Lawsuit Settlement, Lawsuit | featured news

The U.S. government said on Thursday that the biggest U.S. banks will provide $25 billion in relief to distressed homeowners and states, as officials hold lenders responsible for taking illegal shortcuts during foreclosures and other mortgage paperwork.

The Justice Department is expected to announce Wednesday a settlement with Bank of America Corp. that resolves accusations that its Countrywide Financial unit engaged in discriminatory mortgage-lending practices, according to a person familiar with the matter.

Court records show Tobey Maguire has agreed to pay $80,000 to settle a lawsuit filed over money he won in high-stakes poker matches from a convicted Ponzi scheme operator....

Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller drug Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.

The studio that fired former "Two and a Half Men" star Charlie Sheen said Monday it has struck a deal with the actor to end their legal dispute... The Los Angeles Times reported Sheen's settlement would be $25 million, although celebrity website TMZ reported the deal would be worth roughly $100 million over the next several years. Both outlets cited unnamed sources in reports about the settlement amounts.

JPMorgan Chase & Co, the second largest U.S. bank by assets, led a broader decline in bank share prices, as investors feared lenders face a growing list of lawsuits due to problem mortgages.

Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.

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.