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Cryptocurrencies

“From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble”

“… …” https://www.cnbc.com/2024/06/16/inside-latest-crypto-firm-paying-billions-to-end-legal-troubles-.html

Banking

“JPMorgan’s $290 million settlement with Epstein accusers wins approval by U.S. judge”

“A U.S. judge on Thursday approved JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. U.S. District Judge Jed Rakoff granted final… Continue Reading…

Banking

“Wells Fargo reaches $1 billion shareholder settlement over recovery from scandals”

“Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers…” https://finance.yahoo.com/news/wells-fargo-reaches-1-billion-040526887.html And people use this bank… Continue Reading…

Business, Stocks

“Who gets the $12.6M in restitution from the Robinhood settlement”

“On Wednesday, Robinhood reached a settlement with FINRA over a multitude of issues, agreeing to pay a fine of $57 million and restitution to customers of $12.6 million. In the 122-page settlement document against Robinhood, FINRA explains that the company “has paid or intends… Continue Reading…

Stocks

“PG&E Soars on $13.5 Billion Settlement With Wildfire Victims”

“PG&E Corp. surged to a two-month high after reaching a $13.5 billion settlement with the victims of wildfires ignited by its power lines — a major step toward resolving the biggest utility bankruptcy in U.S. history. The agreement, announced late… Continue Reading…