As part of the deal, stemming from fatal 737 Max crashes in 2018 and 2019, the company agreed to pay a fine of nearly half a billion dollars and strengthen its safety programs.
Category: Compensation for Damages (Law)
U.S. Said to Seek Boeing Guilty Plea to Avoid Trial in 737 Max Crashes
The Justice Department told victims’ families that it would propose a nearly $244 million fine and three years of company oversight to settle a fraud charge.
Norfolk Southern Settles Derailment Suit for $600 Million
The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year.
The Hot New Market in Crypto? Trading FTX’s Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
Leon Black Agreed to Pay $62.5 Million to Settle Epstein-Related Claims
The private equity mogul struck a deal with the U.S. Virgin Islands to avoid a potential lawsuit over his ties to Jeffrey Epstein.
3M Reaches $10.3 Billion Settlement in ‘Forever Chemicals’ Suits
The deal followed an agreement by Chemours, DuPont and Corteva to pay $1.19 billion to help resolve claims that the chemical manufacturers contaminated drinking water across the country.
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Southwest’s Meltdown Could Cost It Up to $825 Million
The airline has not said how soon it will upgrade the systems that contributed to mass flight cancellations, or how much that will cost.