A Judge Denies Robert De Niro’s Estranged Wife’s Request for a $500 Million Divorce Settlement

Robert De Niro won’t have to shell out a ton of cash to his estranged wife Grace Hightower in their ongoing divorce settlement. According to the Atlanta Black Star, a judge recently denied Hightower’s request to be rewarded with cash stemming from the Hollywood actor’s fortune, an estimated $500 million to be exact. The Godfather star has amassed millions not only from his lengthy acting career, but he has also invested cash into a bevy of well-known restaurants and businesses across New York City including the Tribeca Bar and Grill and The Greenwich Hotel.

“The husband’s income earned during the marriage and other business assets acquired during that time are his separate property,” the court ruling stated.

Read the source article at Yahoo

An $8.6 Million Pollution Settlement Is Helping an Illinois Town Fund Solar Panels

Years of pollution from the coal-fired Edwards Power Plant in Bartonville are helping produce a cleaner future thanks to $1.5 million allocated to Woodruff Career and Technical Center. 

The money, part of an $8.6 million settlement from a case brought against the plant’s owners, is being used to pay for solar panels at the school and help fund a brand-new program to prepare students for jobs in the growing field of renewable energy. 

When students returned to school in the fall, they arrived just in time to watch the installation of 545 solar panels on the roof of the school’s two gymnasiums. The 22 students in the renewable energy class were able to monitor the progress through their classroom windows, which face the construction site. 

Read the source article at Journal Star

A $641 Million Flint Water Settlement Decreases by $15 Million

 A $641 million settlement with people affected by Flint’s lead-contaminated water was reduced by $15 million Wednesday after a judge agreed that a hospital could cut its pledge.

McLaren Health will pay $5 million instead of $20 million. It had the right to drop out completely if not enough claimants signed up for its share of the settlement.

Flint managers appointed by then-Gov. Rick Snyder and regulators in his administration allowed the city to use the Flint River in 2014-15 without treating the water to reduce corrosion. As a result, lead in old pipes broke off and flowed through taps.

Read the source article at CBS Detroit

The Family of a Man Who Drowned in a Flash Flood Settles With a California City for $2.5 Million

On June 17, 2021, The Wallace Firm, alongside Jacoby & Meyers, Ivie McNeill Wyatt Purcell & Diggs, and Engleman Law, agreed to a $2.5 Million Dollar Settlement against the City of Victorville on behalf of Michael Williams’ family.

On February 17, 2017, Michael Williams was driving in a residential neighborhood in the City of Victorville, California, and was unexpectedly swept away by floodwaters. He was trapped in his car as the floodwaters and debris submerged his vehicle, and he suffered a horrific death caused by drowning.

It was found that the city was aware of the dangerous conditions in the neighborhood but failed to barricade the area. It was also discovered that the city neglected to perform maintenance activities in this area after implementing “Storm Duty” one day prior to Michael’s death. The area where the incident occurred was known to have a history of flash flooding.

 

Credit Suisse Will Pay Almost $475 Million to the U.S. and U.K. to Settle Charges Over Misleading Investors and Violating the FCPA

Credit Suisse Group AG has agreed to pay nearly $475 million to U.S. and U.K authorities, including nearly $100 million to the Securities and Exchange Commission, for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised funds on behalf of state-owned entities in Mozambique.

According to the SEC’s order, these transactions that raised over $1 billion were used to perpetrate a hidden debt scheme, pay kickbacks to now-indicted former Credit Suisse investment bankers along with their intermediaries, and bribe corrupt Mozambique government officials. The SEC’s order finds that the offering materials created and distributed to investors by Credit Suisse hid the underlying corruption and falsely disclosed that the proceeds would help develop Mozambique’s tuna fishing industry. Credit Suisse failed to disclose the full extent and nature of Mozambique’s indebtedness and the risk of default arising from these transactions.

The SEC’s order also finds that the scheme resulted from Credit Suisse’s deficient internal accounting controls, which failed to properly address significant and known risks concerning bribery.

Read the source article at Mondo Visione

3M Agrees to a $98.4 Million Settlement With Alabama Counties Over the Use of “Forever Chemicals”

A settlement of $98.4 million has been offered in a long-running lawsuit over chemical contamination in Morgan County.

Decatur, Morgan County and Decatur Utilities today announced settlement agreements have been reached through mediation with 3M and other companies in two lawsuits over the use of so-called “forever chemicals.”

