SETTLEMENT

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Madoff trustee in $1 billion settlement with Tremont

The trustee seeking money for victims of Bernard Madoff's fraud reached a more than $1 billion settlement with Tremont Group Holdings Inc, one of the largest feeders of customer funds into the Ponzi scheme.

UCLA Health Systems to Pay Up For Alleged HIPPA Violation

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The UCLA Health System will pay $865,500 as part of a settlement agreement because its employees snooped into celebrity patients' medical records resulting in a violation of the Health Insurance Portability and Accountability Act of 1996, or HIPPA violation .

Apple seeks halting sale of four Samsung products: Infuse 4G, Galaxy S 4G, Droid Charge, Galaxy Tab 10.1

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Apple filed motion for Preliminary Injunction in US District Court U.S District Court in San Jose, on Friday, to halt the sale of four Samsung devices, Infuse 4G, Galaxy S 4G, Droid Charge, and Galaxy Tab 10.1. Apple alleged that the devices copy Apple's mobile devices and make use of its patents and intellectual property without authorization. According to Apple's claim, the Samsung devices collectively infringed on three of Apple's design patents and one utility patent
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BofA near $8.5 billion settlement on securities

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.
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Winklevoss twins end appeal of Facebook settlement

Olympic rowing twins Cameron and Tyler Winklevoss have decided not to appeal to the Supreme Court a ruling upholding their $65 million settlement with Facebook Inc and its founder Mark Zuckerberg, signaling the possible end of the long-running dispute.
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Court clears Lehman unit settlement with JPMorgan

Federal bankruptcy court approved on Thursday a settlement between the Lehman Brothers brokerage and JPMorgan Chase & Co in which the bank will return more than $800 million of cash and securities to resolve claims brought by the Lehman trustee.
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FDIC, WaMu ex-CEO nearing settlement of lawsuit

Former Washington Mutual Inc Chief Executive Kerry Killinger and two of his top lieutenants are nearing a settlement with the Federal Deposit Insurance Corp over the failure of what was the largest U.S. savings and loan.
Nokia ends legal rift with Apple, accepts financial settlement

Nokia Wins Patent Battle Versus Apple

Mobile giant Nokia said it has signed a patent license deal with Apple that would end all the pending patent litigations between the two companies over iPhone, iPod and iPad.
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HSBC agrees $62.5 million Madoff lawsuit settlement

HSBC said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.
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TiVo results jump thanks to legal settlement

TiVo Inc , which makes digital video recorders, reported a quarterly profit, reversing a year ago loss, thanks to the blockbuster patent settlement it reached with Dish Network Corp and EchoStar Corp .
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LimeWire, RIAA settle copyright dispute for only $105 mln

LimeWire, a major peer-to-peer (P2P) company that was accused by the Recording Industry Association of America (RIAA) of being a platform for illegal music transfers, has been let off lightly as it settled the dispute at $105 million, far short of $1.4 billion that was first sought by the plaintiffs.

Feds Allege Google Profited from Illegal Drugs

Online pharmacies selling counterfeit drugs or not requiring prescriptions advertised on Google. Google allowed it to continue and now is setting aside $500 million to ward off criminal charges by settling.
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Google nears settlement over drugstore ads: report

Google Inc is close to settling a U.S. criminal probe into allegations that it made hundreds of millions of dollars from online pharmacy ads that break U.S. laws, the Wall Street Journal reported, citing people familiar with the matter.

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