Lawsuit Settlement, Lawsuit | featured news

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.

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.

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.

Allergan Inc., the maker of wrinkle-smoothing Botox, says it will pay $600 million to settle a years long federal investigation into its marketing ...

The Hulk settled with the family of the young victim in his son's car crash.

Court records show Roman Polanski agreed to pay his sexual assault victim $500,000 to settle a lawsuit 15 years after he fled the United States.