Lawsuit Settlement | featured news

Cameron and Tyler Winklevoss, Harvard University classmates and former business partners of Facebook founder Mark Zuckerberg, have decided not to further appeal a settlement in their long-running dispute over the origins of Facebook.

The tattoo artist who sued over Ed Helms' tattoo in "The Hangover Part II" has settled his lawsuit over the design, which resembles the facial ink the artist created for Mike Tyson.

The FDIC is close to settling a lawsuit that accused former Washington Mutual executives of taking gambles that sparked the thrift's 2008 collapse.

Nokia Oyj won an almost two-year patent dispute with Apple Inc., in a settlement that awards a one-time payment and royalties to the Finnish handset maker. Nokia rose as much as 4.1 percent in Helsinki trading. The agreement will bolster the Devices & Services unit’s second- quarter profitability, Espoo, Finland-based Nokia said in a statement today. The details of the contract, under which Apple will pay an undisclosed sum and royalties for the term of the agreement, are confidential, Nokia said.

HSBC agreed on Tuesday to pay $62.5 million to settle class action claims by investors in a fund that had invested with Bernard L. Madoff.

The Walt Disney Company has agreed to pay a $3 million settlement stemming from charges that online virtual worlds once operated by Playdom, now a Disney subsidiary, violated the Federal Trade Commission rules designed to protect the online privacy of children under age 13. According to the FTC, several Playdom sites that were aimed at young audiences illegally collected and then disclosed personal data in violation of the Children's Online Privacy Protection Act (COPPA). These sites included Pony Stars, 2 Moons, 9 Dragons, Age of Lore, and My DIva Doll.

Bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.

The twins, Cameron and Tyler Winklevoss, say they should have received more money in their settlement with Facebook. The court disagreed.

Jacob "Kobi" Alexander, the fugitive former chief executive of Comverse Technology Inc, agreed to pay nearly $54 million to resolve civil litigation brought by the U.S. government over the backdating of stock options, court papers show.

Wells Fargo agreed to pay $100 million to Citigroup to settle all claims related to its $15-billion deal to acquire Wachovia in the midst of the financial crisis.