Posts Tagged ‘settlement’

Hood wants settlement funds to go to prison, courts

JACKSON — Attorney General Jim Hood has sent a check to the state General Fund for $52,697,853.73 and a check for $11,167,097.00 to the State/School Employees’ Health Insurance Plan. The money, totaling $63,864,932.73, is the result of litigation involving eight cases as follows: GlaxoSmithKline, LLC (Avandia): $25,219,368.42 BASF Corporation et al (vitamin litigation): $22,509,978.76 LCD […] [...]

Legal-Bay: BP claims settlement headed to Supreme Court

NEW ORLEANS — Legal-Bay LLC, The Lawsuit Settlement Funding Company, believes the British Petroleum Inc. Business Economic Loss (BEL) claims settlement will eventually make its way to the U.S. Supreme Court under a writ of certiorari. Legal-Bay said the issues revolve around constant legal wrangling by B.P. to drastically alter the landmark settlement, by claiming […] [...]

State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two […] [...]

BP appeals judge’s ruling over spill claims

NEW ORLEANS — BP is appealing a judge’s rejection of its argument that claimants who can’t trace their losses directly to the company’s 2010 Gulf oil spill shouldn’t receive payments through a multibillion-dollar settlement with a team of private plaintiffs’ lawyers. BP attorneys filed a notice of appeal yesterday, two days after the ruling by […] [...]

Grocery store settles discrimination case with EEOC

JACKSON — A Jackson grocery store has agreed to pay $325,000 to settle a sexual harassment lawsuit filed by the government. The Equal Employment Opportunity Commission said today in a news release that it reached the deal with Venture Inc., which runs a Save-A-Lot grocery store on Ellis Avenue in west Jackson. In a statement […] [...]

State receives settlement involving securities violation

JACKSON — Mississippi has received $34,070 in settlement funds from a state securities violation. Another multi-state investigation by the North American Securities Administrators Association (NASAA), of which includes Mississippi, found RBC Capital Market employees sold securities without properly registering with the Mississippi Secretary of State’s Office. “Registering investment advisors provides confidence to Mississippi citizens when […] [...]

Judge to hear objections to BP oil spill settlement

NEW ORLEANS — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company’s massive 2010 oil spill. Today, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That’s […] [...]

Hood watching for scammers in black farmer settlement

JACKSON — Attorney General Jim Hood is warning consumers to be aware of persons or organizations offering help in filing claims in the Black Farmers Discrimination Litigation involving the U.S. Department of Agriculture. “It has been brought to our attention that there are individuals/organizations who are holding meetings statewide and charging a fee to help […] [...]

State gets settlement funds from UBS for securities law violations

JACKSON — The state of Mississippi has received $60,302 in settlement funds after a multi-state investigation found UBS Financial Services violated state securities laws. Conducted by the North American Securities Administrators Association (NASAA), the investigation revealed several UBS employees sold securities without properly registering with the state. “UBS has acknowledged the need to modify its […] [...]

State reaches settlement with Affinion and subsidiaries

JACKSON — Connecticut-based Affinion, and its subsidiaries Trilegiant and Webloyalty, will pay over $30 million to settle allegations that they misled consumers into signing up and paying for discount clubs and membership, according to a release from the Mississippi Attorney General’s Office. Affinion is establishing a fund of approximately $19 million to provide refunds to […] [...]

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