Through a court-ordered mediation process, the city, county, and Decatur Utilities will receive a $98.4 million settlement from 3M, if the governing bodies of the three approve the agreements. The Decatur City Council and the Morgan County Commission will each hold a special meeting Oct. 25 at 6 p.m. at Ingalls Harbor Pavilion, 802-A Wilson Street N.W. to consider the settlement.

Read the source article at al.com

Tether Settles CFTC Charges for $42.5 Million

The U.S. Commodity Futures Trading Commission (CFTC) has slapped Tether with US$42.5 million in penalties, saying it made “untrue” and “misleading” statements and “omissions of material fact” in its management of the USDT stablecoin over several years.

At the heart of the case were Tether management’s public claims that each “tether” digital asset unit was backed by one unit of its corresponding fiat currency (mostly USD, but also EUR and others). The companies had maintained that balance just 26% of the time between 2016 and 2018, the CFTC found.

Tether had also regularly shuffled reserve funds between unregulated partner entities, the Bitfinex exchange and other third parties, and “backed” its tokens with a mixture of fiat currencies and some decidedly unstable reserves including unsecured receivables, loans and other digital assets. Despite early promises to audit its holdings the companies had never done so satisfactorily, and at least 29 of the arrangements it made with other parties “were not documented through any agreement or contract.”

Read the source article at CoinGeek

Donald Trump Faces At Least 10 Civil Lawsuits Alleging Fraud and Defamation

Former President Donald Trump has been ordered to answer questions under oath in a lawsuit Monday, and his attorneys could set a date for a deposition in another case, as well.

The lawsuits, involving allegations that his security guards roughed up protesters outside Trump Tower in New York and allegations of defamation by former “Apprentice” contestant Summer Zervos, respectively, are just two cases in the mass of civil litigation Trump faces post-presidency.

At least 10 civil cases are pending against Trump, whose ability to delay them has been curtailed since he left office in January. Trump had argued in some of the cases that as a sitting president he was immune from civil lawsuits. His office didn’t respond to a request for comment on the cases.

Read the source article at NBC News

A NJ Judge Approves a $100 Million Settlement in an Asbestos Lawsuit

For years, people diagnosed with malignant mesothelioma, asbestosis, and other asbestos-related diseases sought justice and fair compensation from Englehard Corporation, a subsidiary of BASF. They accused the company of exposing them to asbestos in the talc that they produced. These efforts were blocked by the company’s law firm, which insisted that no evidence existed to support the victims’ claims. This was not true and their falsehoods were exposed. This week a New Jersey federal judge approved a settlement of $100 million that orders BASF and its law firm to pay approximately 20,000 class members between $3,500 and $300,000 each.

The class action lawsuit revolved around thousands of mesothelioma victims and others diagnosed with asbestos-related diseases who were stymied by the actions of BASF and its former counsel at Cahill Gordon and Reindel LLP.  BASF acquired Englehard in 2006 after the company had produced Emtal Talc between 1967 and 1983. When victims claimed the talc was contaminated with asbestos, the law firm and the company’s representatives falsely said there was no evidence or testimony to support the claims.

Read the source article at Mesothelioma.net

The New York AG Vows to Deliver Up to $17.5 Million in Settlement Funds to the Mohawk Valley to Combat the Opioid Crisis

New York Attorney General Letitia James today continued her statewide ‘HealNY’ tour of New York state with a stop in Utica, where she announced that she will deliver up to $17.5 million to the Mohawk Valley to combat the opioid epidemic. The funds come from different settlements Attorney General James has negotiated following her March 2019 lawsuit against the various manufacturers and distributors responsible for the opioid crisis. Attorney General James’ tour will make stops in dozens of New York counties throughout the month of October, with up to $1.5 billion in funds going to counties across New York state.

“Over the last two decades, the Mohawk Valley has not been spared from the pain and devastation the opioid crisis has inflicted on our state, but, today, we are beginning to heal New York by announcing that we will be delivering up to $17.5 million into the Mohawk Valley to invest in prevention, treatment, and recovery programs,” said Attorney General James. “With these funds, I know we can turn the tide on the opioid crisis and help communities rebuild. While no amount of money will ever bring back all that we have lost to this epidemic, we can hold the various manufacturers and distributors responsible and invest these funds in preventing any future destruction.”

Read the source article at New York State Attorney General