Tag: settlement

Siemens Settles FCPA Case for Record $800 Million

On December 15, German engineering company Siemens AG and three of its subsidiaries pleaded guilty to multiple violations of the Foreign Corrupt Practices Act (FCPA).  Siemens also reached a settlement agreement with the Securities and Exchange Commission (SEC) under which Siemens will pay a record $800 million (a $450 million criminal fine and $350 million in disgorgement … Continue Reading

Minnesota Wal-Mart Employees Get $54 Million Christmas Present

Wal-Mart Stores Inc. announced yesterday that it will pay $54.25 million to settle a class-action lawsuit over allegations that Wal-Mart made its employees work during break time and off the clock after regular working hours.  The class consists of approximately 100,000 current and former hourly employees who worked at Minnesota Wal-Marts and Sam’s Clubs between September 11, 1998 … Continue Reading

City of Vancouver Settles Race Discrimination Suit for 1.65 Million

The City of Vancouver, Washington announced yesterday that it will pay a former police officer $1.65 million to settle a federal retaliation and racial discrimination lawsuit he filed two years ago over his termination.  To read the Oregonian’s coverage on the case, click here.  This isn’t plaintiff Navin Sharma’s first settlement with the city:  he settled another … Continue Reading

New Study Suggests Defendants Should Try More Cases

According to a recent study, plaintiffs in civil lawsuits should be more willing to settle their cases, and perhaps defendants should stick to their guns and take more cases to trial.  The study (as reported in this New York Times article), concludes that when plaintiffs reject the defendant’s settlement offer and go to trial, they end up with a worse … Continue Reading