply file a notice that the case has been ...
Related to courtroom action were offers for a cash advance on impending settlements. Another money matter related to lawsuits and impending settlements is market timing. [24] In June 2023, GSK reached a confidential settlement for one of the lawsuits related to Zantac causing cancer. [25] [26]
NEW YORK (Reuters) -Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday. Sanofi did ...